Laughlin Buzz

Nov 29, 2018

Laughlin Visitor Numbers Down 6.5% in October, while Gaming Revenue is up 12.2%

Laughlin, NV



Laughlin visitor volume was down ‐6.5% for the month of October (2018), compared to October of 2017. 

The year to date numbers for Laughlin show visitor volume down -1.7% through October compared to the same period in 2017. 



Source:  LVCVA.Com  https://www.lvcva.com/stats-and-facts/visitor-statistics/

Even though visitor numbers were down, gaming revenue for Laughlin was up 12.2% in October. 

The year to date numbers for Laughlin show visitor volume down -1.7% through October compared to the same period last year.

The percentage increase or decrease of visitors for each month in 2018 compared to the same month in 2017:



January          3.8%
February        -0.2%
March             0.7%
April -1.5%
May               -2.2%
June              1.8%
July              -4.4%
August -1.2%
September -6.3%
October    -6.5%
================
Year to Date    -1.7%

  

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Source:  LVCVA.Com 
https://www.lvcva.com/stats-and-facts/visitor-statistics/

Laughlin October (2018) Gaming Revenue Up 12.13%



Laughlin, NV


The Nevada Gaming Control Board reported a Nevada gaming win of $1.06 Billion for October of 2018 (compared to the same period in 2017)

Laughlin was up 12.13% to $47.03 Million 


A closer look at the three-month totals for August, September, and October show Laughlin gaming revenue is up 4.19% at $122.79 Million,

For the period from Nov.1, 2017 through October 31, 2018 Laughlin gaming revenue is up 4.04% at $507.4 Million.

The Laughlin Event Center held two big concerts in October, Keith Urban and Rod Stewart.



    
Elsewhere in Clark County:

The Las Vegas Strip gaming revenue was up 12.24% at $593.4 Million compared to October of 2017, the same month of the mass shooting at Mandalay Bay on October 1st.   Although October was a strong month for the Las Vegas Strip, the 3-month gaming revenue for August, September and October was still down 1.6%

Downtown Las Vegas was up slightly at 0.29%
North Las Vegas was up 0.73%
Boulder Strip was down -0.6%
Mesquite was up 6.04%


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Sources of the data:
https://gaming.nv.gov/index.aspx?page=172
https://gaming.nv.gov/modules/showdocument.aspx?documentid=14111
https://gaming.nv.gov/modules/showdocument.aspx?documentid=14112

Nov 9, 2018

Golden Entertainment reports 3.1 Million Quarterly Loss


Golden Entertainment reported a 3.1 million quarterly loss for the three months ending September 30, 2018.  In the same period last year, they had recorded approximately 8.5 million in profit. 



Golden Entertainment acquired the Stratosphere, two Arizona Charlie’s properties, and the Aquarius Casino Resort in Laughlin in 2017 for $850 million.    They have announced plans to buy the Edgewater and the Colorado Belle located in Laughlin for an estimated $190 million, in early 2019.   The company also operates Casinos, PT's Pub local taverns, and a network of slot machines in bars, stores, etc.


Blake L. Sartini, Chairman and CEO of Golden Entertainment, commented, “Despite strong performance from our Laughlin and Las Vegas Locals properties, we experienced a challenging third quarter primarily due to weaker than expected results at the Stratosphere and at chain store locations in our Nevada distributed gaming business. We remain confident in the Company’s long-term prospects given the overall health of the Las Vegas economy, the expected benefits from our investments in the Stratosphere, anticipated near-term improvements with our Nevada distributed business and our pending acquisition of two additional casino resorts in Laughlin.”

11/8/2018 See the news release 
Golden Entertainment Reports 2018 Third Quarter Results 
at   https://goldenent.com/new-releases.html



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Laughlin Town Advisory Board - November Meeting

Laughlin Town Advisory Board
Laughlin Regional Government Center
101 Civic Way Laughlin, NV 89029
November 13, 2018 1:30 p.m.





Nov 2, 2018

Laughlin visitors down -6.3%, Gaming Revenue still up

Laughlin, NV 



Laughlin visitor volume was down -6.3% for the month of September (2018), compared to a year ago.

The year to date numbers for Laughlin show visitor volume down -1.2% through September compared to the same period in 2017. 



Source:  LVCVA.Com 
https://www.lvcva.com/stats-and-facts/visitor-statistics/



Total Occupancy, Average Daily Room Rates, Revenue Per Available Room (RevPAR), Total Room Nights Occupied percentages for September all declined as well. 




Gross Gaming Revenue was still up by 2.5%   See the statistics here.



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Nov 1, 2018

Laughlin, and Nevada gaming revenue up, Las Vegas Strip down - September 2018

Laughlin, NV



Nevada Gaming Control Board reports show that gaming revenues in Nevada increased 1.26 percent to $991.2 million in September compared to the same month a year ago. 

The increase was in spite of another decline on the Las Vegas Strip, down 3.71 percent to $546 million. 

Laughlin September gaming revenue was $37,746,156 compared to $36,867,134 in the same month a year ago, an increase of 2.38%   

Downtown Las Vegas was up 11.64 percent
North Las Vegas was up 22.44 percent
The Boulder Strip was up 27.45 percent
Mesquite was up 5.72 percent.   



Source, Nevada Gaming Control Board:
https://gaming.nv.gov/index.aspx?page=172


All data is from the Nevada Gaming Control Board




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Awards for 2018