Vegas Revenues Rise to $1 Billion 23.09.2012

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Even though hotel occupancy rates dropped a bit during July 2012 as compared to July 2011, the city still took in massive amounts of money. The revenues of Clark County, the county where Las Vegas is, increased some 28% over those of last year’s revenues during the same month giving the county a total of $867 million which helped Nevada state revenues reach over $1 billion according to the Gaming Control Board.

Much of the revenue increase was actually due to the popularity of baccarat which had a 113% increase and brought in close to $190 million which makes July 2012 the 3rd highest ever in Nevada’s history. Additionally, slot games which a 10.6% increase when compared to July of 2011. Both craps and sports book wagers also had a hand in helping boost Nevada’s revenue while blackjack and roulette games were decreased in the July year-over-year comparison.

Prior to the recession which began in 2008, Nevada was quite used to having many months per year bring in $1 billion dollars but July 2012 marks the first time since the recession that the state has taken in that much money.

And now, thanks to Prince Harry’s recent escapades in Las Vegas people seem to be heading back to Sin City for a weekend of fun and every casino is ready to host the party crowd. Many casinos are currently reinventing themselves and finding new ways to keep the rooms full including opening new restaurants, bars and daytime activities. Hopefully, the financial situation in Nevada will become more stable as the year progresses.

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