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Baccarat gives boost to Strip gaming win

Updated Friday, Sept. 10, 2010 | 10:44 a.m.

CARSON CITY – The state Gaming Control Board reported today that Las Vegas Strip casinos won $461.1 million in games and slots in July, the same amount as July 2009.

Statewide, the board said the gross win, computed before taxes and expenses, fell 4.9 percent to $829.6 million, the fifth straight month of a decline.

After two down months, Strip casinos reported that gross win in baccarat rose by 9 percent in July.

Mike Lawton, senior research analyst for the board, said the decline in gross win statewide is smaller this year than last year, when double-digit drops were recorded. He said table win is positive, but slot play is off.

On the Strip in May and June this year, the gross win in baccarat dropped by 37.1 percent and 60.8 percent, respectively, on the Strip compared to a year earlier. But it picked up in July with reported winnings at $74.4 million.

The board said the 37 Strip casinos won $1.3 million in the sports pool, a 249.8 percent increase with most of the winnings coming on baseball and World Cup soccer bets.

There was a 24.6 percent increase in the gross win in blackjack. But the win on craps fell 7.2 percent; roulette was off 13.9 percent and the slot play was down 7.7 percent.

Lawton said three of the seven months this year the gaming win on the Strip has increased compared to a year earlier. The gaming win is up 2.2 percent for the year.

For the 26th consecutive month, gaming win downtown casinos fell – this time by 19.2 percent; North Las Vegas casinos recorded a 23.5 percent drop; Laughlin was off 1.6 percent; the Boulder Strip fell 16.8 percent and the balance of Clark County was off 12.6 percent.

Gambling in Mesquite showed the only gain in Clark County, up 0.3 percent in July.

The board reported gross win in casinos in Washoe County dropped by 2 percent; South Lake Tahoe was off 12.8 percent; Elko County fell 2.1 percent and the gross win in Carson City dropped by 4.1 percent.

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