Gaming Control

CARSON CITY – A broader measure of Nevada’s unemployment picture, including those who have given up looking for work, showed slight but continued improvement through the first quarter of 2012, a federal report released today shows.

The rate in Nevada dropped from 22.7 percent in the four quarters through Dec. 31, 2011, to 22.3 percent through March 31, according to the quarterly report from the U.S. Bureau of Labor Statistics.

CARSON CITY – Nevada casinos won $932.2 million in February for a 5.7 percent gain over the same month in 2011, even without the Chinese New Year event that annually brings high rollers to the Las Vegas Strip, the Gaming Control Board reported today.

AA Gaming Inc., and its owner Alan Adams, negotiated a settlement in February with the Nevada Gaming Control Board that will result in a $2,000 fine and the loss of the company's unrestricted gaming license.

AA Gaming was issued a license in 2008 to operate slot machines in Doppelganger's in downtown Carson City. AA Gaming continued to operate the slot machines after the bar reopened as High Sierra Brewery under new owner Jim Phalan. Adams continues to own the building.

Adams also formerly owned half of the Carson Nugget Casino until it was purchased by the Mae Adams Trust.

CARSON CITY – It was the month the Nevada gaming industry and state political leaders were waiting for: the casino industry won more than $1 billion from gamblers in January, a double-digit rise fueled by a nearly 30 percent increase on the Las Vegas Strip.

The reason:  The Chinese New Year came in January instead of February this year. The celebration, which brings high rollers into Nevada’s casinos, ran from Jan. 23 to 29.

All areas of Clark County posted gaming win increases for January, leading to an 18.37 percent gain statewide over prior year.

The Gaming Control Board report released today showed that casinos on the Las Vegas Strip took in $623,512,323 in January, a 29.16 percent increase over the year before.

CARSON CITY – Nevada’s casinos brought in $855.7 million in gaming revenue in December 2011 for a 2.1 percent gain over the same month in 2010, the state Gaming Control Board reported today.

The Las Vegas Strip saw a 3.6 percent gain, bringing in $518.4 million.

Gaming win statewide was up just over 2 percent in January compared to the prior year, according to the monthly Nevada Gaming Control report.

For the fiscal year, the state is up 1.24 percent over the prior year.

South Lake Tahoe say its gaming win jump 6 percent in January and 6.63 percent for the fiscal year, despite the lack of snow to draw in skiers to the area.

The Carson Valley area that includes Carson City was up almost 5 percent. For the fiscal year, the area is still down 1.5 percent.

CARSON CITY – A panel of key gaming figures and state officials will begin meeting next month to consider the impact of Internet gaming and other technological advances on Nevada’s major industry.

Gov. Brian Sandoval announced his five appointments to the Gaming Policy Committee yesterday. The full 11-member committee has not met since 1984. Sandoval will serve as chairman.

CARSON CITY – Several major events in Las Vegas, including the final table at the World Series of Poker, combined with a healthy baccarat win, pushed Nevada gaming revenues up 7.1 percent in November, the Gaming Control Board reported today.

Nevada Gaming Control Board has filed a complaint against AA Gaming and owner Alan H. Adams, which operates 17 slot machines at High Sierra Brewery, for failure to submit reports about changes in personnel at the establishment.

According to the complaint, AA Gaming did not submit required reports to the board from the time the company received its gaming license in June 2008 to present.

At the time the license was issued, the establishment was doing business as Doppelganger's, owned by Adams, former co-owner of the Carson Nugget.

CARSON CITY – Nevada’s major casinos saw total revenues increase to $22 billion last fiscal year, but the 256 properties reported a net loss of just under $4 billion, the Gaming Control Board reported today.

It was the third year of losses in a row. The only other loss since records have been kept came in 2002.

The report, called the Nevada Gaming Abstract, analyzes those casino properties grossing $1 million or more in gaming revenue for the year ending June 30, 2011.

The Nevada Gaming Control Board released its Nevada Gaming Abstract for 2011 today, which shows profits for Nevada casinos rose 16.4 percent. But even with the increase, overall casinos were almost $4 billion in the red.

For the Carson Valley area that includes Carson City, profits rose 222.4 percent.

Read the report below:

CARSON CITY – Nevada’s gaming win declined 6.1 percent statewide in August over August 2010, but the downturn is not as significant as it might appear, a Gaming Control Board analyst said today.
Nevada’s casinos won $886.9 million in August, nearly $58 million less than the same month last year, said state gaming analyst Michael Lawton.

Good news for South Shore Lake Tahoe casinos to report this morning. Gaming establishments at Stateline saw a 25.42 percent increase in revenue over July 2010 figures, according to figures released today from the Nevada Gaming Control Board.
Carson Valley casinos, which include Carson City, Minden, Garderville had a 2.6 percent decline in July. Casinos took in a win of $8,699,046. In July 2010 it was $8,900,097. Statewide, casinos had an overall 3.66 percent increase in "gaming win" for the month.

