The terminology “pre-Sept. 11 figures” finally can be eliminated from discussions on the health of Nevada’s gaming industry.
State casinos won $10.6 billion during calendar year 2004, a 9.7 percent increase over 2003’s total win of $9.6 billion and the highest total win in Nevada history, the Gaming Control Board reported Friday.
The win also marked the first time the total cracked the $10 billion barrier.
Frank Streshley, senior research analyst for the control board, said the increase was the largest percentage jump in five years, with 10 of the 12 months reporting new records. March 2004 was the largest single month ever in Nevada with a win of $930 million.
“What makes this impressive is that we did this without the opening of any new resorts and without the addition of a tremendous amount of new casino space or hotel rooms,” Streshley said.
“The Bellagio opened a new tower in December, and that’s the most significant opening in 2004.”
Following the terrorist attacks of Sept. 11, 2001, tourism figures decreased somewhat, especially travel to Nevada from foreign destinations. State gaming win decreased from 2000’s $9.59 billion to $9.47 billion in 2001 and $9.44 billion in 2002, then climbed back slightly in 2003.
Gaming analysts have used the term “pre-Sept. 11 figures” as a way of describing a base point of comparison in determining the health of the industry.
“Gaming and the tourism industry are firing on all cylinders,” Streshley said.
“I think we’re past the comparison (to gaming …Read More