Nevada casinos post 7th straight billion-dollar revenue month

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The Nevada Independent

Vegas gaming bounce in April changes outlook on the market

As Nevada sets a record for April casino revenue, analysts suggest high-end customers will continue to visit and pay higher room rates. The investment community has been bracing for a downturn in Nevada's gaming market. April's gaming and tourism results released Wednesday may have changed some minds. Following a 1.2 percent statewide revenue…

Finance ・ 30 May 2024

Northern Nevada Business Weekly

Nevada casinos set single-month revenue record in July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…

Finance ・ 05 September 2023

Nevada Appeal

Casinos set revenue record; Washoe tops $100M

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…

Finance ・ 01 September 2023

The Nevada Independent

Nevada casinos set a single-month revenue record of $1.4B during July

So much for a gaming revenue slowdown. Nevada's casino industry set a single-month record in July with more than $1.4 billion in casino earnings, fueled by elevated revenue from slot machines statewide and the highest hold percentage on baccarat wagers by Strip casinos in 20 years. After seeing statewide gaming revenue decline in three out of the…

Finance ・ 31 August 2023

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Review Journal

Clark County’s $1B gaming win streak ends; state sees record April

Casino gaming win in Clark County in April ended its 11-month streak of winning $1 billion or more, but the state still managed to have its best April on record winning $1.16 billion from gamblers for the month, the Nevada Gaming Control Board reported Wednesday. Nevada has recorded $1 billion in gaming win only five times in April, three of which…

Industry ・ 01 June 2023

Nevada Appeal

Nevada casinos close out 2022 with record gaming revenue figures

Nevada's casino industry set annual gaming revenue records statewide and on the Strip when November's figures were counted. December's response? "Not so fast." Fueled by a single-month record for the Strip in December, Nevada finished 2022 with more than $14.8 billion in gaming revenue, blowing past 2021's $13.4 billion by 10.5 percent, the state's…

Finance ・ 01 February 2023

Yogonet

Nevada casinos post 21st consecutive $1B+ month in November; break 2021's record performance

While the month of December has yet to be recorded, Nevada casinos drew in gaming win during the first 11 months of 2022 that already broke 2021's record performance. The state's 459 licensed casinos reported $13.5 billion for the period, up 10.2% over the first 11 months of 2021. The record was broken after casinos posted $1.22 billion in gaming…

Land-based ・ 08 January 2023

Yogonet

Nevada gambling revenue tops $1B for 18th consecutive month in August at $1.2B

Nevada's winning streak shows no sign of slowing down: the Silver State has now reported its 18th consecutive month of more than $1 billion in gambling revenue. According to the lastet data released by the Nevada Gaming Control Board on Thursday, the state collected $1.2 billion from its casinos in August, a figure 26.7% up from the same month in…

Finance ・ 30 September 2022

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The Nevada Independent

Analysts: Nevada casinos headed toward a second-straight revenue record year

Historically, Nevada gaming revenue averages a 9 percent decline between July and August. The Gaming Control Board said Thursday that August's statewide gaming revenue figure of more than $1.2 billion was a 3.5 percent increase from a year ago, even as the market was down 8.2 percent from July - well within the historical trend. But with statewide…

Land-based ・ 29 September 2022

Northern Nevada Business Weekly

Nevada casinos’ win again tops $1 billion

Gaming win again passed $1 billion in May as casino licensees reported collecting a total of $1.3 billion. That is $70.2 million more than a year ago and the 15th consecutive month of billion-plus win totals for Nevada casinos. For the 11 months of this fiscal year, total win has increased 40.99 percent to $13.35 billion. The monthly numbers…

Land-based ・ 01 July 2022

The Nevada Independent

Strip, downtown casinos propel Nevada’s 15th straight billion-dollar revenue month

Gaming revenue collected during May saw record-breaking totals for casinos in Clark County, the Strip and downtown Las Vegas, while fueling the state to its 15th straight month of $1 billion or more in gambling winnings. The Gaming Control Board said Thursday that the state's $1.3 billion in total gaming revenue was 5.7 percent higher than the…

Finance ・ 30 June 2022

The Nevada Independent

Recovery slows but Nevada casinos still have 14th straight billion-dollar month

Nevada casinos recorded their 14th straight month of at least $1 billion in gaming revenue during April, but the total marked the first time in more than a year the state didn't experience a double-digit increase. The Gaming Control Board said Thursday that casinos statewide collected almost $1.13 billion in gaming revenue in April, with more than…

