Las Vegas Strip casinos win less, despite better luck at baccarat tables
And it could have been much worse if not for a big bump at the baccarat tables, where players lost more than $108 million for the month. Casinos benefited from this, as the win jumped by about 48% compared to March and 41% compared to April 2024.
The biggest haul came from multidenominational slot machines, which brought in $652.5 million statewide, more than an 11% increase over April 2024.
The Nevada Gaming Control Board reported statewide casino winnings of $1.23 billion, down 0.47% from April 2024. The Strip took in $646.87 million, down 2.88% compared to a year ago.
LAST MONTH: Nevada casino win drops statewide and on the Strip as Las Vegas visitor numbers plunge
Recently, comparisons to last year have been skewed by Super Bowl LVIII in February 2024. Now the playing field has leveled out a little. The Strip lost a big chunk of rooms a year ago when Tropicana Las Vegas closed on April 2, 2024. This month's numbers were more of an apples-to-apples comparison, although a drop in Canadian tourism and other international travel to Las Vegas is still feeling a pinch.
Another factor — the temporary shutdown of The Mirage as it rebrands as a Hard Rock International property — will bring another correction in July. March comparisons suffered from a big drop in Las Vegas visitation, which might have been impacted by 3.5% fewer hotel rooms available compared to 2024 levels.
Locals casinos grouped under the 'balance of Clark County' in the gaming win report showed steady results, bringing in $164.1 million — the second-highest total behind the Strip. That was an improvement of 0.52%.
Extended Las Vegas tourism slump shows April visits down 5.1%
The Boulder Strip and North Las Vegas both showed improved winnings, and Reno also had a positive month in comparison to April 2024. Here's a breakdown of some geographical areas in the report, with April win totals and comparisons to April 2024:
Las Vegas Strip: $646,870,396 (-2.88%)
Balance of Clark County: $164,095,072 (+0.52%)
Boulder Strip: $89,892,346 (+8.14%)
Downtown Las Vegas: $83,632,269 (+1.03%)
Reno: $64,699,483 (+9.15%)
Laughlin: $40,177,477 (-7.64%)
North Las Vegas: $24,882,015 (+4.36%)
Wendover (Elko County): $22,278,053 (+10.09%)
Mesquite: $17,912,271 (+6.58%)
South Lake Tahoe: $16,632,183 (-7.57%)
Nevada casinos are about 1% off the pace set during the previous fiscal year (July 1-June 30), despite the highest win totals in the state's history coming in December 2024 and January 2025.
Percentage fee collections so far in May (through May 23) were just over $68 million.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
2 hours ago
- Newsweek
Deep-Sea Mining Threatens U.S. Security and Ocean Peace
Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Invoking national security to justify private sector economic development is a tired cliché. And yet, in a troubling twist, a Canadian company is invoking U.S. national security to obtain an exclusive license from the U.S. government for a deep-sea mining venture for critical minerals in international waters—and it appears to be working. In April 2025, the Trump administration issued an executive order to greenlight deep-sea mining in international waters, signaling a possible intent to bypass international safeguards. Just days later, an application was filed—the world's first—to commercially mine the global seabed for minerals, including manganese, nickel, copper, and cobalt. These minerals are sometimes linked to defense needs, but there is little evidence that U.S. military procurement prioritizes them—or that seabed mining is necessary. U.S. sanctioned seabed mining contributes nothing to solving the real chokepoint: China's dominance in processing, not extraction. Marine biologist placing a transect and a square, for a later census of both fish and invertebrates. These image were captured on May 8,2025, in Chichiriviche de la Costa, Venezuela. Marine biologist placing a transect and a square, for a later census of both fish and invertebrates. These image were captured on May 8,2025, in Chichiriviche de la Costa, Venezuela. Getty Images Industry proposals would ship unrefined ore to overseas processors, with no domestic value added or direct supply chain benefits. The four metals targeted by would-be deep-sea miners are not subject to Chinese export controls, and the U.S. is not materially dependent on China for their raw ore. In many cases, the U.S. is a net exporter or can readily import from allies like