Search This Blog

Saturday, November 15, 2008

Las Vegas feels the pain as US economy tanks

Latest figures from the Nevada Gaming Control Board show a further decline in revenues on both The Strip in Las Vegas and across the gambling state -- the ninth consecutive month in which revenues have gone downhill.

Gaming revenues across Nevada were down 5.4 percent to a billion dollars compared with September 2007, officials reported. On The Strip, revenues dipped 5.1 percent to $525.1 million over last year's equivalent.

The bottom line was that Nevada was $10 million in tax income down from the same period last year, receiving only $63.5 million.

A statistician with the Board described the decline as "alarming" and predicted that the October 2008 figures are unlikely to show a better picture.

It looks like people are prefering to play online - rather than taking the time and expense to travel to land based casinos.

For a list of the BEST places to play check out our online casino guide

No comments: