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Reno Gambling Revenues Down


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Courtesy of aresauburn/flickr
Courtesy of aresauburn/flickr    

The latest revenue numbers are in for Nevada casinos. Washoe County didn’t have the same luck as southern Nevada…and that doesn’t bode well for the region’s economy.


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(Sacramento, CA)
Tuesday, June 12, 2012

The Nevada Gaming Control Board says Reno casinos brought in $38 million in April, down about 19% from last year. Washoe County overall saw revenue drop 15%.

"It's more than I would've anticipated and if you take out the Las Vegas strip, Nevada didn't look good."

Ken Adams is a Reno-based gaming analyst for CDC Consulting.

Adams says three factors are affecting northern Nevada gambling: the economy, high-gas prices and competition from Indian casinos...

"…and as you know, California has a considerable amount of casino gambling. So, Reno is facing all those factor all at once."

South Lake Tahoe also saw a 4% drop in revenue from last year.

Statewide, Nevada gambling revenue is actually up more than 6% compared with last year…thanks to big increases in Las Vegas.

 

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