Nevada Casinos Revenue Down in January

People spend a lot of money during the holidays. Most of them put their gifts and other spending on credit cards. When those bills come due in January, it usually makes for a slow month for businesses. Casinos are supposed to be different, however. They are a form of entertainment and in Nevada, it should not matter what month it is, numbers should never be down. January revenue was down nearly five percent from the same month in 2007 for casinos in Nevada. The win was $1.06 billion for the month. Several factors played a role in why the casino revenue numbers were down. One casino, the Monte Carlo, was shut down after a fire broke out at the top of the building. The weather was poor for the month, also contributing to the lower numbers. Casinos on the Las Vegas Strip, popular among gamblers, were only down 1.3 percent from 2007. The only area that experienced higher numbers than in 2007 was Mesquite. Revenue was up 25.9 percent from 2007. Slot machines continue to be the major money maker for casinos. The total win for January was $1.06 billion, and slots accounted for $700 million of that number. The rest was accumulated by live games. Hotel and bar sales are not included in any of these figures. The state is hoping for a return to the positive in the coming months.  Source:http://www.casinogamblingweb.com/

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