The Nevada Gaming Abstract is an annual financial analysis of nonrestricted gaming licensees producing $1 million or more in gaming revenue for the fiscal year (July-June). It is released annually by the Nevada State Gaming Control Board in mid-February for the previous fiscal year.
The first Abstract appeared in November 1972, covering the fiscal years ending June 30 1967, 1968, 1969, 1970, and 1971. It was assembled by the Gaming Control Board's Economic Research section with the help of R.C. Weems, Dean of the College of Business Administration at the University of Nevada Reno, and Albin Dahl and Bill Eadington of that university. The State Central Data Processing unit under the direction of Gordon Harding, as well as programmer Bill Vance made the analysis possible by collecting the data and writing computer programs to analyze it (1972 Abstract).
The abstract appeared after a 1966 study by the accountants Lybrand, Roos Brothers found an "absence of consistency" in reporting financial data. As a result, the Gaming Control Board created the Economic Research section to collect and analyze statistical data. This data would then be used to "measure the efficiency or economics of the individual organizations, or to appraise economic conditions which have a bearing on the industry" (1972 Abstract).
In its initial incarnation, the Abstract included sections on: Downtown Las Vegas, the Las Vegas Strip, Douglas County--South Lake Tahoe, Elko County, Reno/Sparks, and the Balance of the State. Additional sections gave data for Hotel and Casino Complexes, Race Books and Sports Pools, and casinos with annual revenues of less than $1 million.
Each section included information on assets, liabilities, balance sheet ratios, revenues, expenses, win per unit, and percent of revenue produced by games and devices.
After 1972, the Nevada Gaming Abstract was issued annually. Beginning in 1975, a series of changes in the data collected and additions to the original categories commenced. In that year, the Abstract began breaking down revenue in major areas, dividing the results into groups containing casinos makes $1 million to $10 million, $10 million to $20 million, and $20 million and over. It added a section on publicly-traded corporations and information on employment and wages. Later editions added data on hotel occupancy and complimentary expenses.
In 1984, several changes to the Abstract took place: the tables were substantially re-arranged, though they retained much of the same data as previously, average win per unit was published as a separate document, and the employment data was simplified. Further changes in 1990 continued the trend of altering the statistical mix as the industry expanded.
By 2006, the Abstract had taken on the following format:
Section 1featured casinos grossing $1 million and over in gaming revenue, with aggregate totals shown statewide and for Clark County, Douglas County--South Shore Lake Tahoe, Elko County, Carson Valley, Washoe County, and the balance of the counties. Section t2 stratified selected geographical areas into smaller groups based on gaming revenue: the Las Vegas Strip, Downtown Las Vegas, the Boulder Strip, and the balance of Clark County; Wendover; Reno/Sparks and the balance of Washoe County. Section 3 featured casinos with rooms and publicly-traded casinos with gaming revenues of more than $12 million for the year.
Information presented from that year onward included: the Combined Balance Sheet, a detailed Combined Income Statement, Average Number of Employees, Room Occupancy Rates, Per Room Per Day Statistics, Gaming Revenue Per Square Foot, and Ratios.
The Nevada Gaming Abstract is the progenitor of all regulatory revenue statistics. Today, it is supplemented by monthly revenue reports and revenue analyses, but it remains an important source of statistical data for those who study gambling and those who are interested in casino financial performance.
For more information, see:
Nevada Gaming Abstracts in the UNLV Library Catalog
Nevada Gaming Abstract online index (since 1990)
The first Abstract appeared in November 1972, covering the fiscal years ending June 30 1967, 1968, 1969, 1970, and 1971. It was assembled by the Gaming Control Board's Economic Research section with the help of R.C. Weems, Dean of the College of Business Administration at the University of Nevada Reno, and Albin Dahl and Bill Eadington of that university. The State Central Data Processing unit under the direction of Gordon Harding, as well as programmer Bill Vance made the analysis possible by collecting the data and writing computer programs to analyze it (1972 Abstract).
The abstract appeared after a 1966 study by the accountants Lybrand, Roos Brothers found an "absence of consistency" in reporting financial data. As a result, the Gaming Control Board created the Economic Research section to collect and analyze statistical data. This data would then be used to "measure the efficiency or economics of the individual organizations, or to appraise economic conditions which have a bearing on the industry" (1972 Abstract).
In its initial incarnation, the Abstract included sections on: Downtown Las Vegas, the Las Vegas Strip, Douglas County--South Lake Tahoe, Elko County, Reno/Sparks, and the Balance of the State. Additional sections gave data for Hotel and Casino Complexes, Race Books and Sports Pools, and casinos with annual revenues of less than $1 million.
Each section included information on assets, liabilities, balance sheet ratios, revenues, expenses, win per unit, and percent of revenue produced by games and devices.
After 1972, the Nevada Gaming Abstract was issued annually. Beginning in 1975, a series of changes in the data collected and additions to the original categories commenced. In that year, the Abstract began breaking down revenue in major areas, dividing the results into groups containing casinos makes $1 million to $10 million, $10 million to $20 million, and $20 million and over. It added a section on publicly-traded corporations and information on employment and wages. Later editions added data on hotel occupancy and complimentary expenses.
In 1984, several changes to the Abstract took place: the tables were substantially re-arranged, though they retained much of the same data as previously, average win per unit was published as a separate document, and the employment data was simplified. Further changes in 1990 continued the trend of altering the statistical mix as the industry expanded.
By 2006, the Abstract had taken on the following format:
Section 1featured casinos grossing $1 million and over in gaming revenue, with aggregate totals shown statewide and for Clark County, Douglas County--South Shore Lake Tahoe, Elko County, Carson Valley, Washoe County, and the balance of the counties. Section t2 stratified selected geographical areas into smaller groups based on gaming revenue: the Las Vegas Strip, Downtown Las Vegas, the Boulder Strip, and the balance of Clark County; Wendover; Reno/Sparks and the balance of Washoe County. Section 3 featured casinos with rooms and publicly-traded casinos with gaming revenues of more than $12 million for the year.
Information presented from that year onward included: the Combined Balance Sheet, a detailed Combined Income Statement, Average Number of Employees, Room Occupancy Rates, Per Room Per Day Statistics, Gaming Revenue Per Square Foot, and Ratios.
The Nevada Gaming Abstract is the progenitor of all regulatory revenue statistics. Today, it is supplemented by monthly revenue reports and revenue analyses, but it remains an important source of statistical data for those who study gambling and those who are interested in casino financial performance.
For more information, see:
Nevada Gaming Abstracts in the UNLV Library Catalog
Nevada Gaming Abstract online index (since 1990)
