Casino wins turn into winners | TahoeDailyTribune.com
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Casino wins turn into winners

Wow!

South Shore casinos in June concluded the fiscal year with a 12.43 percent increase in winnings overall and a whopping 30.8 percent increase for the month of June.

The Nevada Gaming Control Board released the report for gaming win – the amount kept by casinos after player payoffs – on Thursday.



“Fiscal ’99 was a very good turn around year for the South Lake Tahoe market,” said Control Board spokesman Russ Guindon.

“In the 12-months of fiscal ’99, there were only two months that the market had declines. It was the first increase in four years.”




For the month, Stateline casinos won $30.1 million.

A poor June of 1998, which was down 11 percent compared to 1997, is partly responsible for the impressive increase for the month this year.

“Last year, actually, players did very well,” Guindon said.

The change was especially dramatic in craps, where winners won quite a bit last year. This year, casinos won, showing a 1,087 percent winnings increase compared to last year.

Other areas also showed substantial increases.

Slot revenue increased by 7.5 percent with a 7.1 percent increase in activity when compared to June a year ago.

Games and tables increased 91.1 percent with a 24.9 percent increase in activity. Blackjack casino winnings increased by 66.5 percent and roulette increased by 13.3 percent.


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