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Nevada Gaming Revenues Slip 1.4% in August

The Nevada Gaming Control Board released the state's gaming results for the month of February 2015, noting that the state brought in $908 million for the month, down 1.4% from the same period last year.

The Vegas Strip brought in $527 million for th emonth, which is down 5%, while Downtown Vegas had $40 million in revenues, which was up 15%. Reno had $51 million in gaming revenue, which is down 4% and South Lake Tahoe numbers were down 34% to $19 million. The Silver State collected $52 million in tax revenue from the casinos, which is up 2% from the same period last year.

The drop in revenues is being attributed to the lack in players coming from China, who is clamping down on corruption of its elite as well as a sagging Chinese economy.

Table game win for the month was $332.6 million, and Baccarat led the table games with $127 million of that total. Slot mahcines brought in $575.5 million in revenue, which was up 10% from the same period last year, and more than $8.8 billion was wagered on the machines.

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