As economy churns, state gaming win heads higher

Stutz, Howard
December 2007
Las Vegas Business Press (10712186);12/17/2007, Vol. 24 Issue 51, p8
The article reports that the gambling industry of Nevada collected an all time monthly revenue of more than $1.64 billion in October 2007. Gaming win for the first four months of the fiscal year was up by 5.8 percent. Despite the gain, gaming taxes collected were 4 percent lower than forecasted. The discrepancy could be due to deferred collection of gambling revenues.


Related Articles

  • Atlantic City could learn a lot from turnaround in Nevada. Schwartz, David G. // Las Vegas Business Press (10712186);12/17/2007, Vol. 24 Issue 51, p29 

    The author comments that gambling executives are overreacting to reports of revenue falls. He argues that a drop in revenue does not speak a lot of what lies ahead of the industry. For instance, the Nevada gambling industry has prospered despite of a series of revenue drops caused by the...

  • Clark County gaming revenue passes $1 billion mark.  // Las Vegas Business Press (10712186);12/17/2007, Vol. 24 Issue 51, p32 

    This section offers news briefs relevant to the Nevada gambling industry and U.S. monetary policy. The revenue of the Clark County gambling industry increased by 12.5 percent in October 2007. The Las Vegas Convention and Visitors Authority (LVCVA) reports that the number of visitors to the Las...

  • Room for Optimism. Green, Marian // Slot Manager;Jan/Feb2011, p4 

    The author reflects on the optimistic outlook for the gaming industry in Nevada in 2011 based on the report by PricewaterhouseCoopers LLP. She mentions the 11% increase in gaming revenues during October 2010 as a sign of recovery. PricewaterhouseCoopers noted in the report that the market is...

  • Gross Gaming Revenue.  // Business Press: Serving Southern Nevada;1/17/2005, Vol. 22 Issue 3, p3 

    Reports on the financial performance of the gaming industry in Clark County, Nevada as of November 2004. Information on the gross revenue increase in the industry; Details of the gaming performance in the region from domestic and international travelers.

  • Casinos contribution to state falls by $2M.  // Inside Tucson Business;8/4/2008, Vol. 18 Issue 10, p4 

    The article reports on the decrease of revenue from the 22 Indian casinos for the quarter ending June 30, 2008 in Arizona. According to the state's Department of Gaming, the revenue of the casinos decreases by 7.5 percent compared to similar three months in 2007. As a result, state revenues from...

  • stat of the week: September splash.  // New Orleans CityBusiness (1994 to 2008);11/6/2006, Vol. 27 Issue 19, p33 

    The article reports on the increase in revenue for September 2005 of the three New Orleans, area casinos. The three casinos include Boomtown New Orleans, Treasure Chest, and Harrah's New Orleans. Compared to September 2004, the revenue of Boomtown increased by 73.1 percent, 17.1 percent for...

  • CHAPTER 15: MARKET ASSESSMENT. Miller, Richard K.; Washington, Kelli // Casinos, Gaming & Wagering;2010, p143 

    The article provides a market assessment of lottery in the U.S. as of 2009. Lotteries are allowed in 42 states and the District of Columbia which represents 61.8 billion U.S. dollars in sales and 17.9 billion dollars in profit for 2009. New York, Massachusetts and Florida top the list of states...

  • Off to the RACES. Berosh, Craig // International Gaming & Wagering;Dec2008, Vol. 29 Issue 12, p21 

    The article reports on the financial performance of state video lotteries in Oregon and Delaware. It states that in Delaware, where video lottery products have been in operation since 1995, overall lottery revenue for 2008 has dipped a little more than three percent compared to 2007. While...

  • Correction. Doocey, Paul // International Gaming & Wagering;Nov2007, Vol. 28 Issue 11, p12 

    This article discusses how the news that Macau's September 2007 gambling revenues were increased only 55 percent over the same period in 2006 led to a massive stock sell-off of gaming companies heavily invested in the region. The catalyst for the slowdown was the preliminary release of a report...


Read the Article

Other Topics