Poker Coverage: Poker Legislation Poker Business Poker Tournaments

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.

Tags: Nevada,   Las Vegas,   Strip,   Casinos,   Poker Business

Most Viewed Articles

1 Phil Ivey Now Down $5.1 Million Under His 'Polarizing' Online Poker Screen Name
2 Gambler Finally Hits Vegas Slot Machine That Hadn't Paid Out Jackpot In 15 Years
3 Study: You're Like A Pigeon When You Play Poker
4 Maryland Casino Says Former Employee Stole 'Highly Confidential' List Of High Rollers
5 Allen Kessler Wins 2014 World Series of Poker Circuit Foxwoods Main Event
6 Man Carjacks Vehicle From Golden Nugget Atlantic City, Returns Hours Later To Carjack Another And Gets Caught: Police
7 Poker Hand of the Week: 8/27/14
8 Texas Station Closes North Las Vegas Poker Room
9 2014 CarbonPoker Card Player Player of the Year Update -- Dan Smith and Jason Mercier Join Top 10
10 Poker Strategy With Ed Miller: Reverse Bet Sizing Tells