Category: Gaming

April Gaming Decline

Properties along the Colorado River in Laughlin reported a gaming take of $41.2-million for the month of April. That’s down 3.85% from April of last year. Total gaming revenue reported for the state of Nevada in April was just above $876-million, a 2.4% decline from the same month in...

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November Gaming Gain

Casinos in the Colorado River community of Laughlin enjoyed a gaming revenue increase during the month of November. The Nevada Gaming Control Board reports that Laughlin casinos reported a gaming take of $38-million, up just above three percent from November, 2014.  The statewide gaming win for November was $944-million, up 7.76% from the same month the previous...

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Gaming Revenues in Laughlin up in August

The Laughlin gaming market has bounced back from a sluggish showing in July, posting a 6.4 percent increase in revenues in August. According to figures released by the Nevada Gaming Control Board , Laughlin’s 10 casinos reported $35.1 million in gaming revenues in August. That compares to the $33.0 million that was reported during the same month last year.  August’s report marks the eighth time in the last year that Laughlin has reported positive gains in monthly gaming revenues. Elsewhere in Nevada, gaming revenues for the month of August were mixed with southern Nevada markets outperforming their counterparts in the northern part of the state, however, the state’s largest market– the Las Vegas Strip– reported a 4.7 percent decrease. Casinos in downtown Las Vegas, North Las Vegas, and along the Boulder Highway in the Las Vegas Valley all reported double digit percentage increases.  In northern Nevada, all major markets reported decreases in monthly gaming revenues in August. Reno was down nearly four percent while south Lake Tahoe reported a 33.6 percent drop, or nearly $10 million. Overall, statewide revenues were down 1.4 percent for the month, which makes August the third consecutive month for gaming revenue declines in...

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Gaming revenue up in Laughlin

The Laughlin gaming market is in a bit of a quandary. Gaming revenues keep inching upward, but visitation continues to drop. The latest numbers for the month of May show the trend continuing for the fourth month in a row. Gaming revenues from the nine resorts in Laughlin were up 1.6 percent over the same month last year with $38.9 million being reported to state regulators. It was the fourth consecutive month that Laughlin reported an increase in gaming revenues over last year and the sixth time in eight months the town has reported gains. While gaming revenues were up again, Laughlin’s visitor volume was down– again. According to figures from the Las Vegas Convention and Visitor’s Authority (LVCVA), there were 8.2 percent fewer people visiting Laughlin in May. The LVCVA says that there were 162,819 people who visited Laughlin this year compared to the 177,275 who visited during May 2014. It was the fourth consecutive month that the number of visitors in Laughlin was down when compared to last year. Ironically, the last time Laughlin posted an increase in visitor volume was in January, which was also the last month the town reported a decrease in gaming revenues. For the year, Laughlin’s gaming market has experienced 2.5 percent growth over last year, but visitor volume is down 7.4...

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SRPMIC Community Applauds Support to Stop Glendale Casino by Navajo Nation

PHOENIX-The Navajo Nation Council’s Naabik’iyátí’ Committee unanimously recently approved Legislation No. 0137-15, supporting two identical Congressional bills known as The Keep the Promise Act ― Senate Bill S. 152 and House Bill H.R 308. On Friday, SRPMIC President Delbert W. Ray, Sr. commended the leadership of the Navajo Nation for their support of the Keep the Promise Act of 2015, S. 152 and H.R. 308, that is pending in Congress. “The Navajo Nation shares the same concern as many other Arizona tribes that the proposed Tohono O’odham Glendale Casino does not conform with the agreements tribes made amongst themselves, the State of Arizona, and the voters of Arizona when gaming compacts were approved in 2002. It is clear their leadership also understands the threat to tribal gaming in Arizona if the Keep The Promise Act is not enacted into law. The action of the Navajo Nation along with a broad coalition of State, tribal and local leaders confirm the integrity of the existing tribal gaming policy over the special interests of one tribe. As a result, we are hopeful the Congress will act quickly to pass S. 152 and H.R. 308”, said...

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