After a very good August the Wendover gaming industry returned to the doldrums in September with an almost eight percent decline in total gaming win, according to todays report from the state Gaming Control Board.
According to the report Wendover casinos raked in $13.9 million down 7.9 percent from September last year.
“Win” is a gross figure, with no operating costs or other expenses deducted. And it’s casino revenue only _ separate from hotel, restaurant or bar revenues generated by the resorts.
While win indicates a casino market’s profitability another statistic “play” is an indicator of how casino workers are fairing. With some casino workers dependent on tips for up to half of their total income, play, the amount of money wagered by gamblers is a good indicator of how much casino workers received in tips and how many gamblers are actually in the casino.
For most of the spring and summer Wendover casinos had been performing at below predictions and were posting declines from the same months a year before.
“Wendover had us scratching our heads,” said Cheif Gaming Analyst Michael Lawton last month. “We called around and found out that several of the casinos have cut back their big comps and pulled back from the flight program. As this year progresses we should see some favorable camparisons.”
October proved them wrong.
For the fiscal year to date Wendover returned to the red down 0.78 percent at $41.9 million. for the calendar year Wendover casinos are down over four percent.
Wendover total slot win was down 7.1 percent to $10.4 million. Slot play was down 6.4 percent to $194.7 million . Slot hold dropped to 5.34 percent from 5.4 percent recorded in September 2012.
Win from table games and sports betting was down by 110.6 percent to $3.5 million. Play was up 1.1 percent to $15.6 million. Hold dropped from 24.99 to 22.09 percent.
Casinos in the rest of Elko County saw total gaming win down 2.91 percent to $8.4 million. Slot win was down 2.3 percent to $7.4 million. Slot play was down 5.4 percent to $102.4 million. Slot hold was up from 7.01 percent to 7.24 percent.
Win from table games and sports betting was down by 7.36 percent to $924,000. Play was down 5.0 percent to $3.9 million. Hold dropped from 25.25 to 23.65 percent.
Statewide, Nevada’s gaming win jumped up 7.41 percent in September as casinos raked in $958.8 million.
click link for full report: mrrsep13
Sounds like the Casinos are getting a Good Dose of Karma ! Too Bad the People of Wendover still pay for the Abuse they deliver to Wendover ! I Guess the town Council of A while ago should have done more to bring Wal Mart here !