Gaming Take Falls in Most Nevada Markets

LAS VEGAS-The statewide gaming take at the state's casinos declines almost 5% in a year-over-year comparison, with only two markets showing an increase.

By Bob Howard | Updated on September 15, 2010

LAS VEGAS-The statewide gaming take at Nevada’s casinos declined almost 5% to $829.6 million on a year-over-year basis in July, with only one market showing an increase, according to newly released figures from the Nevada Gaming Control Board. On the Las Vegas Strip, an analysis by CB Richard Ellis gaming experts showed that gaming revenue was flat in July, up 2.2% year-to-date, and up 0.4% in the trailing 12-month period compared to the 12 months that preceded it.

North Lake Tahoe and Mesquite were the only two of the 19 submarkets tracked by the gaming board that showed an increased take for the month, with North Lake Tahoe up by 2.23% and Mesquite by 0.35%. The declines in the other markets ranged from 0.51% to 23.56%. The take for the Las Vegas Strip, the largest of the 19 markets, was flat at $461.3 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2023 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.

Dig Deeper

Recommended Stories

Many Bet That the Federal Reserve Will Cut Rates Soon

Erik Sherman | November 29, 2023

Even though the Fed has repeatedly said that it’s too early to claim victory.

Experts Analyze the Pandemic's Impact on CRE Companies

Natalie Dolce | June 05, 2023

How Phillips, Edison & Co. thrived by aligning culture with remote work and how Marcus & Millichap CEO examines the future of human interaction in a remote world.

One Week Left to Nominate a Top CRE Workplace

Ingrid Tunberg | November 29, 2023

Nominate your company to be recognized as one of the industry’s best places to work. The submission deadline is December 6!

Resource Center

HVAC use accounts for 50% of the total energy consumption of your commercial office buildings. Why wouldn’t you optimize its efficiency? Download this white paper and learn how you can slash costs, enhance tenant satisfaction, and boost sustainability.

Report

Sponsored by Building Engines

The ROI of HVAC Optimization in Commercial Office Buildings

HVAC use accounts for 50% of the total energy consumption of your commercial office buildings. Why wouldn’t you optimize its efficiency? Download this white paper and learn how you can slash costs, enhance tenant satisfaction, and boost sustainability.

Browse More Resources ›

This white paper delves into the alarming surge in renter fraud within the multifamily housing sector. Discover the various drivers behind these trends and how you can stay ahead of the evolving fraud landscape.

White Paper

Sponsored by TheGuarantors

Addressing the Surge of Renter Fraud in Multifamily Housing

This white paper delves into the alarming surge in renter fraud within the multifamily housing sector. Discover the various drivers behind these trends and how you can stay ahead of the evolving fraud landscape.

Browse More Resources ›

What are your goals as an asset or property manager? This interactive tour walks you through customizing your own platform to help meet your goals such as maximizing revenue, optimizing operations, adding value to your properties, and attracting the right tenants.

Interactive Resource Center

Sponsored by Building Engines

How Prism helps CRE Managers Exceed Goals

What are your goals as an asset or property manager? This interactive tour walks you through customizing your own platform to help meet your goals such as maximizing revenue, optimizing operations, adding value to your properties, and attracting the right tenants.

Browse More Resources ›

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2023 ALM Global, LLC. All Rights Reserved.