Nevada casino revenue dipped slightly in April but is holding sturdy for the initial 10 months from the fiscal year.
The Nevada Gaming Control Board reported today that revenue was $854.2 million, down 0.16 percent compared to precisely the same month of a year ago.
For the fiscal year, tax collections totaled $621.two million, up three.two percent from the preceding year and $2.three million more than projected by state budget analysts.
Revenue in April 2012 was up 6.two % from 2011, so “it was a challenging comp,” said Michael Lawton, senior analysis analyst for the board.
Las Vegas Strip casinos reported income, before taxes and expenses, of $448.five million, down two.3 % in comparison with the identical month in 2012 when winnings have been up 7.4 %.
There was also 1 less Sunday in April compared to a year ago.
Lawton said for the initial 10 months in the fiscal year, gaming revenue was up 2.four percent statewide and 5 percent on the Las Vegas Strip, which does more than half the state’s gaming business.
“For the fiscal year, we’re sitting fairly superior,” Lawton stated.
Downtown Las Vegas casinos reported a 6.9 percent decline in revenue, and North Las Vegas was off 11.4 percent. Mesquite fell 4.7 %, but the other places in Clark County all showed increases.
Laughlin had an 11.4 % raise; the Boulder Strip was up five.7 % and the remainder of Clark County rose two %.
For the second straight month, Washoe County casinos posted a strong win, with revenue up ten percent. Lawton stated this was as a consequence of the significant men’s and women’s bowling tournaments being held there.
South Lake Tahoe posted a 14.eight percent obtain in income; Carson Valley was down two.six percent, and Elko County fell three.8 %.