How Much Profit Does A Casino Make A Day
- How Much Money Does A Casino Make Per Day
- How Much Money Does Winstar Casino Make In A Day
- How Much Money Does Rivers Casino Make A Day
- How Much Money Does Crown Casino Make A Day
First of all, I want to apologize for my poor english skills. I'm not a native English speaker.
I've always wondering what's the real profit of slot machines for casinos. For example, if one day 1,000 people go to a casino with $100 and every one play a few hours of slot machines with a 95% RTP: 1000 x 100 = $100,000, turning a theoretical 5% of profit for the casino: $5,000, it this correct? Or does it count every spin for the RTP? For ex. someone who brings to a casino $100 can play with $400 between winnings and losses, the casino profit for that guy will be 5% of the $400 ($20)? I'd appreciate if someone can explain it to me.
Thank you!
Greetings from Perú.
Administrator
Take an easy example of a Macau casino with 500 baccarat tables, and an average house edge of 1.1% per hand (1% playing banker, 1.2% playing player). The hands per hour is 72, the average bet size is HK$2,000. Monday to Friday, about 20% of tables are in use. Weekends about 90%. Casinos make a profit by offering games of chance where the average payouts are lower than the income produced by the overall wagers. Exactly how this is accomplished and the terms used in producing casino records and income are explained below.
- It seems as bettors do well with sports betting as the casino only has a 5.31% win percentage, compared to 11.31% for blackjack, and 12.04% for all table games. Some Other Revenue Numbers: From 1984 to 2011 Nevada has done pretty well for themselves.
- Nov 29, 2014 Official site of The Week Magazine, offering commentary and analysis of the day's breaking news and current events as well as arts, entertainment.
- Due to season changes.the price of a hotel room changes, the ante per table changes which all has an affect how much money in generated per night. The Bellagio Hotel and Casino generates roughly 4$ Billion dollars a year in revenue. Profit of that is unknown.
- On a per day, per casino basis it works out to about $4,023. Some sports books are very small and use Leroy's or Cal Neva to run their sports books. Some like the Hilton have a huge sports book and do their own lines. The popular sports books like Hilton, Caesars, the Station casinos probably make most of the money.
The 95% example you gave is a theoretical amount that the casino should receive over the long run; for every $100 run through the machine, the casino expects to keep $5 on average. The slot is programmed to have winning and losing spins come up randomly, but each a certain amount of times that will be realized over many, many spins.
Some people will lose the whole $100 without a win; some people will win $100 or more right away and walk away. Other people will keep playing when they win, maybe quit even again, maybe continue until they lose, maybe keep winning and get up with more than they put in.
It all is expected to average out to $5 lost per $100 spent. But almost no individual player will have that exact experience. I think your understanding of it is pretty close to that, based on what you wrote, but I hope that my explanation helps.
FWIW, Casinos in the US (and perhaps in Peru) use the amount a gambler puts through a machine (how much money they 'expose') multiplied by the House Edge (rough description of this formula), to decide how valuable that customer has been to them; whether the customer won or lost, their value to the casino is based on that theoretical amount, and they will offer complimentary cash, rooms, and prizes that will draw those customers to return.
Thank you! I've read this forum for many years. I really appreciate your response. I was checking some oficial documents from the local government regarding the financial statistics from the local casino and here is some of the info from the last month (Approximately. I'm using example numbers):
Visitors per month: 9,000
Average spend per visitor: $50
Total wagered on slot machines: $4,950,000
Real monthly RTP: 95%
So, as you can see, people spent approximately $450,000 in the month, but wagered $4,950,000. That's eleven times the total spend. I don't know if I'm not understanding correctly the document or there is a kind of error. What does that mean? That the profit of the casino it's the 5% of the total wagered? ($247,500) Or it's just the 5% of the total spend? ($22,500)
if one day 1,000 people go to a casino with $100 and every one play a few hours of slot machines with a 95% RTP: 1000 x 100 = $100,000, turning a theoretical 5% of profit for the casino: $5,000, it this correct?
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Yes, if and only if they each play $100 of spins and leave.
Most people do not do this. Most people playing on $100 actually play $1200 or more worth of games, as they play through their winnings as well as their initial bankroll.
Every $1 spin on a slot machine has the same 5 cent theoretical profit for the casino, assuming your 95% RTP.
