Although casinos had a rough time in 2008, they appear to be rebounding based on a number of recent reports. It is now estimated that Nevada casinos were able to put together a total revenue of $10.8 billion in 2012. This is a huge increase over the previous year, up a total of 1.5% over the previous year. This was originally reported by the Gaming Control Board. The casinos on the Las Vegas strip alone had a revenue of $6.2 billion, which was a gain of 2.3% over 2011, showing that the strip in Las Vegas in general are both receiving much better overall totals of May had in previous years. It will be incredibly interesting to see if they are able to continue this momentum moving forward.
“The revenues on the Strip spilled over into other areas” of Clark County, said senior research analyst. “It’s driving the economy,”
As of right now, the analysts are being described as cautiously optimistic that the casino business will continue to grow in the years moving forward. For the year, downtown Las Vegas saw that there casino revenue grew a total of 2.5%. In Laughlin, casino revenue fell a total of 0.6%, which was a disappointment to the individuals in that area. The Boulder strip had an increase of 2.3%, and North Las Vegas was up a total of 1.9%. In fact, all of Las Vegas was up across the board, aside from Laughlin, which is the only area that site did. Some have guessed that Laughlin saw dips in their total overall revenue, because they were seen as a legitimate alternative to going down to the Las Vegas area.
In the month of December alone, the overall revenue for downtown Las Vegas casinos was up 2.5%. The board said that downtown Las Vegas casinos reported to wind of $36.9 million, which was up 19.6% in December. Laughlin had a wind of $33.2 million, which was 1.7% increase. Mesquite fell 5.5% with the wind of $9.1 million. It will be interesting to see if these gains and winds continue to become the norm for an area that has been suffering over the course of the last few years. With the area still looking for ways in which they can increase their revenue, there’s been a lot of speculation regarding exactly how they are going to go about doing so, and with the economy seemingly in a state of recovery, many people are returning to the Las Vegas area for their vacations. It will be incredibly interesting to see if Laughlin is able to rebound from this unexpected fall, and be able to report some of the same statistic that have been seen in other areas of the state, and gains, during the next year.
As the Las Vegas area continues to recover at a rapid rate, signs from around the country are that things are going to continue to improve moving forward, especially with all of these excellent earnings reports that have been released by high profile ocmpanies in recent days.