Nevada May casino winnings rise 12.5 percent - Tuesday 12th of July 2005

Las Vegas casinos, including the new Wynn Las Vegas resort, won $1.02 billion from gamblers in May, a 12.5 percent jump from a year earlier, state regulators said on Tuesday.

The results are particularly impressive given that May of 2004 included an extra Saturday, said Frank Streshley, senior research analyst at the Nevada Gaming Control Board.

Revenue on the Las Vegas Strip, home to the major casino resorts, rose 14.8 percent to $538.8 million. Downtown Las Vegas revenue fell 3.3 percent to $58.1 million, while North Las Vegas revenue rose 41.8 percent to $29.4 million.

Reno area revenue fell 2.8 percent to $65.2 million.

Major casino operators include Harrahs Entertainment Inc.(HET.N: Quote, Profile, Research), MGM Mirage (MGM.N: Quote, Profile, Research), Station Casinos Inc.(STN.N: Quote, Profile, Research), Boyd Gaming Corp.(BYD.N: Quote, Profile, Research) and Wynn Resorts Ltd. (WYNN.O: Quote, Profile, Research).

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