Luck still rules in games | TahoeDailyTribune.com
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Luck still rules in games

The weather can be as unpredictable as your luck in Lake Tahoe.

So it’s anyone’s guess how a nearly 35-degree temperature drop in days will affect business at Stateline casinos, since industry insiders point to a warm, lingering summer as a factor in a nearly 30 percent increase in August gaming revenues.

“I think, generally we believe, of course, the weather was good individually and collectively for properties doing more of a focus on marketing,” said Steve Teshara, Lake Tahoe Gaming Alliance Executive Director. The increase reflects a considerable jump from the moderate growth over the last few years, Teshara added.



Tahoe casinos experienced a 28.75 percent jolt in revenues in August from the year before, the Nevada Gaming Control Board reported this week. Between Aug. 1 and 31, more than $44 million was collected in contrast to $34 million in 1999.

The windfall compares to a 0.83 percent drop for casinos in Reno, amounting to this year’s $74 million compared to last year’s $75 million.




Gary Selesner, Harrah’s senior vice president and general manager, also attributes his casino’s robust summer in gaming revenues to the warm climate. He also highlighted a renovation completed at the end of June that opened up several new amenities the casino didn’t hesitate to market, as well as a tendency for travelers to take shorter vacations and a healthy economy in California. The state has displaced Italy as the world’s sixth largest economy, the Associated Press reported recently.

Statewide in Nevada, the gaming control board reported a 6.72 percent gain in gaming revenues from $763 million to $814 million in August.


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