Nevada casinos: gaming revenue reaches $1.16bn in August
Revenue decreased 3.8 per cent year-over-year and 10.8 per cent from July 2024.
US.- Nevada casinos generated $1.16bn in revenue in August, according to a release by the Nevada Gaming Control Board. That’s down 3.8 per cent year-over-year and down 10.8 per cent from July 2024.
The Las Vegas Strip generated $643.7m in revenue, down 3.5 per cent and downtown Las Vegas $58.3m, down 8.8 per cent. Reno casinos saw a 4.8 per cent decline to $65.4m. The state collected almost $57.7m in gaming taxes for the month, down by almost 24 per cent compared to August 2023.
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Full House Resorts has agreed with Clarity Game to sell the land, building, and certain other operating assets of Stockman’s Casino in Fallon, Nevada. The total price will be $9.2m.
The asset sale is expected to occur in two transactions, with the sale of Stockman’s real property expected to close for $7m in late September and the sale of remaining operating assets for $2.2m upon the receipt of customary gaming approvals. The company will temporarily pay a monthly rent of $50,000 to Clarity and will continue to operate Stockman’s Casino until the closing of the second transaction, when all daily operations will pass to Clarity.
