Boulder Strip (Nevada gaming area)

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The Boulder Strip gaming market is a division used by the Nevada Gaming Commission for a segment of the casino industry in Las Vegas, Nevada, United States. The region is named for the Boulder Highway which is the dominant highway in the region.

The American Gaming Association lists Boulder Strip as #10 out of the top 20 US Casino Markets by annual revenue, just ahead of Reno/Sparks, Nev.[1]

Gaming Revenue of Boulder Strip Casinos[edit]

The Nevada Gaming Commission publishes revenue in its annual Gaming Abstract report, covering the preceding fiscal year (1 July through 30 June). For fiscal year 2008 (1 July 2007 through 31 June 2008), the Boulder Strip market was compared to Downtown Las Vegas.[2] Licenses in Boulder Strip are only reported in one group. All 32 casinos in the Boulder Strip group make more than $1 M in gaming revenue annually.

Las Vegas Downtown vs. the Boulder Strip Casinos
Annual (FY2008) gaming revenue[2]: 2–26, 2–27, 2–58, 2–59 
Boulder Strip Category Downtown
all (>$1 M) all (>$1 M)
32 Number of Casinos 16
$83,729,046 Pit (includes Keno and Bingo) $135,223,563
$795,635,991 Coin operated devices (includes Slots) $462,772,641
$11,982,658 Poker and Pan $8,656,695
$12,118,815 Race Book $3,157,740
$14,563,378 Sports Pool $4,489,416
$918,029,888 Total Gaming Revenue $614,300,055
$28,688,434 Average Gaming Revenue/Site $55,845,460
$1,248,175,924 Total Revenue
(includes Rooms, Food, Beverage, and Other)
$1,100,311,344
$39,005,498 Average Total Revenue/Site $68,769,459

The Boulder Strip market is more dependent on slot machines than Downtown Las Vegas. The casinos are mostly oriented toward locals. Race and Sports book are more important. The entire Boulder Strip market (gaming and non-gaming) is a little smaller than the revenue generated by the Las Vegas properties of Wynn Resorts.

List of Boulder Strip casinos[edit]

The Nevada Gaming Commission has stretched the definition of the Boulder Strip so that includes not just the Boulder Hwy., but all of the casinos in the city of Henderson. The following list includes gaming licenses for the Boulder Strip and the area of the casino. Since the 32 casinos include many small casinos, often equipped only with slot machines, this list is limited to casinos with gaming areas greater than 10,000 sq ft (930 m2). The casinos with gaming revenue over $72 M in fiscal year 2008 are noted.

Boulder Strip Casinos Over 10,000 sq ft (930 m2).
Location #[3] Name Area Revenue >$72M
27038-01 Green Valley Ranch Resort & Spa 133,659 Yes
16690-01 Sunset Station 133,409
03274-02 Sam's Town Hotel and Gambling Hall, Las Vegas 126,681
17503-01 Boulder Station 89,443
19166-03 Fiesta Henderson 73,450 No
16017-03 Arizona Charlie's Boulder 47,541
01018-07 Jokers Wild Casino 23,698
00210-01? Montelago at Lake Las Vegas 22,000
00780-04? Eldorado Casino 17,756
15322-04? Hacienda Hotel and Casino 17,275
03659-03 Eastside Cannery Hotel and Casino[a] 15,000
00004-07 Railroad Pass Hotel and Casino 12,803
16327-05 Club Fortune Casino 11,250
Notes
  1. ^ The Eastside Cannery Hotel and Casino had not opened up its new building by this time. The casino has now been expanded to 65,000 square feet (6,000 m2).

The total revenue (gaming and non-gaming) for the 32 casinos was $1248 million. Individual revenues for casinos is difficult to know with certainty since many companies are private and do not report revenue, or they are public, but only report revenue for groups of casinos. From the NGC abstract we know that the top eight casinos collectively took in between $858 million and $1147 million with an individual minimum of $37 million. From the square footage of the casino floor, number of machines and gaming tables, general quality of the resort and an SEC report that said that Arizona Charlie's Boulder took in $48m in revenue in one year, one can assume that the top eight are the first eight in the above list.

Green Valley Ranch, Sunset Station, Boulder Station, and Sam's Town are the four largest casinos with roughly 2,500 slot machines apiece. Casino Montelago at Lake Las Vegas caters to tourists at the upscale resorts in Lake Las Vegas. Fiesta Henderson and Arizona Charlie's Boulder are the next in size. Eastside Cannery was under construction during the time period of the report (July 1, 2007 - June 30, 2008) so their revenue numbers represented the Nevada Palace, an older casino on the site. Joker's Wild and Eldorado Casino are both owned by Boyd gaming, and Joker's Wild is slightly larger with 30 more slot machines and a poker room.

For the first 11 months of the last fiscal year gaming revenue is down 9.32% vs. 13.9% for Clark County as a whole partly because the Eastside Cannery Resort opened this fiscal year.

There are less than 3,000 rooms associated with all of these casinos so that non-gaming revenue consists of mostly food and beverages plus lease fees to secondary businesses like bowling alleys. The five largest of these casinos have a cinema attached to the complex leaving only the aging Cinedome Henderson which opened in 1993 as the only free standing first run cinema in Henderson.

References[edit]

  1. ^ "Top 20 U.S. Casino Markets by (2009) Annual Revenue". May 2010. Archived from the original on 2010-07-06.
  2. ^ a b "Gaming Abstract for Fiscal Year 2008" (PDF). Archived from the original (PDF) on 2009-06-15.
  3. ^ "Location Name and Address List by Type Report (Nonrestricted)". Nevada Gaming Commission. 2021. Retrieved 1 November 2021.