Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (10660)	8/13/2004 12:38:30 PM
From: ild	Read Replies (3) \| Respond to of 116555

Nevada casinos won a record 10.1 billion dollars from gamblers last fiscal year for a 5.7 percent gain over the previous year, in what Governor Guinn terms, "a key sign of a sustained economic recovery." The win was the amount left behind by gamblers who wagered a total $143 billion dollars during the year. Frank Streshley of the state Gaming Control Board says a strong resurgence of tourism in the Las Vegas area was the main reason for the record year. Casinos in the Reno-Sparks-North Tahoe area in northern Nevada were down two percent. Streshley says the Reno area continues to suffer from the mid-2003 opening of the Thunder Valley Casino, owned by the United Auburn Indian Community, in Northern California. Major details: STATEWIDE: $10.1 billion win in fiscal 2003-2004, up 5.7 percent. In June, clubs won $855.5 million, up 5.7 percent. LAS VEGAS STRIP: $5.09 billion fiscal-year win, up 7.7 percent. The June win was $420.6 million, up 4.3 percent. DOWNTOWN LAS VEGAS: $653.7 million fiscal-year win, down 1 percent. The June win for the downtown clubs was $52.9 million, up 0.7 percent. RENO: $736.7 million fiscal-year win, down 2.8 percent. The June win was $62.2 million, down 2.2 percent. SPARKS: $159 million fiscal-year win, up 0.1 percent. The June win was $12.9 million, up 5.4 percent. STATELINE: $342.2 million fiscal-year win, up 2.7 percent. In June, the win was $25.3 million, down 8.5 percent. ELKO COUNTY: $222.4 million fiscal-year win, down 1.1 percent. In June, the clubs took in $20.1 million for a 1.1 percent decrease.