As noted in a recent Las Vegas Review-Journal story, Nevada casinos won $11.1 billion in the fiscal year ending June 30. While that sounds like a lot — and anything with a billion in it is a lot — that amounted to a 0.66 percent increase over the previous year. In another words after roughly 43 million tourists descended on Las Vegas in the last year, some of whom gambled and some of whom found other things to do, casinos managed to eke out a very modest gain of less than 1 percent over the previous year. Of course, it could have been worse. As noted in the Las Vegas Review-Journal story, Macau saw a 22.5 percent decline in win over the same 12-month period. Such are the fortunes of gambling.
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