Lake Tahoe casinos see gaming win in February, aided by slot play
CARSON CITY, Nev. — While statewide gaming win was down 1 percent in February to $916.1 million, North Lake Tahoe casinos had another good month.
Anchored by strong slot play, North Shore casinos raked in $1.8 million, or 3.1 percent more than the same month in 2014.
It was a soft comparison since total win was down 22 percent a year ago, but this marks the fifth straight increase at North Shore.
The Nevada Gaming Control counts five casinos in the North Shore area: Hyatt Regency Lake Tahoe, Crystal Bay Club, Tahoe Biltmore, Jim Kelley’s Tahoe Nugget and the Cal Neva.
South Lake Tahoe was also up in February, a 5.66 percent increase to $15.57 million. The gain was aided by the first full month of operation by the Hard Rock Casino. Slot win grew by 13.3 percent at Stateline casinos.
Likewise, the Carson Valley Area, consisting of the capital and valley portions of Douglas County, saw a 2.64 percent increase to $7.65 million.
Carson was up $197,000 for February, all because of slot play. In fact, Carson has now been up compared to the same month of the previous year for three straight months.
Rounding out a positive month for Northern Nevada was the 3.4 percent growth in win for Washoe County. The $60.7 million total win is Washoe’s third month of positive gaming numbers.
At the state level, the problem was Baccarat, which fell 23.6 percent to $121 million compared to February 2014. Baccarat, in fact, has been down year over year in six of the last seven months and, for the fiscal year so far, is down 14.2 percent.
Without Baccarat, statewide win would have actually been up 3.6 percent.
NGC Control board analyst Mike Lawton said there’s a hopeful sign in the slots numbers. Slot volume of play has been up for three straight months and five of the past seven.
Slot win was up 4.86 percent to $565 million, an indication the regular players have been returning to Nevada.
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As COVID restrictions continue to rollback nationwide, tourism has started up again and is in full swing around Lake Tahoe.