Nevada gambling revenue plunges

By Around the Web

CARSON CITY, Nev. (AP) — Nevada’s gambling revenue in February plunged 13.7 percent, a decline blamed on a huge drop in baccarat winnings and a tough comparison from a year earlier when the Las Vegas Strip recorded its highest win total ever, state regulators reported Friday.

Casinos statewide reported a win of $926.1 million in February, down from nearly $1.1 billion raked in during the same month the year before.

The tumble on the Strip, home to Nevada’s posh resorts, was even more dramatic. Casinos there reported gambling revenue of $555.7 million, down 20.1 percent compared with $696.1 million won in February 2013, the state Gaming Control Board said.

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