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Nevada’s $1 Billion Gaming Revenue Streak Reaches 18 Months

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Nevada’s $1 Billion Gaming Revenue Streak Reaches 18 Months



The beginning of faculty soccer season helped ship $1.2 billion for August—pushing the Silver state 14% forward of the 2021 document income 12 months.


Tright here isn’t any finish in sight for Nevada’s successful streak. The Silver State reported its 18th consecutive month of greater than $1 billion in playing income.

In accordance with the Nevada Gaming Management Board, Nevada collected $1.2 billion from its casinos in August, up 26.7% over the identical month in 2019. The trade shortly recovered from the pandemic-induced recession in 2020 and is holding regular as gaming income was up 3.5% in comparison with August 2021.

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Casinos on The Las Vegas Strip collected $660 million, a 5.2% improve from final August. “The Strip is carrying the load,” says Michael Lawton, senior financial analyst on the Nevada Gaming Management Board.

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After a four-month downturn, the markets exterior of The Strip are again up. With month-to-month income decreases between April and July, Nevada’s different playing jurisdictions grew barely in August by 1.6%.

Slot machines did probably the most work for the state by bringing in $847.1 million, a 2.5% improve from final 12 months. Gamblers misplaced $361.4 million at desk, counter and card video games, a 6% improve. Baccarat got here in third with $96.7 million, a 4% improve, whereas sportsbooks collected $16.1 million, up 12%, and cell sports activities betting introduced in $9.9 million.

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August got here in about $100 million down from July, when the state rang up $1.3 billion in gaming income—up 28.4% from pre-Covid-19 ranges in July 2019. However August is normally slower, partly because of the excessive warmth. In accordance with the Nevada Gaming Management Board, August playing income is usually down about 9% in contrast with July. The Las Vegas Conference and Guests Authority reported that 3.2 million folks got here to Sin Metropolis in August, a 6.4% improve over final 12 months. However customer quantity to the playing hub is down 11% in contrast with pre-pandemic ranges in 2019.

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Because the economic system heads in the direction of a recession, Lawton says Nevada has a pleasant buffer due to all the expansion it has skilled through the rebound. If playing income drops 10% Nevada will nonetheless be above pre-pandemic ranges. “We must fall off a big cliff to be decrease than 2019 ranges,” says Lawton. “We’re hoping if there’s a downturn, it’s not dramatic. If we see a ten% drop off, we might nonetheless have extraordinarily good numbers.”

Whereas home leisure vacationers have helped Nevada surpass pre-pandemic ranges, worldwide and enterprise journey are each nonetheless down in comparison with 2019. Because of this there’s room to develop.

Nevada is on tempo to beat its document of $13.4 billion in annual playing income it collected in 2021. By means of August, Nevada collected $9.8 billion, a 14% improve in comparison with the identical time final 12 months. “We’ve 4 extra months, and we’re 14% above an all-time document,” says Lawton.

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Nevada’s streak will come to an finish, however the query is when. Hitting $1 billion in playing income every month by the remainder of the 12 months is probably going. “That’s the million-dollar query,” says Lawton. “However after I look on the market, I like what I see. I don’t see an imminent drop-off. There’s no softness on the horizon.”



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National park leaders hold virtual event to discuss public safety for summer

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National park leaders hold virtual event to discuss public safety for summer


As the summer begins, plenty of travelers will spend their time visiting national parks.

Locally, that means increased activity at Lake Mead National Recreation Area, Grand Canyon National Park and Death Valley National Park.

Those looking for safety advice were able to take part in a virtual round table Tuesday with national park rangers and experts.

Attendees got the opportunity to hear tips and advice on topics — including trip planning and heat, water, and wildlife safety — from professionals. In addition to officials from Lake Mead, Grand Canyon and Death Valley, other experts from national parks included:

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— Blue Ridge Parkway (North Carolina, Virginia).

— Chattahoochee River National Recreation Area (Georgia).

— Delaware Water Gap (New Jersey, Pennsylvania).

— Grand Teton National Park (Wyoming).

National Park Service mortality data 2014-2019.
National Park Service mortality data 2014-2019.



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Inside a Polish-Nevadan’s efforts to bring more international business to Nevada

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Inside a Polish-Nevadan’s efforts to bring more international business to Nevada


When Rafael Kartaszynski moved to Nevada from Poland five years ago and wanted to start his own tech consulting company, he found success thanks to connections he made in the state and wants to help others looking to make the move.

He was lured to the state after having the chance to attend a Nevada Governor’s Office of Economic Development trade mission program that highlighted the benefits of operating a business in the Silver State. Kartaszynski went on to launch Tech Edge Developers, a consulting firm for other tech companies and startups, after moving to Nevada in 2019.

But not all international entrepreneurs have that opportunity, especially as Nevada isn’t a place with a long history of supporting novel business ventures.

To make it easier for other international entrepreneurs to find resources and get a head start in Nevada, Kartaszynski created Visionaries NV, an organization designed to connect others like him to Nevada-based mentors and those with international contacts.

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“When you’re a startup, you are usually alone and when you grow your company, you feel alone,” Kartaszynski said. “In these cases and situations you need mentors, you need people to talk to.”

Attracting international companies to Nevada is another avenue to diversifying Nevada’s economy. But according to GOED, only 12 international companies have received tax abatements to relocate to the state since 2015. Another 10 international companies are working with GOED to bring operations to Nevada.

