"Nevada Gaming Revenues Fall 12.48% in July"

Via:PokerNewDaily.com "While the economy may be picking up steam worldwide, news from Las Vegas revealed that Nevada casino gambling revenues were down 12.48% in July year over year. Statewide, the Nevada Gaming Control Board reported revenues, or “win,” of $872 million."

"In July of 2008, casinos reported a win of $997 million. In Clark County, which includes Las Vegas, revenues two months ago were $729 million, off 10.92% year over year from the $819 million recorded in 2008. On the Las Vegas Strip, where poker-friendly resorts like the Bellagio and Venetian can be found, revenues came in at $461 million in July, a drop of 11.14% compared to the same period last year. July saw an influx of visitors to the Rio and other Harrah’s resorts for the 2009 World Series of Poker (WSOP), which kicked off its Main Event on the 3rd of the month."

"In Downtown Las Vegas, which includes the Golden Nugget, the setting for the first and fifth seasons of “High Stakes Poker,” and the L.A. Comedy Club at the Four Queens, which was featured in the most recent installment of G4’s “2 Months, $2 Million,” revenues came in at $39.8 million in July. That figure represented a dive of 11.54% in comparison to the same period in 2008. Besides the Golden Nugget and Four Queens, other Downtown Las Vegas casinos include former WSOP home Binion’s, the Las Vegas Club, Main Street Station, and Fitzgerald’s."

"In North Las Vegas, revenues rose in July year over year by 7.41%. The area recorded a win of $23.6 million during the month, a growth from the $22.0 million in July of 2008. North Las Vegas was the only area to report an increase in revenue in 2009. In Laughlin, which is also located in Clark County, revenues fell 18.57% to $39.3 million, down nearly 20% from the $48.2 million recorded in 2008. Also hurting were the Boulder Strip and Mesquite, which reported declines in revenue of 6.80% and 19.50%, respectively. The Boulder Strip includes establishments like Green Valley Ranch and Sam’s Town, while CasaBlanca and the Eureka Casino call Mesquite home." Read Full Story