Stateline casinos post seventh straight decline
February 14, 2012
Thanks in part to Indian gaming the casinos in Stateline have declined by more than a third since 2005.
While still down a percent, the rate of descent has slowed for the casinos, which are the main source of Douglas County’s gaming tax revenne.
During 2011, Stateline brought in $209.5 million, the total marked the seventh consecutive decline and the lowest total since the state started keeping records in 1984.The gaming win in 2005 was $335.4 million
Stateline casinos posted a 6 percent gain during December, according to figures released by the Nevada Gaming Control Board.
The Lake Tahoe casinos, which are the main source of Douglas County’s gaming tax revenue, reported a win of $13.34 million, up from December 2010, which saw $12.58 million.
The Carson Valley area, which includes all of Douglas County outside of the Lake Tahoe Basin and Carson City, saw a 4.92 percent increase to $8.23 million for the month. The same area had a $7.84 million increase in December 2010.
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The Carson Valley Area reported total gaming revenue down 1.1 percent in 2011 to $100.6 million. Slot win accounts for nearly $94 million of that total and was down seven-tenths of a percent. Game and table play was down 6.2 percent to $6.8 million. The total amount wagered in the area’s slots was down $19 million for the year to $1.75 billion.
Statewide, Nevada’s major resorts finished December pretty much in line with the whole year, reporting just over 2 percent growth for a total win of $855.7 million. That included a 4.92 percent increase in the Carson Valley Area and a 10.24 percent increase in Washoe County. North Shore also did well in December, reporting a 4.46 percent increase to $2.25 million.