Gaming finishes Fiscal ’16 on strong note | nnbusinessview.com

Gaming finishes Fiscal ’16 on strong note

NNBW Staff

2016 Gaming win

Area FY16 Win Percentage Change

Statewide $11.12 billion 0.7%

Carson Valley $99.79 million 0.0%

South Shore $207.7 million -3.8%

North Shore $25.95 million 1.9%

Washoe County $789.4 million 3.2%

Reno $580.46 million 3.5%

Clark County $9.6 billion 0.6%

The Strip $6.28 billion -0.6%

Nevada casinos finished Fiscal Year 2016 with a solid 6.8 percent increase in June to $830.9 million in total win.

Washoe County reported a 3.2 percent increase to $789.4 million for the fiscal year. That’s on top of a 2.7 percent increase last year but still almost 30 percent below its 2000 peak.

Statewide gaming win finished the year at $11.12 billion, a marginal increase of seven-tenths over Fiscal 2015. Slot win was actually up 3.2 percent to just more than $7 billion. But Game and Table win, still suffering from the lack of Baccarat play, was down 3.5 percent to just more than $4 billion.

The final totals were, however, better than the previous year when total win fell more than 1.6 percent.

For the Carson Valley reporting area, which includes valley portions of Douglas County, the decrease of nearly a percent to $8.15 million was the fourth consecutive month the capital has seen gaming win down compared to the same period a year ago.

Gaming Control Board Analyst Mike Lawton said the story in Carson was “21” which went down by $85,000 compared to a year ago, accounting for the entire decrease in total win.

In Churchill County, June win fell a half percent to $1.6 million. Game and Table win was down nearly 2 percent to just $51,000. Fiscal year totals for the county’s 10 non-restricted casinos were unavailable but Churchill has seen a 1 percent increase to just a hair more than $20 million over the past 12 months.

For the year, Carson Valley casinos raked in $99.8 million in fiscal 2016, up a half-percent form the previous year. The total is 20 percent lower than CVA’s peak of $124.7 million in 2006.

North Shore casinos at Lake Tahoe reported a total of just under $26 million in winnings for the year, an increase of 1.9 percent. That’s only the second year-over-year increase for North Shore since 2007.

South Lake Tahoe casinos finished the year with a 6.5 percent increase to $18.7 million in June. But, for the entire year, they were down 3.8 percent to $207.7 million. That’s nearly 40 percent lower than the area’s peak win in 2006.


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