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||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|2||Man: Assaulted When Booted From Casino|
|3||Macau's Minimum Bet Dwarfs Vegas' Figure|
|4||Poker Strategy: The Trouble With War|
|5||The Next Poker Boom May Happen In China|
|6||Icahn: Taj Mahal 'Will Almost Certainly Close'|
|7||A Poker Life: Joe Kuether|
|8||The Poker Lottery|
|9||Poker Hand of the Week: What's Your Play?|
|10||Boston Globe: 'Pull Plug On Flawed Casino Law'|
|1||Judge: Poker Pro Phil Ivey Cheated At London Casino|
|2||WATCH: Man Cracks Opponent's Aces, Rubs It In|
|3||Phil Ivey's Rough Week Continues|
|4||Doug Polk Calls Out Daniel Negreanu|
|5||Iowa Police Steal $100K From Poker Players|
|6||Phil Ivey Gives Interview To 60 Minutes|
|7||Phil Ivey's 'Ivey Poker' Closes Virtual Doors|
|8||Poker Pro Matt Smith Wins DraftKings Millionaire Maker|
|9||Phelps Was Gambling Right Before DUI|
|10||Gambler On Tilt Makes Comment About Ebola|