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.
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