Nevada gaming area
Introduction Since 1971, the Nevada Gaming Control Board (NGCB) publishes an annual Abstract summarizing gaming and non-gaming revenue for the entire state. The document is roughly 250 pages long. Detailed data is provided for different groups of casinos, organized by geography, size (according to gaming revenue), and public corporations vs. privately owned. Nevada State Gaming law NRS 463.120.requires that financial information for individual casinos be kept in confidence.The names of the resorts in any category are often speculated on but a definitive list is not revealed by the NGCB in accordance with state law. A category is known as ''casinos with gaming revenue above $72 million per year'' has been in use for over 20 years. However, independent analysis conducted by Frank Martin has revealed the names of the resorts for the Fiscal Year 2008.By the end of the decade, Nevada had become the fastest-growing state in the nation and increased gaming revenues by 150 percent.
Gaming Revenue Depression Monthly revenue from October 2007 represents the highest yearly moving average (i.e. 12 months ending October 2007). The 12 months moving average ending October 2009 is the same as the 12 months ending October 2004 (so gaming is now down to what it was five years ago). The pit revenue for the state is shown in the graph. Slot revenue also dropped a billion and a half dollars since October 2007.Blackjack gaming revenue is down to the 1997 levels.+'''Statewide Gaming Revenue For Pit''' Baccarat is the only table game that has completely recovered from the depression. 663px
Large Revenue Casino Resorts One statewide category is '''Statewide Casinos with Room Facilities with Gaming Revenue of over $72 million a year'''. The document indicates that there are 45 locations that qualify for this category in the fiscal year 2009 (1 July 2008 - 30 June 2009). Five of the locations are '''Not Publicly Owned''' which means they also have no public debt. There are 23 properties located on the strip, 13 more in urban Las Vegas, 3 in Laughlin, and the final 6 in Lake Tahoe and Reno area.The aggregate of the 45 casinos earned about 71% of the gaming revenue for the state, and over 70% of the non-gaming revenue. These properties averaged $190 million in gaming revenue and $227 million in non-gaming revenue.===Top 6 Revenue Casino Resorts===The NGCB abstract gives the ''total revenue'' (gaming and non-gaming) for the strip resort ranked #6, but it does not give the names of the top casinos. It can be presumed that they are the following resorts in the table below+ The top 6 licenses in FY 2008 all had at least '''$942 million''' in total revenue. '''LOC #''''''LICENSEE''''''Table Games''''''Rooms''' 01888-07WYNN /ENCORE LAS VEGAS                  2634,750 01957-05VENETIAN CASINO RESORT                  2478,108 01297-02CAESARS PALACE                          1723,348 02982-07MGM GRAND HOTEL/CASINO                  1726,852 00655-05BELLAGIO                                1683,933 00022-03MANDALAY BAY RESORT & CASINO            1273,309
Number of Properties in Other Revenue Groups The names of the individual properties in lower revenue groups is more of interest to a potential investor as a top level analysis of the property revenue.+ Nevada Statewide Resorts for Fiscal Year 2008'''Room Facilities''''''Gaming Revenue''''''Ave. Gaming Revenue''''''Num. of Locations''''''% of State Gaming Revenue''' yesOver $72 million, Strip Only$250.42347.8% yesOver $72 million, Rest of State$131.42426.2% yes$36 –$72 million$48.53413.7% yes$12 –$36 million$21.6295.2% yes$1  –$12 million$4.7361.4% no Over $1  million$5.71205.7%
