Tahoe casinos do poorly in March
Casinos on both ends of Lake Tahoe posted revenue from March that was well below 2014 numbers.
Statewide the gains were also down. The Nevada Gaming Control Board on April 29 said casinos won $951.2 million last month. This is a drop of 3.2 percent from last year.
South Shore casinos collected $13.9 million, a decrease of 6.8 percent from 2014. North Shore clubs brought in $1.5 million, a 15.3 percent year-over-year decline.
— Lake Tahoe News staff report
Considering March was the 2nd month of operation for the brand new Hard Rock, and such an addition should, or was supposed to, add to South Tahoe’s gaming desirability & bottomline, definitely a bad monthly report!
Not a robust comparison. March 2014 was an outlier month with a huge spike in Table Games hold %. March 2015 is 9% higher than March 2012 and 23% higher than March 2013.
Well Feb. was up, but only by 5.66%. Combine the two months, the first 2 months of the new Hard Rock, and we’re talking flat numbers.
Two months combined is no fluke. And dissappointing with such a significant new addition to our gaming market!
its called no snow!! Visitors were down in March. But i have heard advance bookings for the summer are waaay up so that should be good.
It’s called 2015 v. 2014. Both were drought years.
But Yes, we’ll see what Spring & Summer bring? If this Summer is up from last Summer, and last Summer was a good one, great!