(For more retail coverage, click GlobeSt.com/RETAIL.)

LAS VEGAS-Gamblers in Nevada lost more than $1 billion atcasinos in December 2006, 17.1% more than they handed over inDecember 2005, the state's Gaming Control Board said on Friday. Thesecond billion-dollar, double-digit growth month in a row for theindustry helped balance out some soft months in the fall and putthe industry 7.22% ahead at the mid-point of its 2007 fiscal year,which began July 1, 2006.

On the Las Vegas Strip, which generates more than half of thestate's overall gambling win every month, casinos reported a gamingwin of $610 million in December 2006, and increase of 23.4% fromDecember 2005. Through the first half of the year, Strip gamingrevenue was $3.38 billion, 9.6% ahead of fiscal year 2006.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.