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2017 Revenue Is New Record Low For Vegas

Discussion in 'CASINO NEWS' started by Mben, Jan 17, 2018.

  1. Mben

    Mben No Deposit Forum Administrator Staff Member

    The Las Vegas gambling industry saw its sharpest decline in revenue ever for 2017.

    Generating $26 billion in total revenue, Nevada gaming regulators say it is a new record low for Vegas.

    But one shouldn't shed a tear for Sin City.

    The gambling hub shattered revenue records in all other areas including hotel rooms, accounting for $6.16 billion (23.6%), food sales, accounting for $3.89 Billion (14.9%), and beverages, making up $1.8 billion (6.9%).

    Casinos generated net income of $1.55 billion from total revenues of $26.17 billion. This marked the first time total revenues surpassed the $26 billion mark.

    Actually gambling, however, did take a hit, taking in $11.11 billion, which was 42.4 percent of total revenue. That marks an all-time low percentage for the casino industry, based on historical data compiled by the University of Nevada Las Vegas. The previous fiscal year was 42.64 percent.

    By comparison, in 1984, casino gambling revenue represented 61.9 percent.

    In recent years, Las Vegas has tried to market itself as more than just gambling and these numbers appear to indicate that campaign is working.

  2. PMM

    PMM No Deposit Forum Moderator Staff Member

    Well, that is interesting info Mben. I know I would like to help the cause, and fly there and give them my hard earned money. You know, to help poor Vegas recoup some of their losses. lol

    11.11 billion? - All time low percentage for the casino industry? Yep, I better get out there and do my part before Vegas becomes a ghost town.

    Who's with me?
    Mben likes this.

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