Gambling Revenues For Las Vegas Strip Casinos Plunge 12.8 Percent
November 2012 Brutal Month For Nevada Casino Industry
Nevada’s casinos, statewide, experienced a 11.08-percent fall in gaming revenue in November when compared to the same period in 2011.
The state’s Gaming Control Board released a monthly win report Thursday morning.
Total win for Nov. 2012 was $782,626,620. Licensees reported $880,127,660 in Nov. 2011.
Clark County, home to Las Vegas, dropped 12.99 percent. Strip properties fell at a 12.80-percent clip. The largest decline was the Boulder Strip, which slid 26.38 percent.
Dr. David Schwartz, director of the Center for Gaming Research at the University of Nevada Las Vegas, Tweeted Thursday that Strip revenues did grow by 1.4 percent over the past 12 months, but that “most projected growth at double that for 2012.”
Statewide gaming revenues had experienced two months of gains before November’s numbers were released. For the fiscal year (July 1, 2012 through Nov. 30, 2012), gaming win increased 1.51 percent year-over-year. The final numbers for 2012 are not yet in.
|1||Damon Impersonates Malkovich From 'Rounders'|
|2||Someone Paid €110,000 To Player Poker With Ed Norton|
|3||Jon Turner Wins CPPT Venetian Main Event|
|4||CPPT Venetian: Thomas Paul Leads Final 16 Players|
|5||CPPT Venetian: Erick Lindgren Leads Final 62 Players|
|6||Vegas Bookmaker Fined $1.5M, CEO To Resign|
|7||Poker Strategy: Beware Of Unforced Bets|
|8||Poker Strategy With Ed Miller: Three Bet-Sizing Tells|
|9||Caesars In Talks To Sell CIE, But Would Keep WSOP|
|10||Jon Little: Top Poker Pro Becomes Top Instructor|
|1||Poker Pro Folds Quads To All-In Bet In Main Event|
|2||Final Nine Set For 2016 WSOP Main Event|
|3||Fedor Holz Wins 2016 WSOP $111,111 High Roller|
|4||Man Runs Up $10K Into One Drop Buy-In Playing BJ|
|5||Phil Ivey Enters First And Only WSOP Event In 2016|
|6||Raymer Not Impressed By Being Last Former Champ Left|
|7||Mercier Proposes To Girlfriend At Final Table|
|8||Man Pays $10K To Enter Ladies Event At 2016 WSOP|
|9||2016 WSOP Main Event: 80 Players Remain After Day 5|
|10||Money Bubble Bursts In 2016 WSOP Main Event|