casinos

CARSON CITY – Nevada casinos raked in $859.2 million from gamblers in August, but it wasn’t enough to stave off a modest 3.1 percent revenue decline over August 2011, the state Gaming Control Board reported today.

Clark County was down 3.4 percent with $727 million in revenues, but the Strip was off only 1.2 percent with $490.9 million taken in on table games and slots.

Gaming profits for Carson City area casinos slid by 1.7 percent in August, the Nevada Gaming Control Board reports Wednesday. Casinos in Carson City and the valley side of Douglas County, including Minden and Gardnerville, took in $8,650,776 in August. Last year, during the same period, the casinos took in $8,801,148.
Statewide, casinos saw a 3.11 decrease in "gaming win" over the same period last year, the state's gaming regulator reports. Nevada casinos took in gaming profits of $859,240,472 for the month of August. In August 2011 it was $886,835,278.

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CARSON CITY – Nevada casinos had an impressive month in July, taking in just over $1 billion in revenue from gamblers for a 17 percent gain over July 2011, the state Gaming Control Board reported today.

It was the second $1 billion month this calendar year, which has not occurred in Nevada since 2008, said Michael Lawton, senior research analyst for the state gaming agency.

“A $1 billion month is a number that we like to see, it’s a very strong number,” he said.

Gaming profits for Carson City area casinos fell slightly by 0.19 percent in July, according to the Nevada Gaming Control Board.
Statewide, Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $1,005,876,336 for July, a 16.95 percent increase compared to July 2011, when licensees reported a gaming win of $860,076,138. The Las Vegas Strip was the big taker for Nevada casinos, with a 27.51 percent gain over 2011 figures.

Stroll around Downtown Carson City and enjoy wine tasting with a commemoriative wine glass and hors d'oeuvres for $10. Visit the art galleries, gift shops, casinos and restaurants. Purchase your glass at the Carson Nugget Casino, Cactus Jacks, Horseshoe Club or Bella Fiore Wines. Turn in your map at the Carson Nugget at 5 p.m. for prizes. The walk is from 1 to 5 p.m. and takes place the first Saturday of every month.

CARSON CITY – Nevada casinos took in $832.5 million in gaming revenue in June, a decline of 6 percent compared to the same month a year ago, the Gaming Control Board reported today.

The win was about $53 million less than June 2011 as casinos tried to build on the win in June 2011, which was up 16 percent over June 2010.

Gaming revenue, known as "win" for Carson City area casinos, saw a slight increase of 1.11 percent for the month of June, the Nevada Gaming Control Board reported Thursday.
Carson City area casinos, which includes Minden and Gardnerville in Douglas County, took in in $8,229,305 in June compared to $8,136,730 during the same period last year.
Meanwhile South Shore Lake Tahoe area casinos posted a 17 percent increase for the month of June, taking in a "win" of $16,555,235 in June of this year compared to $14,128,801 during the same period in 2011.

Lake Tahoe was named the “Best Lake in America” in a recent readers' poll by USA Today. Editors narrowed national nominations to the top 16; readers weighed in and the largest and most popular alpine lake in North America took home top honors by garnering more than 5,000 votes via Facebook and Twitter.
Go here for the story.
Lake Tahoe is recognized for its timeless beauty and an international reputation as an outdoor recreational Mecca. The combination of great outdoors, entertainment, nightlife, dining and gaming identify its unique character.

Carson Valley area casinos reported a drop in monthly gaming "win" for May, according to the Nevada Gaming Control Board on Thursday. Casinos in Carson City, Gardnerville, Minden and others in Douglas County except Lake Tahoe report a 9.98 percent decrease compared to May 2011. Casinos in May took in $8,248, 755. In May 2011 the "win" was $9,162,840.

The Lake Tahoe region will celebrates Independence Day holiday with multiple fireworks displays from virtually all points, with the first show set to kick off July 3.

“North Lake Tahoe is unique in that we have a series of fireworks events held throughout the region,” said Chief Marketing Officer Andy Chapman of the North Lake Tahoe Chamber/CVB/Resort Association. “Visitors to the area can take their pick in terms of when and where or enjoy more than one show during their stay.”

Clark County casinos did very well in April, overcoming a bad month in northern Nevada to push the statewide gaming win up 6.1 percent over the previous year.

The Carson Valley gaming region, which includes Carson City, was down 3 percent. Washoe County was down 15.4 percent. On the plus side, North Las Vegas posted a 43.3 percent increase, and downtown Las Vegas was up 24.9 percent.

CARSON CITY – Nevada’s casinos returned to their winning ways in April, posting a statewide total win of $855.7 million for a 6.2 percent gain over April 2011, the Gaming Control Board reported today.

Clark County overall was up 8.9 percent in April to $743.7 million while the rest of the state did not fare as well. Washoe County was down 15.5 percent, South Lake Tahoe was down 4.4 percent and Elko County was down 2.3 percent.

The University of Nevada, Reno’s Sudeep Chandra, a leading Lake Tahoe scientist who has studied invasive species and limnology at the lake for 20 years, said issuing permits for commercial harvesting of crayfish at Lake Tahoe will help improve clarity at the pristine lake, as well as take away a food source for other invasive species that threaten lake clarity and ecosystems.

