Encouraging results for the casinos in Nevada
The revenues of the large casinos in the state of Nevada have recorded a decrease of 743.7 million dollars over the course of the year 2014.
However, this decline is less than half of the decline from the previous year.
As a consequence, the State Gaming Control Board just released encouraging figures in their Nevada Gaming Abstract for 2014.
The smallest loss since 2009
Around 270 gaming establishments in the state of Nevada were considered large casinos in the year 2014.
The combined net loss of these establishments amounted to 743.7 million dollars.
This figure is still better than that of the previous year, during which losses amounted to 1.3 billion dollars.
It is the sixth consecutive year during which the land-based casinos in Nevada recorded a decrease of income.
However it is the smallest figure since the year 2009, when the effects of the economic crisis started to be fully noticeable.
The anti-corruption campaign in China is currently making an impact on the income of the establishments in Macau, which is something that can also be felt in Nevada, since it also recorded a decline in revenues that are made at the baccarat tables in Las Vegas.
Details on the four major geographical regions
The Nevada Gaming Abstract 2014 divides the state into four key regions for which the results are presented separately.
Clark County, which includes the Las Vegas Strip and Donwtown Las Vegas, has 151 large casinos that generated a combined net loss of 746.9 million dollars, which is an increase in revenue of 36.9% compared to the previous year.
On the other hand, revenues that are not related to gambling activities have continued to be the largest source of income for the entertainment complexes on the Las Vegas Strip, and the revenues have increased by 36.8% compared to those of 2013.
The Washoe County, that covers the Reno-Sparks region, recorded the best results, with a combined net income of 30.3 million dollars of the 36 large casinos.
In Elko County, the 19 large casinos generated a combined net revenue of 30 million dollars.
The 21 large casinos in Douglas County recorded a combined net loss of 89.3 million dollars.
