Nevada August Revenue Down 4 Percent

Card game fortunes account for big chunk of lost revenue

Baccarat has been held responsible for the 4 percent Nevada gambling revenue fall in August.

The popular card game had a bumper month in August, but is known for its big swings and volatility opined analyst Michael Lawton.

Statewide casinos yielded $920 million in August (August 2013: $955 million) said the Nevada Gaming Control Board.

$24 million of the $35 million drop statewide was attributed to baccarat revenue. Excluding baccarat, the state revenue would have dropped 1.4 percent and the Strip's revenue 2.3 percent, Lawton said.

Key performance indicators include:

– Las Vegas Strip revenues down $553 million year-on-year

– Downtown revenues were up 4 percent to $35 million

– Reno gambling revenues of $53 million, down 2 percent

– South Lake Tahoe was up 33 percent year-on-year to $28 million

Nevada State collected $51 million in taxes, down 1 percent for August 2013.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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