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Posts Tagged ‘gambling revenue’

Las Vegas, Atlantic City Gambling Revenues Show Continued Downward Trend

Tuesday, January 13th, 2009
You'll have to wait awhile to book a stay in the new Octavius Tower as Caesars stalls the project.

Caesars Palace will wait to add 660 more rooms as Harrah's puts hold on new tower.

When it comes to gambling revenues these days, if there is any bright spot to be found for Las Vegas casino managers it could be — “Well, at least we’re not Atlantic City.”

The numbers coming in from the two biggest gaming Meccas in the country aren’t pretty and certainly serve to justify all the recent changes and holds* we’ve seen on several casino construction projects.

Gambling revenues for the state of Nevada fell 14.8 percent in November compared with a year ago according to figures released last week by the state’s Gaming Control Board.  Within the state, LV Strip properties recorded a 16.02% drop while North Lake Tahoe casinos fell a whopping 26.94%. (more…)

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