Two Way Hard Three | Las Vegas Casino & Design Blog

April 9, 2009

Gaming Numbers Published

Posted by Hunter

We will touch on this on the next Vegas Gang show but I wanted to post this for comments.

As is typical, the gaming figures have been released. They are of course, down.

Dr. Dave thinks the RJ is downplaying the bad news.

In related news, word comes that the Gaming Control Board is forming an internal crisis team to deal with bankrupt casinos.

Harrah's was able to pull off a debt swap that looks to have improved their position a bit.


Read archived comments (3 so far)
April 9, 2009 4:52 PM Posted by detroit1051

Based on the Nevada Gaming Cotnrol Board's report for February, the overall slot payback percentage on the Strip was 92.79%. That low payback must affect visitation. In Broward County, Florida, slots were approved at four racetrracks. Three are currently operating. Current overall payback at Isle of Capri's Pompano Park is posted at 92.38%, slightly lower than on the Strip, even though Florida's gaming tax rate is an unbelievable 50%. Nevada's is 6.75%.

As the Strip reduces any advantage it has for players, how many tourists will opt to play at regional casinos in their own areas?
Here's the detailed NV report:

April 9, 2009 7:47 PM Posted by Chris

I think the more appropriate question to ask would be:

How many tourists will opt to play at a racetrack in suburban Florida instead of taking a weekend getaway to Vegas, due to a 0.41% smaller loss in long-term slot play?

April 10, 2009 10:48 AM Posted by Las Vegas USA

Nobody is safe in this recession. The casino heads should get together and make something happen as a team.