I would expect if 1000 people with $100 each came in that they would play about 1,000,000 $1 spins (or equivalent), and house profit would be about $50,000.
If each spin took a slow 10 seconds, that would mean each player would play about 2 hours 45 minutes. On a more realistic 6 seconds per spin, that's a little longer than an hour and a half. Both of these numbers are well within what I've seen as possible.
If the place is 60% full for 14 hours, this is doable on about 250 machines.
I have no idea if this covers rent on the slot machines and TITO units.Money played: $1,300,000
Money returned: $1,210,000
Commission: $90,000
So the $1,300,000 isn't necessary what people put on the machine. I would expect that people only put $130,000 or less. So if the casino received $130,000 in cash and returned $90,000, the real return it's near 30%? (!)
Administrator
Hi!
Thank you! I've read this forum for many years. I really appreciate your response. I was checking some oficial documents from the local government regarding the financial statistics from the local casino and here is some of the info from the last month (Approximately. I'm using example numbers):
Visitors per month: 9,000
Average spend per visitor: $50
Total wagered on slot machines: $4,950,000
Real monthly RTP: 95%
So, as you can see, people spent approximately $450,000 in the month, but wagered $4,950,000. That's eleven times the total spend. I don't know if I'm not understanding correctly the document or there is a kind of error. What does that mean? That the profit of the casino it's the 8% of the total wagered? ($247,500) Or it's just the 8% of the total spend? ($36,000)
Well, those are a bit different, perhaps made more complicated by translation from Spanish to English.
If I'm interpreting based on how it's done here:
$4,950,000 is called the 'drop', or how much is 'exposed' by all the gamblers together by making wagers.
95% RTP is what was returned to players from that drop, or $4,702,500. So the 'win' or 'hold' on the machines was $247,500, the other 5%.
The 9000*$50 per person (assuming this is only what they directly bet, not the amount they spent on their entire visit, like the economic impact including bar profits, gift shop, whatever), reflects the real impact of the HE on repeated exposure of your money to it. The house edge takes a cut at your money every time you cycle it, not just the first $100 you expose. And that adds up. So I would say, the house was able to keep (gross) 55% of the money made available to them during that month (247,500/450,000), while that base amount (450,000) was exposed to them approximately 11 times per $100 available.
I could, as always, be wrong. But I don't think those numbers are unrealistic.
So it's normal that slot machine players wager 10 times their initial bankroll?
Some more, some less, but I think this is a reasonable approximation for many players. This matches what I generally observe for 'normal' players.
Compulsives and AP's are different, but averaging them together might come out around the same.
Gross revenue (WIN): $450,000, which it's the amount of visitors * average spend. I'm really trying to figure how much this casino earns, haha.
Administrator
So it's normal that slot machine players wager 10 times their initial bankroll? And the real profit of the casino it's a % of the total wager? This casino have a large screen which holds all the statics from the previous day. Example:
Money played: $1,300,000
Money returned: $1,210,000
Commission: $90,000
So the $1,300,000 isn't necessary what people put on the machine. I would expect that people only put $130,000 or less. So if the casino received $130,000 in cash and returned $90,000, the real return it's near 30%? (!)
The $1,300,000 is exactly what people put in the machine. Your question is (I think), where did that money come from? It could 100% be straight out of people's pockets, it could be them cycling the same money 10 times, 20 times, 30 times on average. That answer is the RTP. If everybody just plain lost, and kept feeding new money into the slots anyway, the RTP would be 0%. In your example above, the RTP is 93.077%.
So the casino made $90,000 that day. Other days, it could be a negative number, if the money returned was larger than the money played. But for the real impact on the players, you'd have to know how many came in (the numbers you listed before) and their average or actual losses. I'm sure the casino tracks those, but what they really want to know is how much of the money that came in people's pockets stayed in their casino. They could've broken everybody and realized 100% of what came in. Maybe it was 2%. In your previous example, it was 55%. I'm sure those metrics matter to them in determining what games to keep offering, what clients to concentrate on making into repeat customers, whether their staffing is appropriate (not leaving people with money looking for games, but also not a lot of paid staff standing at dead games). But the bottom line is they made 90K that day, or almost 7% of the drop. That's actually a little low, I think; again, I could be wrong.
