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New: Nevada Casino Departmental Income, 2004-2014

By David G. Schwartz on December 8, 2015 12:55 PM | Permalink

We have just posted a new report:

Nevada Casino Departmental Income, 2004-2014 
Percentages and Totals for Selected Reporting Areas

Executive Summary
Several CGR reports detail revenues for various aspects of the Nevada gaming industry. This report adds
another dimension by detailing the departmental and net income figures for Nevada casinos. The
departmental income numbers aren’t “profit” because a number of expenses (including utilities, taxes,
corporate payroll, and interest) remain.

For the state as a whole, the rooms department has historically had the highest margin, followed by
the casino, “other,” beverage, and, barely breaking even in some years, food departments. Outside of
the “big” Las Vegas Strip casinos (those with annual gaming revenue >$72 million), food departments
typically post annual departmental losses.

In general, departmental revenues have shrunk since the start of the recession, with food and “other”
posting improvements and other departments seeing decreases. For the reporting areas included, only
the Boulder Strip and Washoe County have posted positive net income since the recession’s start.

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Last modified Monday, 15-Oct-2012 14:55:23 PDT