Las Vegas Gambling Revenue Thwarted By Lucky Vegas Baccarat Gamblers

Las Vegas GamblingLas Vegas real estate gambling revenue in October by less than one half of 1 percent from October 2005, the Nevada Gaming Control Board reported. The small revenue growth is due to the lucky baccarat players’ good luck on the Las Vegas Strip.

The state’s gaming revenues, more than half, are generated by casinos on the Las Vegas Strip, which saw gaming revenues decline more than 5% in October to $532.19 million. For the fiscal 2007 year-to-date, gaming revenue from the Las Vegas Strip remains about 3% ahead of fiscal 2006. In Downtown Las Vegas real estate, gaming revenues were off by 1.67% to $59.69 million in October and are off by more than 7% for the fiscal year-to-date.

Las Vegas casinos in Nevada reported an October gaming win of $1.063 billion dollars, up from $1.059 billion in October 2005. Fiscal 2007 year-to-date gaming revenues (July 1 to –Oct. 31) are 3.3% ahead of fiscal 2006 but are 6.2%. 

Other parts of Clark County saw double-digit growth in gaming revenues occurred in including North Las Vegas (12.43%), the Boulder Strip (13.56%) and Mesquite (19.99%). In Washoe County, which includes Sparks, Reno, and North Lake Tahoe, gaming revenues were down across the board. On a fiscal year-to-date basis, only Sparks, Nevada real estate remains ahead of the previous year.

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Las Vegas gambling revenue thwarted by lucky baccarat players on the Las Vegas Strip.

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