Australia, Chile, and South Africa. There is a 50-year history of corporations attempting to access minerals on the ocean floor, with the dominant narrative shifting over time—from economic opportunity to climate necessity to national security. But invoking national security to justify deep-sea mining ignores the broader geopolitical reality: bypassing international consensus does not strengthen U.S. interests. Companies leading the push to launch deep-sea mining under a U.S. license are foreign-incorporated entities with no operational footprint—and no meaningful supply chain commitments to it. The timeline for commercial production remains uncertain and subject to indefinite delays due to technical, financial, and regulatory hurdles. Far from offering strategic value, this initiative is best understood as a speculative venture propped up by shifting political winds. Deep-sea mining is not the answer to a mineral security crisis—it's a solution to a problem that does not exist. The industry's business model not only fails to strengthen U.S. supply chains, it undermines the international legal frameworks the U.S. relies on to secure its maritime rights. This contradiction is especially stark when viewed through the lens of the United Nations Convention on the Law of the Sea (UNCLOS), the foundation of U.S. ocean diplomacy and strategic interests. The United States has long upheld most tenets of UNCLOS, benefiting from its framework even without ratifying it. In 2023, it secured sovereign rights over more than 1 million square kilometers of seabed—an area larger than Texas— coveted by Russia and Canada. Industry attempts to exploit the outdated Deep Seabed Hard Mineral Resources Act (DSHMRA) to bypass the International Seabed Authority (ISA) directly challenges these principles. France has called it "environmental piracy." Even China has denounced the move, positioning itself as a champion of multilateralism—a recognition once held by the U.S. The consequences are not hypothetical: this legal sleight of hand weakens the U.S.' extended continental shelf claims, threatens military operations that rely on legal clarity at sea, and erodes our moral authority to lead in maritime governance. A global moratorium is urgently needed, and the ISA has a critical role to play by halting exploitation licenses under its authority until robust environmental safeguards and scientific assessments are in place. While not universally binding, a moratorium would reinforce international norms, raise the political cost of going it alone, and help protect global ocean governance. The organization's council, which met in July, passed a resolution urging its legal and technical body to look at "noncompliance" with international law. What is truly at risk is the deep ocean itself—a living, carbon-storing, biodiversity-rich system we scarcely understand. A 2023 peer-reviewed study found that deep-sea mining could have a 28 percent higher climate impact than land-based sources, which are already major climate change accelerants. Even the ISA's own financial models show collapsing economic projections due to the volatility of the market for these metals—further calling into question the wisdom of risking irreparable damage to deep ocean ecosystems. Safer, cleaner, and more cost-effective alternatives—such as mineral recycling and domestic refining efforts—are gaining momentum, many with backing from the U.S. Department of Defense. If the U.S. wants to lead, it must uphold international law, not exploit its loopholes. The International Seabed Authority must hold the line, and Congress should reform DSHMRA and prevent foreign corporations from abusing U.S. law. Protecting national security means preventing ocean conflict—not accelerating it. We cannot outpace our principles. A moratorium on deep-sea mining is not a delay tactic; it's the strongest course of action—for peace, for ecosystems, and for American leadership. Randy Manner, a retired U.S. Army major general, has served as acting and deputy director of the Defense Threat Reduction Agency, where he helped safeguard nuclear weapons and materials and assisted with the neutralization of chemical munitions in Russia. Kevin Green, a retired U.S. Navy vice admiral, has served as deputy chief of naval operations and was recognized with the Navy Distinguished Service Medal and the Legion of Merit. He commanded the USS Taylor during Operation Desert Shield and later led the U.S. Naval Forces Southern Command. The views expressed in this article are the writers' own.