The LV Strip is one of the designated Nevada Gaming Control Boards reporting areas. It consists of the Las Vegas Stripcasinos and many of the surrounding casinos.[1] The Strip earns roughly 50% of the gaming revenue from all sources for the state of Nevada.
For the previous 12 months ending 31 August 2009, the Las Vegas Strip earns 83.6% of the pit revenue in Clark County, and 50.6% of the gaming revenue from other sources (slot machines, sports bet, parimutuel, etc.).
Penny slot machines is the only categories of gaming devices where revenue is increasing. After decades of being the top earning game in the pit, blackjack was surpassed by baccarat for the previous 12 months ending 31 August 2009. In August 2009, the game of baccarat was responsible for over 50% of the pit gaming revenue for the Strip which surpassed the game's contribution in February during Chinese New Year.
Since 1999, non-gaming revenue at the Strip casinos exceeds gaming revenue. In more traditional gaming areas like Downtown Las Vegas or Laughlin gaming is still the primary revenue source.
- 1Gaming revenue of Strip casinos
Gaming revenue of Strip casinos[edit]
Financial information is provided to show where the source of gaming revenue comes from (slots revenue, vs. pit revenue, etc.). Data is contrasted for the year ending October 2007 when revenue peaked.[2][3] The other-pit category is all the other table games like Bingo, Keno, Let it Ride, Mini-Baccarat, Pai-Gow, Pai-Gow Poker, 3-Card Poker, Caribbean Stud, Sports Book, Racing Book, and so forth.
| Source | 30 Nov 2009 | 31 Oct 2007 |
|---|---|---|
| Twenty-One | $741,594 | $1,078,626 |
| Baccarat | $891,597 | $970,726 |
| Craps | $251,635 | $318,855 |
| Roulette | $260,515 | $303,385 |
| Other-PIT | $475,885 | $663,137 |
| Poker | $85,596 | $97,114 |
| Slots | $2,815,438 | $3,513,608 |
| Total | $5,522,260 | $6,945,451 |
The year ending August 2009 is the first year that Baccarat has had higher revenue than Twenty One (or Blackjack). Although Baccarat is played in other areas of Nevada besides the Strip, 99.2% of the Baccarat revenue in the state is from the Strip.
Aria Casino had not yet opened in FY09.
| INDEPENDENT | MGM Mirage | Caesars Entertainment Corporation |
|---|---|---|
| Wynn Resorts | Bellagio (hotel and casino) | Caesars Palace |
| The Venetian | MGM Grand Las Vegas | Harrah's Las Vegas |
| Palace Station | Mandalay Bay Resort and Casino | Flamingo Las Vegas |
| Palms Casino Resort | Luxor Las Vegas | Rio All Suite Hotel and Casino |
| Las Vegas Hilton | Excalibur Hotel and Casino | Imperial Palace Hotel and Casino |
| Treasure Island Hotel and Casino | New York-New York Hotel & Casino | Bally's Las Vegas |
| Gold Coast Hotel and Casino | Monte Carlo Resort and Casino | Paris |
| The Mirage | Planet Hollywood Resort and Casino |
- Palazzo operated under the same license as the Venetian for this year.
| $36–$72 | $12–$36 | $1–$12 |
|---|---|---|
| Tropicana | Hooters | Ellis Island |
| Riviera | Airport Slot Concession | Wild Wild West |
| Sahara | Casino Royale | Casuarina |
| Hard Rock | Slots-A-Fun | |
| Tuscany | ||
| Bill's Gamblin' Hall | ||
| Terrible's | ||
| Circus Circus Las Vegas |
- The Nevada Gaming Commission's definition of the LV Strip reporting area includes casinos surrounding the Strip.
| Category | Per Room | Revenue | Rooms | Rented | Occup |
|---|---|---|---|---|---|
| Strip > $72m | $156.41 | $3,797,326,096 | 25,529,460 | 24,277,794 | 95.1% |
| Strip < $72m | $89.78 | $272,680,274 | 3,493,628 | 3,037,058 | 86.9% |
| Rest of County | $61.47 | $618,206,516 | 12,672,369 | 10,056,881 | 79.4% |
- The gaming abstract as published only says there are 38 casinos that are in the Gaming Commission's definition of the Strip, the individual names of those casinos are not published since it is not permitted under state law.
