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Nevada casinos see steep revenue declines in December – Nevada News and Views

( Robert Davis) Nevada’s gambling revenue saw steep declines in December, according to data from the state’s Gaming Control Board (GCB). The the state’s casinos reported $683,733,423 in gaming win for Dec. 2020 down 35% from $1,057,539,090 in Dec. 2019, the agency  said in a press release Thursday. Nevada also collected $30 million in percentage fees this month, a 40.38% decrease when compared to Jan. 2020. Clark County, home to Las Vegas, saw the steepest decline in winnings at $556,961,099, representing a 39.3% decrease. The Las Vegas Strip saw its year-over-year gaming win get cut in half, totaling just $292,016,528. June proved to be the money month for many casinos based on the state’s collection fee revenue. When compared to the previous fiscal year, the month brought in more than double its fee revenue, totaling $126,178,295, according to GCB. However, four of the preceding six months wrought double-digit declines in percentage fee collections. The worst of

Burdened by pandemic, Nevada casinos saw $6 billion revenue drop in 2020

Burdened by pandemic, Nevada casinos saw $6 billion revenue drop in 2020
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Is now any time to raise the property tax?

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Nevada gaming regulators: How many casino workers will receive COVID-19 vaccinations?

Newsroom Howard Stutz, CDC Gaming Reports · January 19, 2021 at 7:29 am Nevada gaming regulators want to know how many of the state’s frontline casino industry employees want to receive a vaccination for COVID-19 and the Gaming Control Board is asking gaming operators to survey their workforce. The agency issued a notice to nonrestricted gaming license holders last week to complete a Licensee Workforce Vaccination Survey. Casino operators are collecting both a company’s information on how many frontline workers deal directly with customers and their willingness to be inoculated. Frontline casino employees are now included among essential workers in the state’s COVID-19 vaccination strategy. Gaming Control Board Chairman Brin Gibson said in an email the agency wants to provide state and county health officials with as much information as possible regarding potential vaccine distribution.

Nevada leaders remember Vegas trade show, hospitality pioneer Sheldon Adelson

Nevada leaders remember Vegas trade show, hospitality pioneer Sheldon Adelson Remembering Sheldon Adelson with a look at his life and his influence on Las Vegas and beyond. and last updated 2021-01-12 16:47:58-05 LAS VEGAS (KTNV) — Several Nevada leaders have shared their thoughts on the passing of casino mogul and Las Vegas Sands CEO Sheldon Adelson. The 87-year-old passed away on Monday from complications related to his treatment for non-Hodgkin s lymphoma, according to his company. Adelson helped developed the COMDEX trade show, which became the premier trade show for the computer industry in the ‘80s and ‘90s. He also purchased the legendary Sands Hotel in 1988 and immediately built the Sands Expo and Convention Center with partners.

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