Nevada’s location on the West Coast and taxes are some of the most common factors cited by companies looking to come to the state, said Amanda Flocchini, international business development director for GOED.

“We are right next to California, without being in California, we have access to some of the world’s biggest ports, like Long Beach, Los Angeles, the Bay Area,” she said. “We don’t have personal income tax, we don’t have franchise tax … companies look at us and they go, ‘Wow, that’s nice.’”

GOED looks to boost the state’s economy by connecting businesses in the state with ways to export their products across borders and ways for foreign companies to invest in the state, she said.

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What is Visionaries NV?

Visionaries NV will host networking events, conduct case studies, build a referral list of businesses and investors and help businesses navigate the government processes required to bring operations to Nevada, Kartaszynski said.

“This is about accepting people from outside (Nevada) and making this a one-stop shop for what they need,” Kartaszynski said.

Visionaries NV officially launched at an event earlier this month at UNLV’s Black Fire Innovation building. Several Polish tech companies gathered to hear about the benefits of relocating to the state and allowed the companies to make quick pitches for themselves.

One of the Polish companies, CTHINGS.CO, works with businesses to build software systems that can enable remote maintenance of machines and connecting machine operations to the internet. The company made the trip to Nevada since it’s considering creating a U.S. headquarters as American demand for its services has grown. CEO Arnold Wierzejski said he wanted to see what the Silver State had to offer.

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Wierzejski said he likes the concept of Visionaries NV but isn’t fully convinced yet about bringing his company to Nevada, but he did say the state’s location and tax structure are its biggest draws.

“It seems like from what we heard so far is that Nevada is a nice gateway,” he said. “It’s close to (California). It’s close to other states as well and has good commuting capabilities to other states.”

Ease of travel is important for CTHINGS.CO’s U.S. operations since the company has clients in many different states including Wisconsin, Texas and New York., Wierzejski said.

Other international business efforts

While the state has other economic recruitment priorities outside of luring international tech startups, Flocchini said GOED looks to add international firms in key industries such as mining, lithium production, renewable energy, manufacturing and tourism. But she said Visionaries NV can provide key support for smaller companies looking to make Nevada their home and can help further diversify Nevada’s economy.

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“That’s just sort of the Nevada way, right, we want people to make this their home,” Flocchini said. “And when you’re attracting businesses here, it’s sort of like you share that core value (of Nevada being home).”

Moving forward Flocchini wants GOED and Visionaries NV to focus on helping companies come to the state that have long-term growth plans for Nevada.

“I think we’re really focused on creating a sustainable workforce here,” she said. “So companies that want to move here, we do take that into account … we want to create jobs that last.”

Kartaszynski said that he hopes Visionaries NV can create a lasting impact for companies and places Nevada as the starting point for any company looking to expand or locate operations to America.

“I want Nevada to be a hub for these companies and for them to stay here but spread out in the U.S.” he said.

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Contact Sean Hemmersmeier at shemmersmeier@reviewjournal.com. Follow @seanhemmers34 on X.





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New poll shows Nevada is facing pressure to ban smoking in casinos

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New poll shows Nevada is facing pressure to ban smoking in casinos


RENO, Nev. (KOLO) – Nevada is facing pressure to ban smoking in casinos. That’s according to a new poll showing 60% of residents support ending indoor smoking in gaming facilities. Now, advocacy groups are seeking change for patrons and employees.

At the end of 2006, the Nevada Indoor Clean Air Act went into effect, banning smoking inside to protect employees from secondhand smoke in the workplace.  However, this law specifically excludes casinos, meaning 100 thousand workers in the state aren’t protected under NICAA. Nicole Chacon, with the Smoke Free Coalition explains that this loophole makes it so casino employees have to choose between their health and a paycheck.

“We have so many workers who don’t get a choice. They have to earn a living, they have to pay for their health insurance, and put food on the table. They have all the same bills that we have and while we are covered in our work places, they are not,” Chacon said.

Chacon would like to see all of Nevada’s workers protected. Workers like Paula Larson-Schusster, who has been a casino dealer for the last 30 years.

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“We’re actually considered smokers on our insurance even though we don’t smoke,” Larson-Schusster said.

Larson-Schusster’s experience has made her want to become an anti-smoking advocate. She now serves as president for United Auto Workers, who represent about 3,000 casino workers at resorts like MGM, Caesars, and the Wynn.

“I’ve had smoke blown in my face, cigars blown in my face, and people need to realize a dealers table is a half circle and the dealer is in the center of that circle. So when people are smoking you have five or more people blowing smoke directly in your face day after day,” Larson-Schusster said.

The secondhand smoke has caused Larson-Schusster’s asthma to flare up consistently while she has also had to watch her coworkers suffer from heart attacks and bronchitis. Having had enough, she says, we need to get with the times.

“When I was a child, I rode a bike without a helmet. You wouldn’t let your child do that today, so why should we be exposed to the toxic chemicals that we now know is in second hand smoke,” Larson-Schusster said.

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Casinos have been pushing back saying that smoke-free casinos would hurt revenue and cost jobs. However, some research shows that smoke-free casinos generate more revenue and outperform competitors that allow smoking.

“I had a couple from Canada and they commented they wouldn’t be coming back because, in their country, they aren’t allowed to smoke in casinos and they hated it,” Larson-Schusster said.

The polls says Nevada voters also favor elected officials who support making casinos smokefree indoors. A majority (55%) would have a more favorable opinion of their legislators representing them in Carson City if they voted to make all workplaces smokefree indoors.



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