- At least 9 of the 23 casinos currently on the over $72 million list existed before 1989. Some of the older casinos, like the Tropicana in previous years may have earned more than $72 million a year in gaming revenue, but have since dropped below that amount. The gaming commission does not adjust the $72 million from year to year.
- Outside of the Strip there are 22 licenses in the rest of the state of Nevada that earn more than $72 million per year apiece in gaming revenue. The casinos locations are: 1 in Lake Tahoe, 5 in Reno, 3 in Laughlin and 13 in other parts of the Las Vegas urban area such as downtown Las Vegas, Summerlin, North Las Vegas, Henderson and Paradise.
North Strip[edit]
The North Strip is the unofficial name of the first mile of Las Vegas Blvd. just outside the Last Vegas City Limits, corresponding to Winchester, Nevada. This section of the Strip currently includes five budget resorts, like the Sahara Hotel, Circus Circus Las Vegas, Slots-A-Fun Casino, the Riviera Hotel and Casino and the Greek Isles Hotel and Casino. Collectively they have less than 200 table games, 4200 slots, 31 poker tables and less than 8000 hotel rooms. Also numerous time shares have been built in this region.
The North Strip was planned to be rebuilt as an upscale gambling district comparable to center Strip. Billions of dollars were invested in land speculation. The former Stardust Resort & Casino and New Frontier Hotel and Casino were imploded in anticipation of new development.
Many new resorts Las Vegas Plaza, Crown Las Vegas, Echelon Place, an unnamed joint MGM & Kerzner project,[4] and the Fontainebleau Resort Las Vegas planned for development, but all these projects are in various stages of bankruptcy or incomplete status. In addition a major redevelopment and expansion of the Sahara Hotel and Casino and the Stratosphere Las Vegas were put on hold.[citation needed]
The Triple Five Group was in the process of trying to assemble 27.3 acres (110,000 m2) of North Strip land just south of the Riviera Casino. By April 2008, they had acquired 13.7 acres (55,000 m2) at a cost of $380 million. They applied to the FAA for height clearance for eight 572' towers.
Another project announced was the construction of a Marriott Marquis on land currently occupied by a Residence Inn and a Courtyard Inn belonging to Marriott corporation.
The Fontainebleau Resort Las Vegas was the most visible failure as it topped out the tallest building in Las Vegas before going bankrupt. Initial offers for selling the uncompleted tower are far less than the raw land value from two years ago. The Echelon also got as far as erecting steel girders up as high as the eighth floor for several buildings. The owners, Boyd Gaming sold the property to the Malaysian company Genting. They plan on opening Resorts World Hotel and Casino in 2018. The style will be Chinese themed.
Casino revenue in fiction[edit]
In the movie Ocean's Thirteen, the lead character, Danny Ocean, is describing a new ultra-luxurious casino opening on the Strip. He states that the big casinos on the Strip take in $3 million a day just from the casino floor, and this new resort is aiming for $5 million. In reality, the two largest corporate operations in Las Vegas, MGM Mirage and Harrah's Entertainment, in the first quarter of 2009, brought in $5.9 million and $4.1 million per day, respectively, in gaming revenue alone, but this was from all their Las Vegas Strip resorts combined. MGM Mirage currently owns nine Strip resorts, and Harrah's owns eight with one being a minor property originally intended to be a tear-down. No single casino operation has ever brought in close to $3 million a day from the casino floor alone, and the NVGC uses the qualification of greater than $200,000 per day ($72 million per year) as a grouping for reporting purposes.
Distribution of total revenue of Strip casinos high to low[edit]
The Nevada Gaming Commission (NGC) publishes annual information about total revenue including gaming, hotel rooms, food & beverage, and attractions. If the casinos are numbered with #1 being the highest grossing casino then the following show the total revenue, for the period 1 July 2008 through 30 June 2009.
TOTAL REVENUE (GAMING + etc.)
- $759,063,730 is revenue for casino #6
- $571,415,161 is average of casino #10 and #11
- $390,381,914 is revenue for casino #12
- $266,022,372 is revenue for casino #18
- $246,291,317 is average of casinos #20 and #21
The NGC does not publish data for individual casinos. But based on the size, age, and relative luxury of the casinos an analyst can guess the top six.
