P.M. BRIEFING : Casinos Win Again--$4.43 Billion
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CARSON CITY, Nev. — Gamblers lost a record $4.43 billion in Nevada casinos in fiscal 1989, giving the clubs an 8.8% revenue gain that was 1% lower than the prior fiscal year’s percentage gain.
“It’s off 1%,” said Gaming Control Board spokesman Harlan Elges who released the fiscal year figures. “But on the other hand, the revenue base continually climbs higher and higher, and it’s more and more difficult to get strong percentage increases.”
Elges added that the fiscal 1989 collections were “still good” and showed a dollar gain of about $360 million for the resorts.
In the Las Vegas area, clubs grossed $3.18 billion of the 1989 total, or about 70% of all the winnings, for a 12.2% increase over fiscal 1988.
In the Reno area, the take was $734.8 million for a gain of slightly under 1%.
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