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Nevada Set A Gaming Revenue Record In 2022 With $14.8 Billion

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Nevada Set A Gaming Revenue Record In 2022 With .8 Billion



With a 22-month streak of $1 billion-plus income, the Silver State minted cash final yr—however analysts anticipate a downturn in 2023.


Don’t guess in opposition to Las Vegas. Casinos throughout Nevada introduced in $14.8 billion in playing income in 2022—a brand new annual document, in line with the Nevada Gaming Management Board.

Final yr’s complete gaming income elevated 10.5% from 2021, when the state set its earlier document of $13.4 billion. The state’s gaming business roared again to life over the past two years after struggling via the pandemic-induced recession and has posted 22 consecutive months of greater than $1 billion in month-to-month income.

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“The yr wasn’t a shock, we knew we had been going to set a document for a few months,” says Michael Lawton, senior financial analyst on the Nevada Gaming Management Board. “It is an amazing yr when it comes to comeback and exhibiting the energy of our gaming-tourism business.”

Nevada had truly eclipsed the 2021 document by November 2022, however December was a record-setter as effectively, with casinos reporting $1.3 billion in income. “December got here in a lot stronger than we had anticipated,” says Lawton. The Las Vegas Strip set an all-time month-to-month document over the last month of the yr with $814 million, which is up 25% in comparison with December 2021. “It was a shock,” Lawton provides.

There are a number of forces that drove Nevada’s document yr. A stocked occasions calendar and lingering results of pandemic stimulus checks helped drive vacationers to the Las Vegas. However the strongest issue was a “regular demand” for playing, Lawton says, by “resilient prospects” who persistently selected to go to Vegas within the face of inflation, recession fears and rising gas costs. In keeping with a report by the Las Vegas Conference and Guests Authority, 38.8 million individuals got here to town in 2022, up 20.5% since 2021. In comparison with 2019, the variety of guests to Sin Metropolis continues to be down practically 9%. The Las Vegas Strip led the state in income final yr with $8.28 billion, which is up 17% from $7.96 billion in 2021.



Slot machines, the on line casino money cow, generated $10 billion in income final yr throughout Nevada. Slot income made up 67.4% of complete gaming win. Penny slots generated 9.8% of complete slot win with $3.59 billion. Desk video games, on the identical time, set an annual income document for the class with $4.83 billion, a 15.3% leap in 2022 in comparison with 2021.

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Sports activities books generated $446.7 million in income on $8.7 billion in wagers. Income and wagers in 2022 broke the earlier yr’s document of $445.1 million in income derived from $8.1 billion in wagers. Baccarat surged final yr with $1.18 billion in income, an enormous 25.4% enhance over 2021. Blackjack introduced in $1.29 billion, a 14.4% enhance over 2021, craps hit $447.2 million, a 9.7% enhance, and roulette made $456 million, an all-time document for the sport.

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However Nevada’s income development received’t proceed eternally. In keeping with a memo printed in January by Fitch Scores, the gaming business is prone to expertise a “demand pullback” after final yr’s “exceptionally robust efficiency.” The credit standing company predicts playing revenues in Las Vegas to drop 10% over 2023 as a result of broad financial slowdown.

“We anticipate revenues to renew low single-digit proportion level development in 2024, pushed by favorable secular developments equivalent to recovering group and conference companies,” the Fitch memo reads. “This could end in a much less extreme downturn than skilled in the course of the 2008-2009 world monetary disaster.”

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Brendan Bussmann, the managing companion of B International, a consulting agency targeted on gaming and hospitality, has a rosier outlook. He factors out that enterprise journey and conventions nonetheless haven’t recovered to pre-pandemic ranges, that means there’s some upside that also hasn’t been realized. Conference attendance was up 126% final yr in comparison with 2021, in line with LVCA’s newest report, however attendance continues to be down in contrast with 2019. Conventions introduced 6.6 million individuals to Sin Metropolis in 2019 and drew solely 4.9 million individuals final yr. Bussmann says that whereas $1 billion in month-to-month gaming income has grow to be the brand new benchmark, a recession will surely finish the 22-month profitable streak.

“You assume this yr is popping out robust based mostly off of what we ended up with in December, and that can proceed to development,” says Bussmann. “We nonetheless have some financial bumps on the street, however [the industry] appears to be weathering the storm.”

Lawton says even when demand pulls again in 2023, month-to-month income is prone to proceed to be robust. With double digit good points over final yr, a downturn must be extreme to knock Nevada under pre-pandemic ranges.