- Venetian & Palazzo operated under one license
- Wynn Casino (Encore had not opened yet)
- Caesars Palace
- Bellagio
- MGM Grand Hotel
- Mandalay Bay & THE Hotel operated under one license
How Much Money Does A Casino Make Per Day
Harrah's Entertainment Corporation only reports aggregate numbers for regions, but their flagship property, Caesar's Palace, is clearly the biggest moneymaker in their portfolio. Harrah's earns 54% of their revenue from the casinos, unlike MGM-Mirage which earns 38% of their revenue (before promotional allowances) from the casino floor.
| Company | 2009 | 2008 | 2007 | 2006 |
| Harrah's | $2,698.00 | $3,254.30 | $3,626.70 | $3,267.20 |
| MGM | $4,656.87 | $5,889.08 | $6,473.79 | $6,227.77 |
Both companies are experiencing 20% drops for Calendar Year 2009 vs 2008. MGM-MIRAGE sold their Strip casino Treasure Island in 2009. The revenue from TI for a portion of 2009 is not included in the total. Revenue reported by MGM-Mirage for the year ending 31 December 2004 for top Las Vegas casinos owned at this time. Mandalay Bay, Luxor, Excalibur, Circus Circus, and Monte Carlo were acquired at a later date.
| MGM Casino | # | Revenue from 2009 | Revenue from 2004 |
|---|---|---|---|
| Bellagio | 1 | $1,064,729 | $1,068,517 |
| MGM Grand LV | 2 | $976,261 | $860,778 |
| Mandalay Bay | 3 | $725,129 | |
| The Mirage | 4 | $624,132 | $566,276 |
| Luxor | 5 | $344,722 | |
| Excalibur | 6 | $265,076 | |
| New York-New York | 7 | $250,055 | $337,198 |
| Monte Carlo | 8 | $206,377 | |
| Circus Circus | 9 | $200,385 | |
| Total | $4,656,866 |
Change in revenue[edit]
The revenue for the Strip is contrasted with that of the state of Nevada. Gaming Revenue went flat for 3.5 years from July 2000 through January 2004, partly because of the downturn after 9/11. For the four years from January 2004 to January 2008 gaming revenue increased by a third. During this time, the only new casino to open on the Strip was Wynn Resort, and a new hotel tower opened on Mandalay Bay. Several dozen new casinos were planned. Finally, when the Palazzo casino opened in January 2008, gaming revenue was starting to fall. The Palazzo was followed by Palms Place, Trump Tower, Wynn Encore, The Cannery, The M Resort, and the yet to open MGM City Center and Fountainbleau. Also numerous new condominiums, and hotel towers were added to existing casinos.
| Data through 30 July 2009 |
|---|
In fiscal year 1990 (1 July 1989- 30 June 1990), the Commission reported a total of 13 casinos on the Strip that earned more than $72 million per year in gaming revenue. The first modern mega-resort, The Mirage, opened about halfway through this fiscal year and the Rio All Suite Hotel and Casino opened 8 weeks later. Presumably some of the casinos in this category have since been imploded in favor of newer resorts. At that time the average gaming revenue was $129.2 million per year and non-gaming revenue was $97.8 million (for an average of $227 million total revenue). Non-Gaming revenue has since surpassed gaming revenue for the Las Vegas Strip.
In 2008 Cash sales of Food and Beverage come fairly close to covering the raw cost of sales, and the departmental expenses. In 1990 both food and beverage were sold at a loss. Complimentary food and beverage is shown as well (everything relative to the raw cost of sales).
How Much Money Does Winstar Casino Make In A Day
In 1990 Room Sales only slightly exceeded departmental expenses and complimentary rooms. In 2008 room sales far exceed expenses and comps. Amounts are shown in millions of dollars. The statistics are contrasted with those of Downtown Las Vegas where cash sales are still not much higher than the departmental expenses plus the cost of the comped rooms.
