State and Strip gaming revenue fell again in October, according to numbers released Monday by the Nevada Gaming Control Board. That makes four out of five months that we’ve seen a decline in those two metrics. In Northern Nevada, though, the casino market increased. Gaming in Reno/Sparks/Tahoe saw gaming revenue jump about 6% in October to $50 million…. Read more »
Monthly Archives: November 2015
ICYMI last week, Standard & Poor’s said that weak gaming revenue threatens the credit outlook for Macau’s gaming operators. The ratings agency cut its gaming revenue forecast to a drop of 30% to 35% for 2015.
In case you missed it… Nevada’s “headline” unemployment decreased to a seasonally-adjusted 6.7% in September 2015. Relative to September 2014, Nevada added 33,900 private payroll jobs (98% of total) and the unemployment rate fell by 0.6 points. YOY total job growth peaked in September 1994 at 76,400. On a less-great note, the Nevada U-6 rate… Read more »
The latest (20 November 2015) Deutsche Bank numbers-rich gaming research report is out including valuations and stock price summaries.
The median price of existing single-family homes sold in Southern Nevada through its Multiple Listing Service (MLS) during October was $220,000, the same as the media price reported in August and September, according to a release from the Greater Las Vegas Association of REALTORS® (GLVAR). Compared to one year ago, GLVAR said the median local home price during October was up 10.1% from $199,900… Read more »