{"id":21801,"date":"2018-05-31T07:34:00","date_gmt":"2018-05-31T15:34:00","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=21801"},"modified":"2018-05-31T07:34:00","modified_gmt":"2018-05-31T15:34:00","slug":"april-is-the-kindest-month","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/april-is-the-kindest-month\/","title":{"rendered":"April is the kindest month"},"content":{"rendered":"

Gaming grosses were up 5% on the Las Vegas Strip<\/strong> last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than \"\"in 2017 and a 17.5% slide in baccarat win on 9% less wagering. Also, April ended on a Sunday, meaning that the last weekend’s slot revenue hasn’t yet been tallied but will be rolled into May’s results. This month will be more difficult, as last May saw 3% Strip growth and a 12% jump in baccarat win. (Of course, it’s only “win” if you’re the casino; for everybody else it’s called getting your clock cleaned.) Strip slot win was $274 million, up 5.5% on 1.5% more coin-in. Non-baccarat table games were a bonanza, up 18% on 11.5% higher wagering. So, as you see, the house was very lucky in April.<\/p>\n

Downtown<\/strong> vaulted 15.5% to $60.5 million and North Las Vegas<\/strong> shot up 15% to $27 million. The Boulder Strip<\/strong> was good for $78.5 million, a 23% blitzkrieg, while outlying Clark County<\/strong> (including Primm<\/strong> and Mesquite<\/strong>) delivered $101 million for an 8% increase. Laughlin<\/strong> rose 9% for a $46.5 million haul and Reno<\/strong> did even better ($47.5 million) despite being flat with last year. Lake Tahoe<\/strong> rose 12.5% to $15 million, while Elko<\/strong> clocked in with $25.5 million, a 2% increase.<\/p>\n

* Bally Gaming<\/strong> and Glory Global Solutions<\/strong> got off easy in New Mexico<\/strong>, where they were under regulatory scrutiny for having done business with a non-compacted tribe, the\u00a0Pojoaque Pueblo<\/strong>. They could have had their licenses to do business with non-tribal casinos stripped. Instead both \"\"were fined undisclosed amounts of money<\/a> and basically sent to bed with no supper, despite being publicly unrepentant.<\/p>\n

In addition to not losing their existing licenses, Bally and Glory got the New Mexico Gaming Control Board<\/strong> to agree to process their pending licenses. That sounds like a pretty sweet deal from here. As for the Pojoaque, they conceded last fall in their dispute with Gov. Susana Martinez<\/strong> (R) and compacted with the state in return for revenue sharing. Instead of a renegade tribe they are now solid corporate citizens and got off unscathed in the Bally\/Glory investigation. Thus ends (?) one of the uglier chapters in tribal\/state relations of recent years.<\/p>\n","protected":false},"excerpt":{"rendered":"

Gaming grosses were up 5% on the Las Vegas Strip last month and locals casinos did spectacularly well, seeing a 14% increase. The statistics are even more impressive when you take into account one less weekend day than in 2017 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2013,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[77,88,51,76,49,126,78,25,79,31,9,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21801"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=21801"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21801\/revisions"}],"predecessor-version":[{"id":21802,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/21801\/revisions\/21802"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/2013"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=21801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=21801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=21801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}