With the latest disappointing land casino results in from Nevada, it's likely that operators in the gambling state will be hoping for a boost to revenues following this (June) month's World Series of Poker currently running in Las Vegas.

The latest statistics show that statewide revenues endured a seventh straight month of double-digit declines, with April recording the sixteenth consecutive month that gaming revenues headed downhill compared to the previous year.

Statewide, gaming revenues reached $859.4 million during the month, compared with $1 billion in April 2008.

So far, for the first four months of 2009, casino revenues statewide are down 14.6 percent.

"We were disappointed with the number because we were comparing with a 5 percent decline a year ago," said Frank Streshley, chief of the Gaming Control Board's tax and license division, reporting the April figures on Friday.

On the Strip, gaming revenues were $441.3 million in April, a decline of 15.8 percent. Revenues are down on the Strip 16.6 percent for the (2009) year to date.

Customers gambled $2.2 billion in April on table games, which was an increase of less than 1 percent from a year ago. However, casino revenues from table games was $251.6 million, a decline of 20.5 percent. The hold percentage for tables games was 11.45 percent compared with 14.47 percent a year ago. Streshley estimated that if casinos held the same percent they did a year ago, gaming revenues would have been $66 million higher.

"Luck definitely played a factor and had a huge impact on gaming revenues," the official said.

Revenues from slot machines were $596.2 million, a decline of 11.2 percent. Gamblers wagered $9.7 billion on slot machines in April, a decrease of 7.9 percent from a year ago, while the hold percentage on slot machines was 6.17 percent, compared with 6.4 percent in April 2008.

Gaming taxes based on the April casino revenues fell 5.9 percent to $51.8 million, and gaming tax collections in the fiscal year are down 14.6 percent.

Live activity feed

Swipe left or right to see more

lcb activities in the last 24 hours

  • 41
    new members
  • 597
    members online
  • 15784
    guests online
  • 124
    new posts
  • 7319
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results