Stateline casinos have another winning month
South Shore gaming wins could be on the home stretch for the first double-digit fiscal year in quite awhile.
The March report from the Nevada Gaming Control Board released Tuesday shows Stateline casino winnings of $24.7 million for the month, a 6.84 percent increase over March 1998.
Stateline gaming wins for the year to date are up 13.83 through the third quarter of the fiscal year that began in July.
Winnings record the revenue from gaming activity that the casino keeps after player wins are paid.
“There was fairly good action on slots and games and tables,” said Russell Guindon, spokesman for the Gaming Control Board. “Games and tables are driving (casino wins) up.”
Slot activity, or “coin in,” was up 6.6 percent. Player “drops” at games and tables such as craps and blackjack, were up 15.8 percent.
Although casino activity overall was strong, game and table players left more of their money behind in March than slot players. The casino wins from games and tables were up 19.2 percent, but for slots the wins dropped slightly at 0.4 percent down.
The strong showing for the month and year is good news in a casino market that’s had a run of bad luck thanks to weather-related problems complicated by a stagnant economy.
“The last three years have been down, looking at the fiscal years,”
Guindon said. “Tahoe is a market that depends on the weather.”
Although good weather conditions mostly helped tourism in recent months, Guindon suggested that better marketing efforts could also have contributed.
“Whether that means the market has recovered, it’s hard to say,” he said. “It’s hard to have double digits on top of double digits.”
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