Nevada casinos see April gain, South Shore down
Nevada casinos saw an increase in business in April, but the bump was driven largely by the southern half of the state and how the month’s figures were counted.
Statewide, revenue at Nevada casinos was up 6.2 percent in April compared to the same month in 2011, according to numbers released Tuesday by the Nevada Gaming Control Board. Total revenue for Nevada casinos was $855,708,000 in April.
The month was “decent” for the state’s gaming establishments, according to an analysis by University of Nevada, Las Vegas, but the six-month trend is still unclear. April’s statewide improvement can at least partially be attributed to March ending on a Saturday and some slot revenues being carried over to the next month, according to the analysis.
“On the surface, it appears to be great, with big revenue gains over April 2011, but in fact many of those gains were due to slot drops for March being held over for April (the Friday Effect),” the analysis stated.
South Shore casinos took in $13,739,000 in April, a 4.4 percent decrease compared to April 2011, according to Tuesday’s figures. From May 2011 to April 2012, the area’s casinos saw a 1.5 percent increase in revenue from the previous year, taking in $208,582,000.
Carson Valley casinos brought in $8,099,000 in April 2012, a 3.1 percent drop compared to April 2011.
Washoe County had a “disappointing month,” according to the UNLV analysis, with casinos taking in $54,198,000, a 15.46 percent decrease from April 2011.
North Shore Lake Tahoe casinos took an even greater hit in April. The casinos saw $1,596,000 in revenue for the month, a 15.8 percent decline from April 2011. The properties are down 7.8 percent from May 2011 to April 2012 compared to the same time frame last year.
Clark County, which includes Las Vegas, fared well in April, with the month’s revenues up 8.9 percent compared to 2011. The county’s casinos took in $743,673,000 during the month, according to the control board.
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