Hotel / casino development construction bulletin[edit]
The Las Vegas Convention Center website posts a monthly update to the planned construction for the Las Vegas metropolitan area for the future.[5] In the four years between 2003 and 2007 there was a cumulative addition of 1,444 rooms to Las Vegas. The major openings were Wynn Las Vegas and THE Hotel at Mandalay Bay, which were offset by the implosion of several resorts like New Frontier, The Stardust, Bourbon Street, and Castaways. During the same four years visitor volume increased by 3.66 million or 10.3% and gaming revenue in Clark county increased by $3 billion or 38.8%. On many weekends there was insufficient room supply to meet demand. However, once the new rooms opened the recession hit.
| Name of Property | Location | Completion | Cost (Millions) | Convention (Sq Ft) | Timeshares | Rooms |
|---|---|---|---|---|---|---|
| TOTAL 2008: | $6,642 | 209,644 | 1,268 | 8,661 | ||
| TOTAL 2009: | $11,606 | 557,622 | 1,121 | 8,627 | ||
| TOTAL 2010: | $3,925 | 226,000 | 400 | 3,993 | ||
| TOTAL 2011: | 107 | |||||
| TOTAL 2012: | 97 |
| Name of Property | Location | Completion | Cost (Millions) | Convention (Sq Ft) | Timeshares | Rooms |
|---|---|---|---|---|---|---|
| The Palazzo Resort Hotel Casino | 3339 Las Vegas Blvd S | 17-Jan-08 | $1,900 | 3,066 | ||
| MGM Grand Hotel & Casino expansion | 3799 Las Vegas Blvd South | 25-Jan-08 | 92,000 | |||
| Marriott's Grand Chateau phase 2 | 75 E Harmon Ave | 29-Feb-08 | 200 | |||
| Nevada Palace closure | 5255 Boulder Highway | 29-Feb-08 | -104 | |||
| Odgen House closed for redeveloping | 651 Ogden Ave | 29-Feb-08 | -101 | |||
| Trump International Hotel and Tower Las Vegas | 2000 Fashion Show Dr | 31-Mar-08 | $600 | 2,460 | 1,282 | |
| Palms Place | 4321 West Flamingo | 31-Mar-08 | $650 | 2,500 | 400 | |
| MonteLago Village Resort expansion | 30 Strada Di Villaggio | 10-Apr-08 | 3,829 | |||
| Homewood Suites by Hilton | 230 Hidden Well Rd | 8-May-08 | 1,500 | 147 | ||
| World Mark III, The Club | 5275 W. Tropicana Ave. | 15-May-08 | 208 | |||
| Microtel Inn & Suites phase 2 | 55 E. Robindale Rd. | 13-Jun-08 | 1,000 | 35 | ||
| South Point Hotel expansion | 9777 S. Las Vegas Blvd | 28-Jul-08 | $95 | 10,000 | 807 | |
| Tahiti Village Vacation Club phase 2 | 7200 Las Vegas Blvd South | 15-Aug-08 | $135 | 510 | -- | |
| Staybridge Suites | 5735 Dean Martin Drive | 27-Aug-08 | 118 | |||
| Eastside Cannery (Site of Nevada Palace) | 5255 Boulder Hwy | 28-Aug-08 | $250 | 20,000 | 307 | |
| Bluegreen Club #36 | 372 E. Tropicana | 28-Aug-08 | 350 | 120 | ||
| Aliante Station Casino and Hotel | 215 & Aliante Pkwy | 11-Nov-08 | $662 | 14,000 | 202 | |
| Hampton Inn Las Vegas North | Speedway 2852 E. Craig Rd. | 15-Dec-08 | 650 | 96 | ||
| element Las Vegas Summerlin | 10555 Discovery Drive | 18-Dec-08 | $25 | 441 | 123 | |
| Hampton Inn & Suites Las Vegas Airport | 6575 S. Eastern Ave. | 18-Dec-08 | $25 | 1,264 | 129 | |
| Encore Las Vegas | 3131 Las Vegas Blvd S | 22-Dec-08 | $2,300 | 60,000 | 2,034 | |
| TOTAL 2008: | $6,642 | 209,644 | 1,268 | 8,661 | ||
| Comfort Inn & Suites | 475 Marks St. | 1-Jan-09 | 127 | |||
| M Resort, Spa, and Casino | 12300 Las Vegas Blvd South | 1-Mar-09 | $1,000 | 60,000 | 390 | |
| Cabana Suites (formerly Odgen House) | 651 Ogden Ave | 4-May-09 | $6 | 64 | ||