Smaller Publicly Owned Casinos This table is restricted to casinos that earn more than $12 million in gaming revenue in FY08.The previous table for gaming revenue greater than $72 million lists 47 casinos (42 of which are publicly owned). The additional list is 36 casinos (for a total of 78 publicly-owned casinos in the state). Properties may or may not have rooms. Status is as of June 30, 2008.The highest-profile resort on the strip area that did not exceed $72 million is the ''Hard Rock Casino''. The company only secured its loan for expansion in June 2008 and began construction shortly thereafter. The trio of classic casinos on the strip from the 1950s, ''The Tropicana'',''The Riviera'', and ''The Sahara'' earned less than $72 million in FY08.Since the list is re-evaluated from year to year, these casinos may have made it in the past. Local Casinos in the Las Vegas area like the ''Silverton Casino'', the ''Fiesta Henderson'', ''Fiesta Rancho'' did not surpass $72 million.+ Nevada Statewide Publicly Owned Resorts Between $12 and $72 Million Fiscal Year 2008'''LOC #''''''COUNTY''''''Corporation''''''NAME''' 16017-03ClarkAmerican Cas. EPARIZONA CHARLIE'S BOULDER 03403-05ClarkArchonPIONEER HOTEL AND GAMBLING HALL 02912-01ClarkBoydCALIFORNIA HOTEL AND CASINO 00210-01ClarkBoydELDORADO CASINO 00694-03ClarkBoydFREMONT HOTEL AND CASINO 01018-07ClarkBoydJOKERS WILD 03461-04ClarkBoydMAIN STREET STATION HOTEL, CASINO AND BR 17586-04ClarkHard RockHARD ROCK HOTEL & CASINO 03005-04ClarkHarrah's IncBILL'S GAMBLIN' HALL & SALOON 04157-05ClarkHerbstTERRIBLE'S HOTEL AND CASINO 17378-01ClarkHerbstBUFFALO BILL'S RESORT & CASINO 13810-01ClarkHerbstPRIMM VALLEY RESORT & CASINO 03373-02ClarkHerbstWHISKEY PETE'S HOTEL & CASINO 01949-04ClarkLandry'sGOLDEN NUGGET-LAUGHLIN 10547-01ClarkMGM/MirageGOLD STRIKE HOTEL AND GAMBLING HALL 00004-04ClarkMGM/MirageRAILROAD PASS CASINO 02448-02ClarkMGM/MirageSLOTS-A-FUN 00370-02ClarkMTR (since sold)BINION'S GAMBLING HALL & HOTEL 00015-04ClarkRiviera HoldingsRIVIERA HOTEL & CASINO 16639-01ClarkSTATIONBARLEY'S CASINO & BREWING COMPANY 16666-02ClarkSTATIONFIESTA CASINO HOTEL 19166-03ClarkSTATIONFIESTA HENDERSON CASINO HOTEL 04737-04ClarkTropicanaRIVER PALMS RESORT CASINO 09430-01ClarkTropicanaTROPICANA EXPRESS HOTEL & CASINO 00360-04ClarkTropicanaTROPICANA RESORT AND CASINO 01620-05ClarkVirginOASIS RESORT CASINO GOLF & SPA 13379-02ClarkVirginVIRGIN RIVER HOTEL & CASINO 01190-03DouglasTropicanaLAKE TAHOE HORIZON CASINO RESORT 03132-03DouglasTropicanaMONTBLEU 00166-01ElkoAmeristarCACTUS PETE'S RESORT CASINO 19629-01NyeHerbstTERRIBLE'S TOWN 03112-02WashoeHerbstTERRIBLE'S RAIL CITY CASINO 01635-03WashoeHerbstSANDS REGENCY, THE 02926-03WashoeJacobsGOLD DUST WEST 03431-01WashoeMGM/MirageCIRCUS CIRCUS HOTEL/CASINO - RENO 00519-03WashoePinnacleBOOMTOWN RENOHerbst Gaming owns a chain of 8 properties branded as ''Terribles''. None of these properties are in the ''over $72 million'' category, but three are in the above list of ''$12 to $72 million'' properties. By elimination, there are five ''TERRIBLE'S'' properties that are in the ''$1 to $12 million'' category. In addition there are 4 other company-owned properties in the ''$12 to $72 million'' category that does not have the ''TERRIBLE'S'' brand name.+ Herbst Gaming Name County Name  Category 04157-05 Clark TERRIBLE'S HOTEL AND CASINO '''flagship'''($36 to $72 million) 19629-01 Nye TERRIBLE'S TOWN PAHRUMP ($12 to $36 million) 03112-02 Washoe TERRIBLE'S RAIL CITY CASINO($12 to $36 million) 00724-07 Clark TERRIBLE'S TOWN CASINO - HENDERSON 03520-03 Clark TERRIBLE'S TOWN CASINO - SEARCHLIGHT 16575-03 Lyon TERRIBLE'S CASINO - DAYTON 02058-04 Washoe TERRIBLE'S GOLD RANCH CASINO AND RV RESORT 17274-04 Nye TERRIBLE'S LAKESIDE CASINOThe Herbst corporation reports in their annual report that the combined NV casino operations generated $337 million, but does not segment the number by property, gaming, room charge, RV charges,  food and beverage, or other.
