June 13th, 2008
Casino Revenue down in Nevada!
Ok, ok the title might be true, but even though casinos in Nevada have gone through 14 straight months of lower revenue I still don’t think $1 billion in earnings (casino win) is all THAT bad!!!
But I’m getting ahead of myself I think! Let me start at the beginning… I was reading an article in the Mercury News the other day and it stated that casinos in Nevada have experienced a downturn in what they term casino win (casino win is the amount of money left in the casino coffers after the total amount players have wagered). According to the article $1 billion was left in the coffers after gamblers wagered $12.7 billion in April (including $10.5 in slot machine bets).
WHAT? They still have $1 billion left in the coffers? How on earth can they complain? Sure it’s not $2 billion and we can see it’s not $10 billion but PLEASE, PLEASE don’t tell me that $1 billion is chump change! Anyway, economic downturn is cyclical and what comes down will go back up. Or in the Nevada casino case – up and up and up!
Ok, I’ve had my gripe. I just don’t think that they should complain (admittedly this report does not say they are complaining, but you just need to look around the internet to see what I mean) when they still have $1 billion in their coffers.
Well dear players, I’m off for a nice 3 day weekend, so I hope you all have a great time and I’ll see you in the software!
Justin
2 Comments to “Casino Revenue down in Nevada!”
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June 13th, 2008 at 2:26 pm
[...] Original post by JackpotCity.com Blog [...]
August 12th, 2008 at 1:42 pm
[...] Holy cow it’s official! I don’t think the good people of Nevada are used to this sort of thing, but with the US economy faltering it seems that casinos across the State are feeling the effects. For the second time since last year the June figures report that casino revenue is down 1.9%. Fortunately this still translates to a win of $12.5 billion so it’s not complete doom and gloom. (For more on this read my casino blog post: Casino Revenue Down in Nevada) [...]