Land-based ・ 26 May 2022

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The Nevada Independent

Closed casinos, visitation declines hurt two Clark County gaming markets

Two North Las Vegas casinos that have been closed for 23 months and a nearly 38 percent decline in visitation to Laughlin kept the Clark County communities from meaningful participation in Nevada's record-shattering $13.4 billion gaming revenue year in 2021. According to the Gaming Control Board, the markets were the only two of Nevada's 18…

Industry ・ 07 February 2022

Review Journal

Nevada gaming win records continue to fall for state’s major casinos

The state's casinos, paced by 215 licensees in Clark County, recorded the highest gaming win revenue in Nevada history in 2021, the Gaming Control Board reported Thursday. The state's largest casinos in December also won more than $1 billion from players for the 10th straight month, extending the record that had stood for 14 years and was broken in…

Roulette ・ 21 October 2022

The Nevada Independent

Nevada casinos near all-time gaming revenue mark after strong November

Nevada casinos have recorded their third-highest gaming revenue year. And there is still one month to be added to the 2021 books. The Gaming Control Board said Wednesday that statewide gaming revenue in November was $1.32 billion, just shy of the single-month record of $1.36 billion reported in July. November's totals were a 41 percent increase…

Land-based ・ 29 December 2021

Northern Nevada Business Weekly

Nevada casinos top $1 billion for 8th straight month

Nevada casinos recorded their eighth consecutive month of over $1 billion in gaming win in October - a total of $1.22 billion statewide. That is a 48.5 percent, $399 million increase over October 2020, according to new monthly statistics released Nov. 30 by the Nevada Gaming Control Board. Clark County casinos alone recorded a billion dollars in…

Land-based ・ 03 December 2021

Northern Nevada Business Weekly

With fire fears in past, South Tahoe casinos focus on future

The $80 million Tahoe South Events Center is seen under construction near MontBleu Resort and across from Hard Rock Lake Tahoe on Oct. 11, 2021. The 132000-square facility is expected to open in late 2022.Photo: Tim Lenard / The Nevada Independent Northern California wildfires wiped away several weeks' worth of business this summer from casinos on…

New Year ・ 10 November 2021

Nevada Appeal

Despite $1 billion month, Tahoe casinos struggle due to fires

While Nevada casinos recorded their seventh consecutive month of over $1 billion in win, the joy was not universal. Specifically, South Shore casinos at Stateline were hard hit by the Caldor Fire that came within a few miles of scorching the towns of Stateline and South Lake Tahoe - including the casinos that had to shut down. As a result, South…

Land-based ・ 28 October 2021

Review Journal

June gaming win improves, but still well below normal coronavirus casino

Gaming win picked up for the state in June, the month when casinos were allowed to reopen, but totals still fell well short of normal levels, the state Gaming Control Board said Wednesday. Statewide win was off 45.5 percent compared with June 2019 to $566.8 million for the month. Clark County was down 51.4 percent to $441 million, the Strip fell…

Sports ・ 05 February 2021

The Nevada Independent

Gaming slowdown? Not in Nevada as casinos head toward a record

Nevada could shatter last year's record-breaking gaming revenue totals in just 11 months. October marked the 20th straight month of $1 billion or more in state gaming revenue, according to figures released Tuesday by the Gaming Control Board. Statewide, gaming revenue sits at $12.3 billion for the first 10 months of 2022, more than 12 percent above…

Finance ・ 29 November 2022

The Nevada Independent

Slot machine play lifts Nevada to second-highest ever revenue month

Nevada casinos fell $4 million short of tying the state's single-month gaming revenue record during March, and Las Vegas Strip casinos recorded their third-highest revenue month of all time. Analysts credited the locals' gaming markets and slot machine players with driving Nevada to its 13th straight gaming revenue month of more than $1…

Finance ・ 21 October 2022

The Nevada Independent

September gaming revenue steers Nevada casinos toward another record-breaking year

Nine months are in the books for 2022, and Nevada casinos are far ahead of last year's record gaming revenue total. Analysts say the state's gaming industry is on track to shatter 2021's single-year total of $13.4 billion in revenue before December, especially if Las Vegas Strip resorts continue to experience the positive business trends seen in…

Land-based ・ 27 October 2022