The figures, which were released by the Nevada Gaming Control Board last week, show that while the casino industry is recovering from the recession, it is not yet back to where it should be.
“We’re seeing what we all kind of know,” said Mike Lawton, a senior analyst for the Nevada Gaming Control Board. “We’re seeing growth, but it’s a little different than we’re used to seeing. You’re seeing spending patterns changing and becoming much more event driven.”
As a whole, Nevada’s casinos recorded a $3.9 billion loss on gross revenues of $22 billion. While this figure was down 13% from peak levels in 2007, it was a 5.6% increase from one year ago.