Nevada Gambling Revenue Slumps Almost 11% In March
05/10/2012| 12:32pm US/Eastern
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The Nevada Gaming Control Board said Thursday that gambling revenue in the state fell almost 11% in March, to $854.6 million.
The drop was led by the Las Vegas Strip, which accounts for more than half the total and experienced a 14.9% decline to $448.7 million for the month.
However, fiscal year-to-date revenue is still up 2.2% statewide and 3% on the Strip.
Shares of major Strip operators were mixed with MGM Resorts International (>> MGM Resorts International) and Las Vegas Sands Corp. (>> Las Vegas Sands Corp.) both up less than 1% while Wynn Resorts Ltd. (WYNN) was down 1%.
--William Spain, 415-439-6400; AskNewswires@dowjones.com
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