Las Vegas casinos post gambling revenue decrease in April

While the Atlantic City casinos celebrate a bountiful May, the story on the Las Vegas Strip is quite the opposite. The casinos on the Las Vegas Strip saw a 1.3% decline in gambling revenues for the month of April, compared to the same time in 2007. Gamblers in Las Vegas lost a total of $524.1 million in April, Nevada's Gaming Control Board said today, marking the fourth consecutive month of revenue decline, forced by increasing fuel and food cost. The gambling revenue in the entire state of Nevada showed even worse numbers - $1 billion lost by gamblers in April, compared to $1.05 billion from the same month a year earlier, or a 5.1% decline in gambling revenues.

Published on 06/11/2008