Tables Turn for Casinos, No Celebration Yet

LAS VEGAS-Long-sliding figures for the state’s gaming win improve in the latest year-over-year monthly comparison, but the total lags behind the peak years.

By Bob Howard | Updated on October 20, 2010

LAS VEGAS-Long-sliding figures for the state’s gaming win improved in the latest year-over-year monthly comparison, but the total lags behind the peak years, according to a report from the Nevada State Gaming Control Board. At the same time, an analysis of the monthly figures by CB Richard Ellis gaming analysts Jacob Oberman and Brent Pirosch says, “Keep the champagne on ice for now.”

Nevada’s casinos reported a take of $944.4 million, an 11.5% increase over August 2009, and the Las Vegas Strip increase was even greater, jumping 21% to $544 million. Even with the 11.5% increase, the state total continues to lag behind years like 2006 and 2007, when the August take was more than $1 billion.

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