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Nevada Gaming Revenue Pops In December

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Nevada Gaming Revenue Pops In December


The Nevada Gaming Control Board released December revenue numbers this week showing that the state’s casino industry closed out the year in a big way. The month brought total gaming revenue of more than $1.4 billion.

This was a 9% increase from the $1.3 billion in December 2022. For the fiscal year (July 1 through
December 31) gaming revenue increased 5.5%.

Details On The Report

The Nevada numbers are in line with major revenue increases seen in other states in 2023 as well. Clark County, home to Las Vegas, provided the vast majority of the state’s gaming revenue with almost $1.3 billion, an increase of 9.8%.

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The famed Las Vegas Strip saw an even bigger increase, totaling $905.4 million, up 11.2% from $814.2 million in 2022. Sin City was home to numerous major events in December, including Raiders and Golden Knights games as well as several large concerts and holiday events.

In downtown Las Vegas, a busy holiday season yielded some nice results as well. The area brought in revenue of $75.9 million, rising 10.3% from $68.8 million for the same month last year.

Elko County also saw some significant gains, reporting gaming revenue of $35.6 – growth of almost 15% from December 2022. South Lake Tahoe reported revenue of $16.1 million, up 3%, while North Lake Tahoe saw $2.1 million, an increase of 2.6%. Reno didn’t fare as well, dropping 7.2% to $54.9 million.

On the individual gaming front, slot machines led the way statewide with $858 million, rising 6.9% from the same time last year. Table games produced $574.6 million, up 12.5%.

State coffers saw some nice gains as well with $84.9 million paid in gaming fees for December, an increase of 27.3% from $66.7 million in December 2022.

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The monthly revenue report came out a bit late after the Control Board’s website experienced some issues regarding the regulator’s website.

“The Nevada Gaming Control Board (NGCB) became aware earlier this week that its public-facing website had been compromised. The NGCB technology personnel initiated immediate steps to protect the website by taking it offline,” board officials noted on Jan. 25.

Other regions have also experienced major numbers in 2023, including record online gaming revenue totals in Pennsylvania and Michigan.

 

 

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for $46 Million

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Mansion on the Nevada Side of Lake Tahoe Swiftly Sells for  Million


A waterfront mansion on the Nevada side of Lake Tahoe just sold for $46 million, less than three weeks after hitting the market. 

The speedy deal marks a departure from the typical U.S. market.

Nationwide, homes took a median 78 days to land a buyer in January, five more than the same time last year and the 22nd straight month of homes taking longer to sell on a year-over-year basis, according to data from Realtor.com. 

Mansion Global Boutique: Book Lovers Rejoice: 8 Must-Haves To Build Your Perfect Reading Nook

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The lavish log cabin-like residence, in Incline Village, listed on Jan. 24 for $47.5 million. It sold 20 days later, on Feb. 13, listing records show. 

The more than 7,000-square-foot residence was built in 2014, and has double-height living spaces, walls of windows, beamed ceilings, fireplaces, and plenty of rustic exposed stone and wood, listing images show. 

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There’s also a gym, a wet bar, a spa, a wine room, an office, two separate game rooms, seven bedrooms and dramatic Lake Tahoe views. Outside, there’s a private sandy beach, multiple decks, a heated driveway and two exterior fireplaces, according to listing information. 

MORE: Visited by Kings and Larger Than Manhattan, Giant Scottish Estate Asks £67 Million

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The seller and the buyer are both limited liability companies, according to property records. Both parties were represented by Jeff Brown of Tahoe Mountain Realty, who declined to comment on the deal. 

The median home price in Incline Village was $1.595 million as of December, a fall of 3.3% from a year earlier, according to data from Realtor.com. Listings, meanwhile, spent an average of 130 days on the market. 



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Green Valley edges Liberty in Class 5A softball — PHOTOS

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Green Valley edges Liberty in Class 5A softball — PHOTOS