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No Increase in Gaming Revenue in Nevada in November

No Increase in Gaming Revenue in Nevada in November

Las Vegas isn't what it used to be, at least in terms of revenues and amount of people travelling to the popular holiday destination every year. Ever since Macau became a popular gambling destination, the revenues has gone down significantly in Las Vegas and so has the amount of people travelling there.

So when revenues aren't going down in months, the casino's and gaming commission in Nevada are quite pleased. So despite the revenues being more or less the same in November compared to the same month the year before, it is far from a bad result.

In total the Nevada Gaming Control Board announced that the casino's in the state had revenues of around $876 million in November, which was an increase of 0.1% year-on-year. It wasn't the Las Vegas strip casino's who helped with the increase, as their revenues went down 4% year-on-year to $508 million.

Instead it was the downtown casino's revenues who helped the bottom-line in the state, as their revenues increased a massive 13% to $43 million. Reno Casino's revenue went down a little less than 1% to $43 million, while South Lake Tahoe gaming revenues went down a massive 30% to $12 million year-on-year.

The state of Nevada collected only $47 million in taxes in November, which is a decrease of 5% compared to November of 2013.