The view of the Stateline casino corridor from the Tahoe Blue Event Center. The Center is expected to open in September.
Tara Addeo
Despite a shaky second half, the casinos at Stateline posted a 7.15 percent increase for the fiscal year that ended June 30.
The casinos brought in $251.4 million, up 7.15 percent from the prior fiscal year’s $234.7 million, according to figures released on Friday by the Nevada Gaming Control Board.
June, the final month of the fiscal year, saw a .73 percent decrease in revenue compared to June 2022, with the casinos raking in $22 million.
It was a busy year for the casinos with Ballys completing the rebranding of the former Mont Bleu and the announcement that the Hard Rock sold and will likely be renamed the Nugget.
The pending opening of the Tahoe Blue Event Center is also raising the stakes in Lake Tahoe. Proponents are betting the center will help revitalize the Stateline casino core, which has experienced a significant decline in revenues since the beginning of the century.
Casinos in the East Fork and Carson City townships experienced a 2.45-percent decline over the fiscal year, winning $132.9 million, though they wrapped up the year with a $11.49 million June, up 2.37 percent.
