The state’s 307 largest hotel casinos earned $ 2.6 billion in profit from $ 31.5 billion in revenue, which included $ 11.3 billion in gaming revenue, during the 2024 financial year, reported Nevada Gaming Control Board.
The Control Board estimated that these properties, defined as hotel casinos that collected at least $ 1 million per year in gaming revenue, paid the state $ 1.16 billion in gaming taxes and fees during the financial year.
Economic details were released on Friday as part of the state’s 179-page 2024 Nevada Gaming Abstract report issued annually and includes statistics for the financial year which ended on June 30.
The Control Board says that “total revenue” is money casino protectors spent on games, rooms, food and drinks and other attractions. Game revenue represented 35.8 percent of total revenue and continued the trend that began in the mid-2000s of resorts that did more from categories than their casinos.
State -encompassing reduced net profit by 24.4 percent from the financial year in 2023, but total revenue increased by 5.5 percent and gaming revenue increased by 3.4 percent.
In Clark County, which had 179 qualified resorts, net profit was $ 2.3 billion, a decrease of 24 percent from a year ago, from total revenue of $ 28.5 billion, an increase of 6.2 percent and gaming revenue on $ 9.8 billion, an increase of 4.3 percent.
Las Vegas Strip Properties revenue reached $ 820.2 million, a decrease of 40.4 percent, of $ 21.9 billion, an increase of 6.8 percent, with gaming revenue of $ 5.7 billion, an increase of 4 , 9 percent.
For central Las Vegas Properties, revenues were estimated at $ 199.4 million, a decrease of $ 23.1 percent, at $ 1.6 billion, an increase of 3.3 percent, with gaming revenue of $ 797.6 million, an increase of 3 , 2 percent.
One of the 14 markets that are state -monitored by the Control Board showed a net loss for the financial year 2024. South Lake Tahoe reported a net loss of $ 30.4 million from total income of $ 389 million, $ 172.6 million of it from gambling.
The largest increases in total revenue and gaming revenue came from remote Clark County, which benefited by the opening of Durango in December 2023. Total revenue increased $ 8.1 percent to $ 3.1 billion and gaming revenue increased by 6.7 percent to $ 2 billion dollar.
The largest decline in net profit came from Laughlin, a decrease of $ 84.7 percent to $ 8.3 million for the financial year.
The report also said during the financial year 2024, 53 casinos owned by 11 listed companies accounted for 62.8 percent of total gaming revenue that generated state.
In addition to the financial figures, the Gelabrekten Data on the average number of employees, the speed of room laying, revenues earned per day, gaming revenues earned per square foot space and other conditions is made.
Below is a summary of game news.
The pool season is here, help needed
MGM Resorts International is looking to fill hundreds of job openings on their properties on the strip for the upcoming pool season.
The company holds an employment event on Thursday from 14:30 to 17:00 at the Career Center at 980 Kelly Johnson Drive. The candidates will have an opportunity to interview with an employment manager and can get an offer on site, according to MGM.
Applicants must be 16 years of age or older. Pre -registration is available on the MGM Resorts website.
MGM runs nine casinos hotels and four non-playing hotels on the Las Vegas Strip.
Contact Richard N. Velotta at rvelotta@ theplayerlounge.com or 702-477-3893. Follow @rickvelotta at X.
Contact David Danzis at ddanzis@ theplayerlounge.com or 702-383-0378. Follow @AC2vegas-danzis.bsky.social.
