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August gaming win surges 21 percent on Las Vegas Strip

Updated Friday, Oct. 8, 2010 | 10:02 a.m.

CARSON CITY – Strong baccarat play and a rebound in the slot machine business helped casinos on the Las Vegas Strip post a 21-percent increase in gross gaming win for August.

The state Gaming Control Board reported today that, statewide, casinos registered a gross win of $994.4 million, up 11.5 percent. The increase was fueled by increases in Southern Nevada.

The increase of 21 percent by the 41 casinos on the Strip, at $544.3 million, was the biggest gain since February, when the gaming win rose 32.8 percent.

Baccarat win on the Strip rose to $160 million, up 47.1 percent.

Michael Lawton, senior research analyst for the board, said it was the second highest win for baccarat in Strip history. The amount wagered was $1.9 billion, the highest drop of all time.

Gross win, computed before taxes and expenses on slot machines, jumped to $245.9 million, a gain of 13.3 percent. That’s the biggest increase since September 2007. Lawton said the amount played in slot machines was $3.1 billion.

Blackjack games on the Strip were off 12.1 percent compared to a year ago, but craps rose 84.3 percent and roulette gained 77.7 percent. The win from sports books jumped 155.5 percent due to baseball betting,

Lawton said business in Clark County was helped by the MAGIC Convention with 75,000 visitors and the World Market Convention at 50,000 members.

Downtown Las Vegas casinos reported a win of $41.3 million, down 1.4 percent. It was the 27th straight month for a drop in gross win.

North Las Vegas clubs posted $25.1 million, up 13.6 percent; Laughlin casinos fell to $36.3 million, a decline of 4.7 percent; the Boulder Strip posted a 3.3 percent increase to $65.4 million; Mesquite dropped 2.7 percent to $8.2 million and the rest of Clark County reported $85.1 million, up 0.8 percent.

Statewide, the board said it collected $61.7 million in taxes, a 24.4 percent increase from the prior year. Lawton said that was due to a good collection on markers.

Also statewide, Lawton said gross win was up 6.2 percent without counting baccarat. That’s the first time since December 2007 that an increase was recorded without the baccarat figures.

The board said Washoe County casinos won $71.5 million, down 3.1 percent; South Lake Tahoe casinos reported a 7.2 percent increase to $23.5 million; Elko gaming business was down 1.9 percent to $21.7 million and the Carson Valley posted a 7.7 percent gain to $9.3 million.

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  1. I always stay downtown and play downtown. It's the biggest bang for the buck; the blackjack rules are generally much more favorable. I come to Vegas about every six months and the only time I've hit the strip in years was to see "Love" at the Mirage.

  2. U.S. GDP grew in each of the last 3 quarters. Some declared the stimulus a failure, when they did not see instant results. The fact is jobs are always lagging the numbers recovery in each recession -- a cool site; Balkingpoints ; incredible satellite view of earth

  3. Uh oh. The haters are not going to like this.

    Vegas had a good month.

    Vegas always comes back and it will again. Bigger and better then ever. They guys running the show are busy working it out and not posting here in the forums. ;-)

  4. that's actually pretty good info for a change. Most major casinos are quite busy these days, but this is teasing. The debt load of places such as Harrah's or MGM is so big that it takes more than a motobike to win this race for the gold....

    From Switzerland