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December 12, 2006

Nevada Gaming Win: Up Again

Posted by Hunter

The October gaming win figures for Nevada were up again - barely - after a huge October in 2005.

Interestingly enough, the Strip was actually down a bit with holds not as high as in previous months.

Some 'locals' play saved the numbers from being down overall.

http://www.reviewjournal.com/lvrj_home/2006/Dec-12-Tue-2006/business/11359905.html

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Categories: Business of Gaming, Downtown Las Vegas, Las Vegas Strip


Comments

Read archived comments (2 so far)
December 12, 2006 2:50 PM Posted by detroit1051

"Heavy slot machine play saved the bottom line for most casino venues. Slots generated $734 million in October, a solid 7.2 percent more than in October 2005."
Yes, but slot Hold was higher. Merrill Lynch:
"Slot win strengthens on increased hold percentage
Total slot win for the Strip (58% of total win) increased 5.5% Y/Y in October to $307.2M. This growth was primarily a result of a 76 bps Y/Y increase in hold percentage, while was offset by a -4.9% decrease in gaming devices and a -5.3% decline in slot drop. Win per slot per day increased 11% Y/Y this month against a tough comp of 20% last October."
http://www.gamingtoday.com/index.cfm?articleid=17413&AIN=731346

December 12, 2006 10:27 PM Posted by Vegas Junky

They took in $1.062 billion in gaming wins. WOW! No wonder they can affoard all the flash.