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16 Months of Loss for Las Vegas Strip Casinos

Tuesday, June 09, 2009

LAS VEGAS, Nevada -- As reported byt the Las Vegas Sun: "For the 16th straight month, gambling win on the Las Vegas Strip tumbled, falling 15.7 percent in April with only penny and $100 slot
  machines showing a gain.

The state Gaming Control Board reports the 41 casinos on the Strip won $441.3 million, computed before expenses and taxes. And over the past 12 months, the gaming win has been down 15.1 percent.

North Las Vegas and Boulder Strip casinos in Clark County produced an increase in the state in the year-to-year comparison.

The board said casinos statewide won $859.4 million, down 14 percent from April 2008.

Frank Streshley, chief of tax and licensing for the board, said players were luckier this year on the table games. If the casinos had held the same amount as April 2008, they would have collected $66 million more.

On the Strip, which accounts for more than half of the state's gaming revenue, the penny slot machines won $56.5 million, an increase of 12.9 percent compared to the same month in 2008. And the $100 slots reported a win of $2 million, an increase of 29.8 percent.

Slot win overall decreased by 11.2 percent on the Strip. The gross win in the 21 games declined 28.5 percent; Craps was off 19 percent and the sports pool win fell by 31.2 percent..."

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