Gaming Revenue Graph Monthly revenue from October 2007 represent the monthly peak. It also is the highest yearly moving average (i.e. 12 months ending October 2007). The 12 month moving average ending October 2009 is the same as the 12 months ending October 2004 (so gaming is now down to what it was five years ago).+'''Statewide Gaming Revenue With Moving Average''' Months of Oct 2009 and Oct 2007 highlighted in yellow to show maximum and minimum
All casinos in state with Gaming Revenue Over $1m Total casino count by county  and county population on 1 July 2008 is in the table below. The NGCB is prohibited by state law from revealing financial information on individual casinos, so it reports detailed financial data on groups of casinos.The NGCB divides the 8 casinos in Douglas County as 5 in the South Lake Tahoe region, while the remaining 3 casinos are grouped along with the 11 casinos in ''Carson City'' in a region called ''Carson Valley''. Douglas County has a major mountain ridge passing through the county that can be traversed via route 207, passing higher than 8500'.The 42 casinos in largely rural counties are grouped together for statistical purposes by the NGCB as the ''balance of counties''.A full list of all the licenses that earned more than $1m in fiscal year 2009 is available by reference.Clark county contains Las Vegas, Washoe county contains Reno/Sparks area, Elko county is the main gateway to Utah, South Lake Tahoe is a principal tourist area, and Carson Valley contains the state capital.+ FY2009 Casinos over $1m in gaming revenue'''Casinos''''''County''''''Road''''''1-Jul-08''''''FY07 $millions''''''FY08 $millions''''''FY09 $millions''' 149ClarkI-151,865,746$10,538$10,172$9,081 32WashoeI-80410,443$1,045$977$856 17ElkoI-8047,071$324$303$279 5South Lake TahoeRoute 5045,180$283$307$264 14Carson Valley Route 39554,867$120$114$102 42Balance of counties 176,860$170$167$148 2602,600,167$12,481$12,040$10,729+ Balance of counties (detail)'''Casinos''''''County''''''Road''''''1-Jul-08''' 12Lyon County I-8053,022 6Churchill County I-8024,896 6Humboldt County I-8017,763 3Pershing County I-806,291 2Lander County I-805,086 9Nye County Route 16044,375 39,199 14,684 14,341 04,898 01,628 0677
Previous Years The number of properties with revenue over $72 million has increased over the years (particularly outside of the strip). However, most of the large gains have been a result of mega resorts being built on the strip. The NGCB has not created a new category for the very large resorts (example: ''over $144 million''). This hypothetical new category would probably contain at least ten resorts on the strip.In 1990 the population of Clark County was 3/4 million (vs. 2 million today). The only locals casino likely to have broken $72 million in 1990 was Sam's Town (Palace Station is considered to be a ''strip'' casino by the NGCB). There are currently 8 casinos in northern Nevada and Laughlin that are currently over $72 million. In 1990 seven of them existed. The financial information controlled by the NGCB is confidential forever, and is not released even after 7 years.The table shows Gaming Licenses that earned over $72m per year for Las Vegas Strip and for State of Nevada. Also the number of licenses which earned gaming revenue of over $1m per annum for the entire state are shown.Properties connected by hallways are permitted to operate under one license at the discretion of the owner. For most of FY2008 Ballys and Paris operated under one license; Venetian/Palazzo, Wynn/Encore, and Mandalay Bay/THE Hotel operate under one gaming license.+ Numbers of Properties with Different Levels of Gaming Revenue Nov 2009 $10.36m FiscalGaming Revenue%Strip > $72MState > $72MState > $1M 2009$10,786,660,000  2008$12,408,879,888 -0.6%2347266 2007$12,480,790,793 5.7%2348270 2006$11,809,095,031 10.8%2447274 2005$10,662,454,467 7.9%2446268 2004$9,883,510,737 6.8%2341258 2003$9,250,496,837 3.8%2342256 2002$8,911,540,280 -4.3%2239249 2001$9,310,594,712 positive2240247 2000$9,308,916,419 10.5%2239243 1999$8,426,224,115 8.8%2033238 1998$7,743,934,793 3.3%2033238 1997$7,493,752,537 1.4%1932235 1996$7,390,435,180 5.1%1930229 1995$7,030,994,404 8.1%1928213 1994$6,504,348,451 10.6%1928207 1993$5,880,592,442 5.3%1524189 1992$5,584,559,864 1.3%1423192 1991$5,513,297,150 11.3%1422198 1990$4,952,978,992 9.7%1320182 1989$4,514,157,698 169 1988$4,094,869,746 165 1987$3,667,783,405 155 1986$3,264,287,310 145 1985$3,103,770,229 145 1984$2,941,428,012 145 1983138137136130125115108101
See also *Problem gambling
References