“I do not know what the brand new what the brand new actuality goes to be,” says Lawton. “When you would have requested me a yr in the past, I might have stated we are able to’t maintain this, nevertheless it’s been 22 months. And also you’d need to have a major drop off—greater than 23%—to get again to 2019 ranges.”



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Nevada Supreme Court upholds Las Vegas judge ruling siding with Backstreet Boys’ Nick Carter in part of sex assault lawsuit

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Nevada Supreme Court upholds Las Vegas judge ruling siding with Backstreet Boys’ Nick Carter in part of sex assault lawsuit


LAS VEGAS (KLAS) — The Nevada Supreme Court ruled Tuesday that Backstreet Boys’ Nick Carter can go forward with his countersuit against a woman who accused him of sexually assaulting her after a concert in 2001.

The ruling, filed Tuesday, Nov. 27, comes more than a year after Judge Nancy Allf denied an anti-SLAPP motion filed by Shannon “Shay” Ruth. The anti-SLAPP law, which stands for strategic lawsuits against public participation, is intended to prevent one party from intimidating another in the legal process.

Ruth was part of a 2022 lawsuit that claimed Carter sexually assaulted several young women in the early 2000s. Ruth claimed in the lawsuit that she was 17 years old when Carter, who was 21 at the time, gave her alcohol, raped her, and threatened her if she told anyone, documents said.

In February 2023, Carter filed a countersuit against Ruth and another woman named Melissa Schuman, who claimed he assaulted her in the early 2000s, however, the statute of limitations in that case expired before charges could be filed.

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Carter denied both accusations. His countersuit against the women claimed defamation, civil conspiracy, abuse of process and intentional interference with contractual relations.

In August 2023, Allf denied the anti-SLAPP motion filed by Ruth. Ruth then filed an appeal which brought the case to the Nevada Supreme Court in an attempt to overturn Allf’s decision.

On Tuesday, the court affirmed Allf’s decision, meaning Carter can go forward with his countersuit.

According to the ruling, Carter produced affidavits from several witnesses that, if true, show that the assault Ruth described could not have happened.

Ruth said she met Carter in an autograph line after a Backstreet Boys concert, however witness affidavits state that Carter and the rest of the band left the venue right after the show and there were no autograph lines after that concert, the ruling stated.

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Additional affidavits from the band’s security detail said the band, including Carter, performed a “quick out” after the concert in question, meaning the band “would rush to their individual tour buses and leave the venue,” stating “it would be impossible for any fan to be alone with any of the band members on their tour bus” due to security protocols, according to the ruling.

Carter also produced an affidavit from Ruth’s close friend who said she believed that Ruth did not even attend the concert in question.

“We conclude that Carter’s evidence, if believed, establishes that Carter did not sexually assault Ruth following the Backstreet Boys concert in 2001, such that Ruth’s statements describing such an incident would perforce be made with knowledge of their falsity,” the ruling filed Tuesday read.

A Supreme Court ruling on Schuman’s similar appeal is also anticipated.

Ruth and Schuman were named because they chose to identify themselves as victims of sexual assault. 8 News Now does not identify victims of sexual assault unless they choose to publicly come forward.

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Union urges Mesquite police chief’s ouster

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Union urges Mesquite police chief’s ouster


Many of the residents who packed Tuesday night’s Mesquite City Council meeting said they were “disappointed” by the police union’s complaints against the chief of their city’s police department.

While meeting attendees spilled out of the overflow rooms, a union leader told the mayor and council that the Mesquite Police Officers Association held a vote of “no confidence” in Chief MaQuade Chesley’s ability to run the Mesquite Police Department.

Andrew Regenbaum, who is executive director of the Nevada Association of Public Safety Officers, said a “strong majority” voted that they weren’t confident in Chesley’s leadership.

Nepotism and retaliatory behavior on the part of the chief, Regenbaum alleged, spurred the Mesquite association to hold the vote.

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Regenbaum implored city leaders to act Tuesday night.

“I urge you to consider the significance of his actions and this vote of no confidence and take appropriate action,” Regenbaum said.

After Regenbaum spoke, dozens of residents lined up behind him to make their own comments. Many said they backed Chesley and expressed frustrations about what they said was the vagueness of Regenbaum’s statements.

One resident, Sue Hanks, said she “wanted the facts.”

“I want to know exactly what Chief Chesley has done to the detriment of our Mesquite community,” Hanks said.

