Nevada casino revenue down 11 % in November

The Nevada Gaming Control Board reported last week that statewide gross win -before taxes and business expenses - totaled us$ 782.6 million, the first time revenue has dipped below us$ 800 million this year.

Revenue on the Strip fell to us$ 431.8, also its lowest point of the year. All other areas in Clark County reported declines, too. Statewide, the gross win at sports books dropped 151.2 %, with casinos reporting a loss of 1.5 %.

The board said baccarat winnings fell by 19.8 % and the slot win declined 7.7 % statewide. Taxes collected from the casinos fell to us$ 45.7 million, a 20.2 % decline for the month. For the fiscal year, collections were us$ 326.7 million, a gain of 1.4 %.

At Las Vegas Strip casinos, revenue from sports books fell 47.5 %. The baccarat win dropped 25.1 % to us$ 55.4 million, and slot machines were off 10.2 %. The blackjack win was off 23.3 %, and craps was off 22.9 %. The only gain in a major game was in roulette, which was up 11.6 % at Strip casinos.

The board reported that downtown Las Vegas casinos won us$ 38.5 million, down 17.2 %; North Las Vegas casinos had a gross win of us$ 17.9 million, down 24.2 %; and revenue at Laughlin casinos fell 2 % to us$ 37.8 million.

Casinos on the Boulder Strip reported a decline of 26.3 %, with us$ 52.7 million in gross winnings; Mesquite fell 1.3 % to us$ 9.7 million; and the balance of the county had us$ 83.4 million in gross winnings, a decline of 3.9 %. One of the only bright spots in Nevada was South Lake Tahoe, which saw a 26.6 % gain to us$ 17.7 million.

Revenue from casinos in Washoe County, which includes Reno, fell 3.1 % to us$ 51.8 million, and Carson Valley casinos registered revenue of us$ 7.4 million, down 3.4 %.