Nevada’s casinos losses reduced by 11 percent in 2015

There is still some way to go to match 2007 all-time record.

The annual Nevada Gaming Abstract was published by the Gaming Control Board on Thursday.

US.- The data released by Nevada’s Gaming Control Board reflected the industry’s recovery trend of the past year. 271 casinos that grossed US$1 million or more in the 12 months ending June 30, 2015, earned combined revenue (gaming, rooms, food, beverage, etc) of US$24.6 billion, whilst recording a net loss of US$661.8 million in comparison with a net loss of US$743.7 million for the same 12-month period a year earlier.

Strip casinos lost US$923.3 million, a 2.2 percent better than 2014’s losses of US$943.6 million. The Strip’s total casino revenue hit a record high of US$16.7 billion but gaming’s share of that total hit a record low of US34.9 percent. The state’s total revenue was almost US$24.6 billion, higher than US$23.9 billion in 2014 by 2.9 percent. State-wide, gaming revenue of US$10.6 billion made up for 43.2 percent of the overall revenue.

Final figures will be issued later in January, but the Las Vegas Convention and Visitors Authority already announced that the city had welcomed 42 million visitors in 2015, in comparison to 2014’s 41.1 million, even before including the presumed influx of New Year’s numbers.

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