International edition
September 30, 2020

Including the Las Vegas Strip and downtown Las Vegas

Nevada casino win decreased a 5 percent in January

(US).- A Las Vegas casino fire, a soft economy and poor weather held the win for Nevada casinos in January to us$ 1.06 billion, down nearly 5 percent compared with the same month a year earlier. The state Gaming Control Board said Friday that only one major market had a strong gain during the month, while most others were down.

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ost casino markets were down - including the Las Vegas Strip and downtown Las Vegas in southern Nevada and the Reno-Sparks and Lake Tahoe in northern Nevada. Control Board analyst Frank Streshley said the Monte Carlo hotel-casino fire on the Las Vegas Strip in late January figured in the overall win decline of 4.8 percent, although that was offset in part by the grand opening of the Palazzo megaresort on the Strip earlier in the month.

Bad weather during the month resulted in some road closures, especially on routes leading to northern Nevada resorts, Streshley said. He added there were no big concerts, prize fights or other major events around the state - besides the Palazzo opening - to attract tourists. The $1.06 billion win was the amount left in casino coffers after gamblers wagered us$ 12.7 billion during January, including us$ 10.2 billion in slot machine bets and the balance on table games.

Most major markets in the Las Vegas area had lower wins compared with January 2007. That included the Las Vegas Strip, with a 1.3 percent slump. The exception was Mesquite, up 25.9 percent. In northern Nevada, clubs in Reno were down 8.6 percent while resorts on Lake Tahoe’s south shore were down 14.4 percent. Elko County, in northeastern Nevada, was down 3.8 percent - the first decline for that market in more than a year.

The win for the resorts brought the state’s tax take from the clubs to us$ 566.1 million so far this fiscal year. That’s us$ 48.2 million, or 8.5 percent, below the amount predicted last spring by the state’s Economic Forum. A breakdown showed that slots were down 5.1 percent in January while table games were down 3.9 percent compared with the same month last year.

Slots accounted for about us$ 700 million of the total win in January. That included us$ 303.1 million won by multidenomination slots, down 3.2 percent. Penny slots were second with a win of us$ 142 million, up 11.4 percent.

Live games, including poker, accounted for the balance of the January total. That included us$ 106.5 million won on blackjack tables, down 9.3 percent; us$ 40.5 million on craps, up 0.5 percent; and us$ 33.2 million on roulette, up 22.6 percent. The win on baccarat was us$ 81 million, down 10.7 percent; and the win on mini-baccarat was us$ 16.4 million, up 29.2 percent. Sports books won us$ 18 million in January, up 20.4 percent. Poker games won us$ 12.8 million, down 7.9 percent.

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