Casino Revenue down in Nevada!

Ok, ok the title might be true, but even though casinos in Nevada have gone through 14 straight months of lower revenue I still don’t think $1 billion in earnings (casino win) is all THAT bad!!!

But I’m getting ahead of myself I think! Let me start at the beginning... I was reading an article in the Mercury News the other day and it stated that casinos in Nevada have experienced a downturn in what they term casino win (casino win is the amount of money left in the casino coffers after the total amount players have wagered). According to the article $1 billion was left in the coffers after gamblers wagered $12.7 billion in April (including $10.5 in slot machine bets).

WHAT? They still have $1 billion left in the coffers? How on earth can they complain? Sure it’s not $2 billion and we can see it’s not $10 billion but PLEASE, PLEASE don’t tell me that $1 billion is chump change! Anyway, economic downturn is cyclical and what comes down will go back up. Or in the Nevada casino case – up and up and up!

Ok, I’ve had my gripe. I just don’t think that they should complain (admittedly this report does not say they are complaining, but you just need to look around the internet to see what I mean) when they still have $1 billion in their coffers. Well dear players, I’m off for a nice 3 day weekend, so I hope you all have a great time and I’ll see you in the software!

Justin