Nevada’s Casino Revenue Falls Again

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Nevada’s Casino Revenue Falls AgainIt was another bad month for Nevada.

According to the Gaming Control Board, Nevada’s casino industry sustained further revenue declines in September, the second straight month of dwindling revenue.

The Las Vegas Review-Journal, which obtained and dissected the data in full, says that statewide gaming revenue tumbled nearly 6 percent last month.

The news comes just as casinos and gaming operators step on the gas with regard to promoting the state’s online gaming opportunities as a means to offset disappointing revenue from physical gaming establishments on the Strip.

“In Nevada, casinos collected $901.7 million in gaming revenue in September, compared with $958.9 million in the same month a year ago. On the Strip, gaming revenue was $494.8 million, compared with $563.1 million in September 2013,” the report reads.

Meanwhile, the state’s three Internet poker websites reported gaming revenue of $693,000, a decline of 8.9 percent from a year ago. The figure was the lowest single-month total reported since the state began releasing online numbers this year.

“Despite the declines in August and September,” the Journal reports, “most analysts still see positive signs in the Las Vegas economic recovery.”

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