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Posted: Friday, 09 May 2008 2:36PM

Slight Drop for Nevada Gaming Revenues

Nevada casinos appear to be doing all right in the face of the national economic slowdown. New figures from the Gaming Control Board show the state's casinos took in just over a billion dollars during March. That's down about 2% compared to March 2007. But for the fiscal year so far, Nevada casinos are about even compared with the same period a year earlier. Casinos on the Las Vegas Strip saw revenues fall nearly 5% in March, but downtown Las Vegas casinos actually increased wins by about 3%. Casinos in Reno area suffered a nearly 4% decline, while North Lake Tahoe casinos saw revenues drop by close to 23%. Gaming tax revenue fell by just over 11% in March, and is lower than what was forecast. A drop in gaming revenues is one of the main reasons Nevada has a budget deficit of just over $900 million for the fiscal year ending in June 2009.


TM & Copyright 2008 KXNT Radio Inc.
 
 
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