CARSON CITY, Nev. — Nevada casinos had a record November, winning $862.1 million from gamblers for a 12.9 percent gain compared with the same month a year earlier, the state Gaming Control Board reported Tuesday.
The win for slot machines during the month was up 22.3 percent, offsetting a 6.7 percent slump in the win for table games. Every major casino market except for clubs in Sparks had a positive month.
Gov. Kenny Guinn said the overall win marked the fourth consecutive double-digit gain for casinos, and was very strong given an "unfavorable calendar" that resulted in two fewer weekend days in this November compared with November 2003.
Frank Streshley of the Gaming Control Board said regulators hadn't anticipated such a high win given the drop in weekend days plus the loss of the COMDEX trade show in Las Vegas.
The win was the amount left over after gamblers wagered $12.3 billion during November. That included $10.2 billion in slot machines and the balance on table games.
"Win" is a gross figure, with no operating costs or other expenses deducted. And it's casino revenue only — separate from hotel, restaurant or bar revenues generated by the resorts.
The state collected $54.6 million in percentage fees based on the November win, up about 16 percent compared with the fees collected for the same month in 2003. The fees so far this fiscal year are 5.9 percent higher than the amount predicted by the state's Economic Forum last year.
Las Vegas Strip resorts accounted for $423.9 million of the total win, up 9.3 percent. Downtown Las Vegas was up 10.2 percent, while North Las Vegas was up 24.9 percent and the Boulder Strip was up 40.6 percent.
In northern Nevada, Reno clubs were up 3.8 percent while Sparks casinos were down 0.4 percent. Stateline casinos on Tahoe's south shore were up 5 percent.
Streshley said the positive numbers for Reno and Stateline were surprising given the fewer weekend days plus storms during the Thanksgiving holiday.
The $862.1 million statewide win during November included $615.5 million from slot machines and $237.8 million from table games.
Games that produced the most revenue included blackjack at $96.8 million, up 12.2 percent; craps at $35 million, up 19.4 percent; and baccarat at $21.8 million, up 18.5 percent. Poker games won $8.8 million, up 52 percent; and sports betting operations lost about $1 million, down 103 percent.
Slot revenues included $186.5 million from multidenomination slots, up about 90 percent. Dollar slots won $97.6 million, up 11.1 percent; quarter slots won $140.7 million, down 0.2 percent; and nickel slots won $92.2 million, down 9.6 percent.
Posted in Travel on Wednesday, January 12, 2005 12:00 am
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