South Shore casinos end fiscal year with "win" up 7 percent
Submitted by paula on Fri, 07/28/2017 - 6:54am
Casinos on the South Shore of Lake Tahoe had a gaming "win" of $16,742,788 in June, bringing their fiscal year totals to $223,038,389, 7.37 percent ahead of last year. The "win" represents the computed income of casinos before business expenses and taxes.
Their June win was an 9.38 percent increase over the same month in 2016.
The South Shore casinos came in second on the percentage of annual wins, beat by downtown Las Vegas casinos, whose fiscal year win was up 10.75 percent.
Nevada as a whole was almost even in June and saw a 2.9 percent increase for the year with casinos ahead on tables and slots $11,444,388,104.
The figures released by the Nevada Gaming Control Board showed many areas in the black for June and just two locals in the loss side for the fiscal year of July 1, 2016 to June 30, 2017.
Those two in the loss column were the Boulder Strip, down .47 percent and the North Lake Tahoe casinos down 2.47 percent.
North Lake Tahoe casinos had a win of $2,113,978 in June, down 15.47 percent when compared to 2016. Their year's total win of $25,309,163 was down $642,064.
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