Yahoo
11 hours ago
- Yahoo
Canada Goose monitors US trade policy as revenue improves
This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Canada Goose's first quarter net revenue increased 22.4% year over year to 107.8 million Canadian dollars (about $78 million at the time of publishing), per a company press release Thursday. The apparel brand's direct-to-consumer revenue jumped about 24% and wholesale grew 12%. While gross profit improved about 26% to CA$66.2 million, Canada Goose's operating loss grew nearly 64% to CA$158.7 million and net loss increased 70% to CA$125.5 million. The company did not provide forward-looking guidance. 'As we see, anything can happen at any day,' CFO Neil Bowden said on a call with analysts Thursday. 'So we're maintaining a bit of prudence around what the outlook is for the year.' Dive Insight: As the state of U.S. and Canadian trade policies continues to fluctuate, Canada Goose is steadfast in monitoring the situation. 'We continue to monitor the ongoing developments as it relates to potential new U.S. tariffs on Canadian goods as well as potential second-order impacts on the consumer,' Bowden remarked on the call. The executive reiterated that about 75% of the brand's inventory is manufactured in Canada and 'virtually all comply with the USMCA requirements, making them currently exempt from tariffs.' From a regional perspective, Canada Goose's North American revenue was up 27% in Q1 led by DTC growth. Bowden noted that stores 'led the way with double-digit DTC comp sales growth each month in the quarter.' The brand is traditionally known for its cold-weather, high-end apparel, but it's been on a journey to expand past that reputation. In its press release Thursday, Canada Goose highlighted the release of its second Snow Goose capsule collection that featured a campaign set in the summery deserts of Utah. The latest release under creative director Haider Ackermann emphasized lightweight fabrics to reimagine classic styles from the brand. 'Newness is a new theme underpinned by the new Creative Director, Haider Ackermann, (appointed on May 2024), and we think the time is right for marketing spend in conjunction with faster and more relevant as well as lifestyle product flows,' TD Cowen analysts said in a note shared with Retail Dive on Friday. Nonheavyweight product is key to improving sales productivity and competing with top-tier luxury brands, the analysts added. The sentiment is shared by Canada Goose executives. 'When you look at the apparel growth that we've seen, we're a brand that is known for warmth,' Brand and Commercial President Carrie Baker said on the call with analysts. 'And outside of winter, we're just really not known as that brand, but this campaign, the collection really challenge that perception and people responded to it.' Recommended Reading Levi's braces for effects of economic uncertainty on consumers Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Black America Web
14 hours ago
- Black America Web
Tariffs Reach Highest Level Since 1934 Under Trump Plan
Source: Anna Moneymaker / Getty The U.S. is heading into tariff territory not seen since the Great Depression, with new trade measures from former President Donald Trump set to take effect August 7. The result? A potential price spike on everything from shoes and wine to furniture and electronics. Under Trump's newly ordered tariff regime, the average tax on imported goods will jump to 18.3%, the highest since 1934, according to Yale's nonpartisan Budget Lab. The move targets 66 countries, the European Union, Taiwan, and even the Falkland Islands. Among the steepest penalties: 40% on imports from Laos, 39% on Swiss goods, and 30% on products from South Africa. While some countries, such as Cambodia and Bangladesh, saw reduced tariffs after negotiations, the overall trade landscape remains tense. A 35% tariff on Canadian goods begins immediately, while action against China and Mexico is delayed pending talks. A 50% tax on imported aluminum and steel remains in place. We care about your data. See our privacy policy. The Budget Lab estimates the average U.S. household could lose around $2,400 in purchasing power due to higher prices, with a short-term 1.8% jump in inflation expected. Items already affected include: Eyewear : Ray-Ban maker EssilorLuxottica has raised prices. : Ray-Ban maker EssilorLuxottica has raised prices. Wine : Expect up to 30% price hikes on European wines by September. : Expect up to on European wines by September. Shoes and apparel : With 97% of clothing and shoes imported , costs are expected to rise 5–10% this fall. : With , costs are expected to rise 5–10% this fall. Furniture, electronics, and appliances: Many of which include foreign-made steel or aluminum, are already showing price upticks. Retailers have largely absorbed tariff costs until now. 'The new tariffs will impact merchandise in the coming weeks,' said David French of the National Retail Federation. Smaller businesses are especially concerned about staying afloat. Matt Priest of the Footwear Distributors and Retailers of America warned that back-to-school prices are already climbing. And automakers, though slow to respond publicly, are feeling the pressure: General Motors expects to lose $4–5 billion this year due to tariff-related costs. Trump has pitched these tariffs as a strategy to boost U.S. manufacturing and trade fairness. Some of the new trade deals do include specific wins—like the EU agreeing to buy $750 billion in American energy and Vietnam pledging $2 billion in U.S. agricultural goods. But experts say those victories may be short-lived, and some trade partners—particularly China—could shift away from U.S. markets in the long term. SEE ALSO Tariffs Reach Highest Level Since 1934 Under Trump Plan was originally published on
