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    Nevada casino revenue increases for second year in a row

    20.05.12 LAS VEGAS, Nevada -- So, are we back?

    Nevada's casino industry posted its second straight annual gaming revenue increase in 2011. Analysts were quick to point out another positive: The results were not totally reliant on high-end baccarat play, the game that has bolstered the industry's overall performance during the recession.

    Statewide, casinos collected $10.7 billion in gaming revenues in 2011, a 2.8 percent increase over 2010 and the highest annual jump in four years.

    On the Strip, gaming revenues increased 5.1 percent over 2010 with casinos collecting $6.068 billion -- crossing the $6 billion threshold for the first time since 2008.

    When baccarat figures are subtracted from the statewide total, Nevada casinos still would have reported a 2.4 percent gaming revenue increase. That hasn't occurred since 2007.

    "The recovery is much broader, which is what we have been waiting to see happen," said Michael Lawton, senior research analyst for the
    Source: Casino City Times