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Double Down: Gaming Revenue, Visitors Fall

LAS VEGAS-Statewide gaming revenue declines on a year-over-year basis for the first time in nearly two years and visitor traffic is down for the second straight month.

By Brian K. Miller | Updated on August 12, 2006

LAS VEGAS-The Nevada Gaming Control Board and Las Vegas Convention and Visitors Authority handed out some sobering news late last week. Statewide gaming revenue declined in June on a year-over-year basis for the first time in nearly two years, and visitor traffic was down for the second straight month.

The state’s 344 reporting casinos won more than $921 million in June, down 3.47% from the same month last year. The state’s last monthly decrease occurred in July 2004, which has one fewer weekend than July 2003. That was not the case this time around, as June 2006 actually had one more Friday than the year-earlier period.

The decline was concentrated in Clark County, with Downtown Las Vegas and North Las Vegas both down about 13% and Strip revenue down 7.1%. The rest of the state was up on a year-over-year basis.

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