Joe Duck

Have Blog. Will Travel.

Viva Las Vegas for Casino Profits

This Hotel Interactive article offers some great data about the Las Vegas Casino scene in terms of economic impact. As you’d think it’s a staggering cash flow – some 2.1 billion profit on 24 billion in revenues from the 274 properties in Nevada reporting more than a million in profit for the year.

Here are some notable items from this report:

Gaming accounts for 49% percent of total revenue = $11.8 billion.
Rooms = 20% = $5 billion
Food = 14%
Average revenue per casino hotel resort was $88 million (!).
Casinos paid $928 million in state gambling tax and license fees (!).

Slot machines accounted for 67% of gaming revenue.
Poker accounts for only 1.4 percent of gaming revenue.

The Las Vegas Strip: $14.9 billion revenues and profits of $1.25 billion.
Downtown Las Vegas: $1.2 billion in revenue and a profit of $140.6 million.

Hey, here’s my brief Las Vegas History based on the PBS show about Las Vegas.

Las Vegas Blog

August 13, 2007 Posted by | casinos, Las Vegas, tourism, travel | 12 Comments

   

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