Stateline casinos post gains in November | RecordCourier.com
YOUR AD HERE »

Stateline casinos post gains in November

Staff Reports

A snowy November helped Stateline’s casinos recover slightly from what has mostly been a dismal gaming year.

The casinos posted a gaming win of $14.2 million in November 2015, up 17.2 percent from the same month in 2014, according to numbers released Wednesday by the Gaming Control Board. Heavenly Ski Resort opened early this year, contributing to the number of visitors to Stateline.

While that helps, Stateline is still more than $12 million behind the previous year to date total of $108.1 million.

Casinos in the East Fork Township and Carson City posted a 2.6 percent loss in November, with a win of $7.7 million. They are still ahead by almost 3 percent for the year.

Taxable sales, another key indicator for the county, was down 7.2 percent for the month of October, according to the Nevada Department of Taxation.

The largest category, food services and drinking places was up 12.6 percent, thanks largely to a rebound at Lake Tahoe’s casinos.

General merchandise stores also showed an increase in taxable sales up 5.4 percent to $7.5 million. Douglas County is home to several big box stores, including two Walmarts, a Target and a Best Buy.

However, that wasn’t enough to overcome a nearly 50 percent drop in sales of building materials, garden equipment and supplies from $5.5 million to $2.7 million. A 35 percent decrease in the county’s manufacturing sector, from $4.46 million in October 2014 to $2.89 million this year also didn’t help.

Because Douglas County is guaranteed to receive a certain amount in state dollars, collected sales tax does not alter what the county receives from the state. Douglas collected $765,910 in sales tax, but received $1.18 million from the state.