| The Grandview at Las Vegas tower 4 | 9940 Las Vegas Blvd S | 17-May-09 | 400 | |||
| Marriott TownePlace Suites | 1471 Paseo Verde | 17-Jun-09 | 112 | |||
| Caesars Palace expansion | 3570 Las Vegas Blvd S | 13-Jul-09 | 110,000 | |||
| Hard Rock Hotel expansion and redevelopment | 4455 Paradise Road | 31-Jul-09 | $750 | 60,000 | 490 | |
| Marriott Spring Hill Suites Henderson/Green Valley | 1481 Paseo Verde | 1-Sep-09 | 120 | |||
| Marvin Garden closure | 5125 S. Swenson Rd. | 30-Sep-09 | -250 | |||
| Airport Inn & Suites closure | 5100 Paradise Rd. | 30-Sep-09 | -100 | |||
| Marriott Spring Hill Suites Las Vegas Convention Center | 2989 Paradise Rd | 14-Oct-09 | 4,522 | 299 | ||
| Golden Nugget expansion | 129 E. Fremont St | 20-Nov-09 | $150 | 500 | ||
| CityCenter (MGM Mirage) | 67 acres (270,000 m2) on west side of LVB | $8,500 | ||||
| Vdara Hotel & Spa | 2600 W. Harmon Ave | 1-Dec-09 | 10,000 | 1,495 | ||
| Mandarin Oriental | 3752 Las Vegas Blvd | 4-Dec-09 | 12,000 | 392 | ||
| ARIA Resort & Casino | 3730 Las Vegas Blvd | 16-Dec-09 | 300,000 | 4,004 | ||
| Planet Hollywood Towers by Westgate | 3667 Las Vegas Blvd South | 28-Dec-09 | $1,200 | 721 | 480 | |
| Holiday Inn Las Vegas | 4055 Palos Verdes St. | 28-Dec-09 | 1,100 | 129 | ||
| Hard Rock Hotel expansion and redevelopment | 4455 Paradise Road | 28-Dec-09 | 375 | |||
| TOTAL 2009: | $11,606 | 557,622 | 1,121 | 8,627 |
Since so much was constructed in 2008 and 2009 there is very little planned for the near future.
| Name of Property | Location | Completion | Cost (Millions) | Convention (Sq Ft) | Timeshares | Rooms |
|---|---|---|---|---|---|---|
| Planet Hollywood Towers by Westgate | 3667 Las Vegas Blvd South | Q1 2010 | 35,000 | 0 | ||
| La Quinta Inn & Suites | Las Vegas Airport South 6560 Surrey | May-10 | 4,000 | 140 | ||
| Marriott SpringHill Suites | Craig& Frehner | Jun-10 | 96 | |||
| Wingate by Wyndham | 315 W. Warm Springs | Mid 2010 | 209 | |||
| The Grandview at Las Vegas tower 6 | 9940 Las Vegas Blvd S | Jul-10 | 400 | |||
| Hampton Inn & Suites | SE corner of Sunset Rd. & Grier Dr. | Fall 2010 | $25 | 2,500 | 150 | |
| The Cosmopolitan Resort & Casino | 3708 Las Vegas Blvd S | Late 2010 | $3,900 | 167,000 | 2,998 | |
| The Harmon Hotel & Spa (CityCenter) | Within CityCenter development | Late 2010 | 17,500 | 400 | ||
| TOTAL 2010: | $3,925 | 226,000 | 400 | 3,993 | ||
| Marriott Courtyard | Tropicana & 215 | Sep-11 | 107 | |||
| TOTAL 2011: | 107 | |||||
| Marriott SpringHill Suites | Tropicana & 215 | Nov-12 | 97 | |||
| TOTAL 2012: | 97 |
How Much Money Does Rivers Casino Make A Day
Because the timeline is unknown the report omits the Fontainebleau Resort Las Vegas which is already topped out, but is currently in bankruptcy. Also the Echelon Place which is built as far as steel framing, but is on indefinite hold.
References[edit]
How Much Money Does Crown Casino Make A Day
- ^'February 2009 Nevada Gaming Revenues and Collections'(PDF). Nevada Gaming Control Board (Press release). 2009-04-07. Archived from the original(PDF) on 2012-02-17. Retrieved 2009-05-03.
- ^'GAMING REVENUE REPORT Aug 2009'(PDF).
- ^'GAMING REVENUE REPORT Oct 2007'(PDF).
- ^'MGM MIRAGE AND KERZNER INTERNATIONAL TO DEVELOP MULTI-BILLION DOLLAR LAS VEGAS RESORT'.
- ^'Planned Construction as 4 Nov 2009'(PDF).