Nevada casinos score jackpot in revenue

Casino gambling revenue keeps growing in gaming capital, despite fears of an economic slowdown and competition.


NEW YORK (Reuters) -- Gamblers lost $959.8 million at Nevada casinos in June, almost 6 percent more than in the same month a year earlier, helping the state notch record winnings for the fiscal year, Nevada's Gaming Control Board said Friday.

Casino gambling revenue, known as gaming win, keeps growing in the U.S. casino capital, despite fears of an economic slowdown and the growing challenge of Asian gambling enclave Macau and new slot machine facilities on the East Coast.

Nevada marked a record fiscal year for the 12 months ended June 30, winning $12.7 billion from gamblers, up almost 5 percent from the previous 12-month period.

The Las Vegas Strip - the heart of Nevada's casino industry - led the gains, reporting a gaming win of $500 million for June, up 13 percent from a year earlier.

For the 12-month period, the Strip had a gaming win of $6.7 billion, up 6 percent.

Las Vegas Strip properties include casinos operated by Harrah's Entertainment Inc. (down $0.72 to $82.54, Charts, Fortune 500), MGM Mirage Inc (up $0.19 to $75.62, Charts, Fortune 500)., Las Vegas Sands Corp (down $6.90 to $101.25, Charts). and Wynn Resorts Ltd. (down $4.03 to $111.56, Charts)

Other major gambling companies with casinos in Nevada include Boyd Gaming Corp (down $0.54 to $39.52, Charts). and Station Casinos Inc (down $1.17 to $81.83, Charts). Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.