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Strip gaming win edges up 1.5 percent in July

Updated Monday, Sept. 12, 2011 | 10:15 a.m.

CARSON CITY – Gambling win at Las Vegas Strip casinos inched up 1.5 percent in July with players collecting more on their bets in blackjack, craps and roulette than a year earlier.

Casinos in downtown Las Vegas, North Las Vegas and the Boulder Strip recorded increased wins of more than 10 percent, but the results were compared against July 2010, when the win was down.

The state Gaming Control Board reported today that casinos in Nevada won $860 million in July, an increase of 3.56 percent from a year ago.

The 37 casinos on the Strip, which accounts for more than 50 percent of the state’s win, registered $468 million in gross win for the month. Casino gaming win is computed before taxes and business expenses.

Baccarat win was strong, rising 20 percent on the Strip, but the casino win in blackjack, craps and roulette fell during the month. The board said blackjack win was off 7.9 percent; craps was down 37.2 percent and roulette fell 8.8 percent.

Michael Lawton, senior research analyst for the board, said the “hold,” or win, was down.

Casinos reported a hold of 6.3 percent in craps compared to 11.5 percent a year ago, blackjack win was 9.8 percent compared to 10.5 percent and roulette’s hold was 12 percent compared to 18.9 percent of a year ago.

“We really got killed in craps and roulette,” Lawton said.

Sports books on the Strip lost $2.1 million with players winning in baseball and basketball. Casinos posted a drop of 256.8 percent for the month. Winnings from slot machines rose 2.96 percent on the Strip compared to a year earlier.

Lawton said gaming win on the Strip for the year is up 7.5 percent compared to 2010.

Downtown Las Vegas casinos registered an increased win of 10.2 percent, but that compares to a 19.2 percent decline in July 2010. North Las Vegas casinos reported a 10.1 percent increase, but that's compared to a 23.5 percent drop in July 2010.

“It was an easy comp,” Lawton said.

Lawton said the local markets in Clark County are up 2.9 percent for the year so far. “It’s gaining traction and that’s a good sign,” he said.

The board reported gross win in Laughlin fell by 3.5 percent. Mesquite casinos inch up 0.37 percent and casinos in the balance of Clark County had a 4.2 percent increase in gross win.

Washoe County casinos posted a 1.3 percent increase. Carson City fell by 2.2 percent. Elko County rose by 5.8 percent and South Lake Tahoe casinos jumped 25.4 percent.

The board said the state collected $48 million in taxes, or a 3.5 percent decline compared to a year earlier.

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