CARSON CITY — Gov. Brian Sandoval today announced he has named William Chisel as Director of the Nevada Department of Taxation, effective Monday, September 12th.

CARSON CITY – When Jeff Mohlenkamp decided to accept the job as Nevada’s newest budget director, he knew going in it was going to be a challenge.
The state’s economic slump continues to be a drag on funding government services, although gaming and sales tax revenues have shown some improvement in recent months.

Nevada casinos saw a nearly 16 percent jump in winnings for June, capping the fiscal year with signs that business is beginning to come back.Gaming Control Board Analyst Mike Lawton confirmed the t...

Statewide casino revenue from gaming jumped more than 16 percent for the month of May compared to the same time last year, the Nevada Gaming Control Board announced today.

Nevada’s nonrestricted gaming licensees reported a total “gaming win” of $984,014,981 for the month of May 2011. This amounts to a 16.16 percent increase compared to May 2010, when licensees reported a gaming win of $847,136,303.

For the fiscal year (July 1, 2010 through May 31, 2011), gaming win has increased 1.94 percent.

Nevada is about to shorten and streamline the process of determining gaming licensing suitability for applicants, and gaming law students at the William S. Boyd School of Law can claim the credit.
The bill was created and lobbied by students in cooperation with the gaming control agencies. Gov. Brian Sandoval signed A.B. 213 into law near the end of the legislative session.

CARSON CITY – Gov. Brian Sandoval today announced he has appointed Jeff Mohlenkamp as director of the Department of Administration effective July 11.
“I am pleased to announce that Jeff has agreed to join the team and lead the Department of Administration,” Sandoval said. “With more than 20 years of experience in state government, Jeff’s depth and breadth of experience across several agencies will be a strong asset to both my office and the department as a whole.”

Gaming licensees reported basically flat win numbers for April at $806 million.While that is a half percent down from the same month of 2010, Gaming Control Board analyst Mike Lawton said part of t...

Statewide gaming revenues for Nevada casinos were down about a half of a percent in April, with a 3 percent decrease for the Carson City area, but up by nearly 15 percent for South Shore Lake Tahoe, the state's Gaming Control board reports this morning.

A Las Vegas slot company owner won preliminary approval from the Gaming Control Board on Wednesday to buy Carson Station casino from Clark Russell.Roy Bedore and 777 Gaming must now get that recomm...

Nevada's casinos had a good month in March, posting a 5.13 percent increase over prior year according to figures released today by the Gaming Control Board.

The increase was led by a 12.89 percent increase on Las Vegas Strip, the state's largest gaming region. The Strip's blockbuster month made up for the declines posted at most of the other gaming regions. South Lake Tahoe posted the worst March numbers, a decline of 29.8 percent over prior year.

The Carson Valley region that includes Carson City posted a modest gain of .93 percent.

Nevada casinos didn't have a great February, with the gaming win down 6.84 percent statewide compared to prior year.

The Gaming Control Board report for February showed the Las Vegas Strip down 9.56 percent, while North Lake Tahoe was down more than 15 percent. The Carson Valley area that included Carson City was down 2.89 percent.

For the fiscal year, the state gaming win is still in positive territory, but barely, .09 percent over prior year.

See the attachment below for the complete report.

By Sean Whaley / Nevada News Bureau
CARSON CITY – While much of the economic news about Nevada is gloom and doom, a new report prepared for Secretary of State Ross Miller shows new business filings in the last quarter of 2010 turned positive for the first time since mid-2006.

The turnaround suggests the worst of the economic slowdown may be behind us, according to the report.

CARSON CITY – While much of the economic news about Nevada is gloom and doom, a new report prepared for Secretary of State Ross Miller shows new business filings in the last quarter of 2010 turned positive for the first time since mid-2006.
The turnaround suggests the worst of the economic slowdown may be behind us, according to the report.

Casinos in Carson City and Carson Valley saw a 10.57 percent increase in "win" revenue for the month of January, the Nevada Gaming Control Board reports this morning.

The Carson City region, which includes Gardnerville and Minden, took in revenues of just over $8 million, up from $7,016,253 from January 2010.

Casinos at South Shore Lake Tahoe saw a 7.85 percent decline in gaming "winnings" over January 2010. North Tahoe had an increase gaming win of slightly over 1 percent.

Statewide gaming revenue decreased nearly 2.4 percent in December, with Carson City and Carson Valley down 3.5 percent, according to Nevada Gaming Control Board figures released today.

For the fiscal year, however, gaming win has increased 1.5 percent statwide and 1.09 percent for the Carson City area, the state's gaming board shows.

On the plus side, Reno casinos saw a gaming win of 1.74 percent; as did Elko County. See attached PDF.

Gaming revenue for the Carson City and Carson Valley areas for fiscal year 2010 were among the state's best considering overall statewide declines, according data released today by the Nevada Gaming Control Board.

Gaming Revenue for the Carson City and Carson Valley area was down 4.3 percent for fiscal year 2010 over 2009 figures. The Las Vegas strip reported the best revenue figures, down 3.1 percent, according to the control board.