CARSON CITY – Political Action Committees formed by state lawmakers to help their candidates win seats in the Legislature are off to a slow start in fundraising, according to campaign finance reports filed this week with Secretary of State’s office.

Many of the lawmaker-created PACs reported no contributions in the first campaign contribution and expense report filed Tuesday and reflecting financial activity from Jan. 1 through May 18 of 2012.

CARSON CITY – Republican candidates have big leads in fundraising in four of five seats considered critical to control of the state Senate in the 2013 legislative session, with a slight monetary advantage in the fifth, according to campaign contribution reports filed this week.

Both Democrat and Republican caucus leaders are fighting hard to win the seats to control the 21-member house where Democrats now lead 11-10.

CARSON CITY – Nevada’s casino winnings took a tumble in March after two strong months in 2012, dropping 10.9 percent compared to March 2011, the Nevada Gaming Control Board reported today.

The decline was led by Clark County markets, including the Las Vegas Strip, which was down 14.9 percent over March 2011.

CARSON CITY – A broader measure of Nevada’s unemployment picture, including those who have given up looking for work, showed slight but continued improvement through the first quarter of 2012, a federal report released today shows.

The rate in Nevada dropped from 22.7 percent in the four quarters through Dec. 31, 2011, to 22.3 percent through March 31, according to the quarterly report from the U.S. Bureau of Labor Statistics.

CARSON CITY – A Carson City District judge today rejected an initiative petition proposing to create a new and higher rate of taxation for Nevada’s largest casinos, finding that the 200 word description of effect of the measure was misleading.

In rejecting the petition, Judge James Todd Russell said he did not believe he had the authority to rewrite the description himself.

CARSON CITY – Nevada casinos won $932.2 million in February for a 5.7 percent gain over the same month in 2011, even without the Chinese New Year event that annually brings high rollers to the Las Vegas Strip, the Gaming Control Board reported today.

CARSON CITY – The president of the powerful state teachers union said today she is “excited” that another labor organization, the AFL-CIO, plans to pursue a business profits tax initiative petition.

“It will be a big deal,” said Lynn Warne, head of the Nevada State Education Association. “We’re excited that Danny (Thompson, executive secretary-treasurer of the Nevada State AFL-CIO) has decided to move forward with this. Anything we can do about funding our schools adequately in this state is great.”

CARSON CITY – State AFL-CIO leader Danny Thompson said today his labor group is moving forward with a broad-based business profits tax ballot measure to raise money for education.

Thompson, interviewed on the Nevada NewsMakers television program, said the proposal will go forward as a petition to amend state law, which would first be considered by the Legislature in 2013. If the Legislature did not approve the measure within 40 days, it would go to the voters in 2014.

MontBleu Resort Casino & Spa in Stateline, Nev., Lake Tahoe announced today that Jef Bauer, General Manager, resigned effective immediately.
Bauer served as General Manager since October 2010, according to a news release. A reason was not given.
The company is currently reviewing potential candidates for the position and plans to announce its new general manager in the near future. In the meantime, the South Tahoe property will continue its successful direction of aggressive promotions, entertainment, nightlife and tradition of fun for visitors and locals, alike, according to the release.

CARSON CITY – It was the month the Nevada gaming industry and state political leaders were waiting for: the casino industry won more than $1 billion from gamblers in January, a double-digit rise fueled by a nearly 30 percent increase on the Las Vegas Strip.

The reason:  The Chinese New Year came in January instead of February this year. The celebration, which brings high rollers into Nevada’s casinos, ran from Jan. 23 to 29.

All areas of Clark County posted gaming win increases for January, leading to an 18.37 percent gain statewide over prior year.

The Gaming Control Board report released today showed that casinos on the Las Vegas Strip took in $623,512,323 in January, a 29.16 percent increase over the year before.

CARSON CITY – There are a few withdrawals in vacation destinations like New Orleans and Hawaii. There are a few from such tourist locations as Angel Stadium in Anaheim, SeaWorld San Diego and Pier 39 in San Francisco.

There are about 1,600 withdrawals in more than 35 states and the territory of Guam. And there are about 100 withdrawals at liquor stores and quite a few at Nevada casinos or slot parlors.

CARSON CITY – Long-time political consultant and former state lawmaker Pete Ernaut said today that efforts to use the ballot box to set tax policy could handcuff the ability of the governor and Legislature to make critical decisions on the future of the state.

CARSON CITY – Gov. Brian Sandoval said today he opposes the initiative petitions filed by Las Vegas businessman Monte Miller to raise gaming and mining tax rates.

“I believe initiative petitions are a poor way to set tax policy,” Sandoval said when asked about the measures that could eventually go before Nevada voters. “I’ve advised Mr. Miller, who is a friend, that I do, respectfully, oppose the petitions.

“For an issue of that import I think it is critical that it would be debated at the legislative level and not be of the initiative petition process,” he said.

CARSON CITY – Nevada’s casinos brought in $855.7 million in gaming revenue in December 2011 for a 2.1 percent gain over the same month in 2010, the state Gaming Control Board reported today.

The Las Vegas Strip saw a 3.6 percent gain, bringing in $518.4 million.

CARSON CITY – Las Vegas businessman Monte Miller said today he is seeking a hike in the gaming tax for the state’s largest casinos to offer the Legislature and voters one more revenue option in the face of a possible Texas-style margin tax that could appear on the ballot.