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Another, Jeffery Smith, who has worked as an officer with the department for years, said that the Mesquite Police Officers Association does not “speak for” him. For more than 30 minutes, residents came to the podium to share their disdain for the allegations. Several called it a “witch hunt.”

One called members of the MPOA “cry babies.”

“You better consider that he (Chesley) has done one heck of a job,” said Ron Richmond, a former Mesquite Police Department detective. “I started in 1996, and we never used to do this. (You) work and shut up. You’re not going to get everything you need.”

Chesley, who sat in the audience for the meeting, gave one of the final remarks of the forum. He said that his commitment to the department had never wavered. He also shared that since he became aware of the concerns that the union has with his leadership, he has created a five-year “plan for improvement.”

“The plan focuses on critical areas designed to enhance our internal operation and the service we provide to our community. Some of those areas are open communication and active listening,” Chesley said. “We want to make sure our officers are supported and that their wellness is maintained throughout their careers.”

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Unlike one woman whom Mayor Allan Litman interrupted after exceeding the allotted three minutes, the council allowed Chesley’s remarks to go longer than the time limit. The crowd gave him a standing ovation after.

A handful of people dressed in MPOA T-shirts sat near the back of the chambers. One scoffed while Chesley spoke.

During their comments to the council, Mindy Hughes and Brent Horlacher, who had been sitting with the MPOA supporters, insisted that a thorough investigation be done. They said the police union should not be villainized.

“It is the union’s job to demand transparency and honesty from the government entity, as well as any citizen would expect,” Horlacher said. “That is the mission of MPOA. It’s not to hurt anyone. It’s not to talk bad about anyone. It’s not to ruin anybody’s life. It is, however, an essential function of the MPOA to seek truth and accountability from those elected and appointed by the city of Mesquite.”

In an interview after the meeting, Regenbaum told the Review-Journal that he could not discuss specific incidents but that Chesley had “weaponized internal affairs against people in the department who disagreed with him.” According to Regenbaum, the chief had also hired out-of-state friends and given them more favorable pay scales.

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“It is not unusual that he (Chesley) would bring out all his supporters,” Regenbaum said. “What is important is that the MPOA rank and rile had the courage to do something of this magnitude.”

Contact Akiya Dillon at adillon@reviewjournal.com



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‘Administrative errors and confusion’: Governor calls on lawmakers to speed up election certification process

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‘Administrative errors and confusion’: Governor calls on lawmakers to speed up election certification process


LAS VEGAS, Nev. (FOX5) – Election reform is on the table as Nevada finally certified the 2024 election results Tuesday. Certifying the election is part of a long process that leads to the electoral college confirming the results next month. But changes could be coming to the way the state counts its votes in future elections.

No more waiting on Nevada.

That seems to be Governor Joe Lombardo’s goal after the Silver State took its time counting those votes.

Now we know why, according to Secretary of State, Cisco Aguilar.

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“First, let me start by addressing the obvious. It has been a challenging election cycle,” Secretary Aguilar said.

Those challenges played out on a national stage, as Nevada was one of the last states to be called. Now the governor is calling for change after the Nevada Supreme Court certified the general election saying in a statement, “The time it takes to count ballots and finalize our elections in Nevada is simply unacceptable. Nevadans deserve timely election results, and all ballots should be received by election day.”

That’s what the governor wants in the future. That’s not what’s happening now.

Especially since mail-in voting proved to be the most popular way to cast a ballot this year as 45% of Nevadans mailed it in, 37% voted early, and 18% voted on election day.

Mail-in ballots that are postmarked on or before the day of the election and received by the fourth day after election day are accepted and processed.

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That led to a backlog of votes to count.

Secretary of State, Cisco Aguilar seems open to changing things up for next time. “We have a responsibility to start to build that capacity to ensure we are processing mail ballots in a way that gives us the opportunity to provide the results as close to election night as possible,” Aguilar said.

Since Secretary Aguilar doesn’t want states waiting on Nevada anymore, he suggested a few changes.

“We are all determined to make improvements and suggest legislative steps to ensure our elections remain free and fair, with a focus on continuously improving the voter experience,” Secretary Aguilar said.

But Aguilar admits there were some snafus that led to delayed results among a lot of first-time election officials.

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“They continue to deal with the rapid turnover of staff, in an increasingly complex requirement. Those requirements and turnover led to administrative errors and confusion,” Secretary Aguilar said.

Governor Lombardo says ballot issues should be immediately addressed in the next legislative session. That begins in February 2025.



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