Boulder Strip (Nevada gaming area)
Encyclopedia
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. 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.
revenue as listed in the annual gaming abstract for fiscal year 2008 (1 July 2007 through 31 June 2008). Equivalent figures for Downtown gaming Las Vegas
are shown for comparison. Licenses in Boulder Strip are only reported in one group. All 32 casinos make more than $1m in gaming revenue annually.
The Boulder Strip market is more dependent on Slot Machines than Downtown Las Vegas. The casinos are mostly oriented at 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
.
Gaming Licenses for Boulder followed by square footage of the casino. Since the 32 casinos include many very tiny casinos often with only slot machines, only those casinos with square footage over 10000 sq ft (929 m²). are listed. Those casinos with gaming revenue over $72M in fiscal year 2008 are shown.
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.
Nevada Gaming Commission
The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature....
for a segment of the casino industry in Las Vegas Nevada. 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.
Gaming Revenue of Boulder Strip Casinos
The Nevada Gaming CommissionNevada Gaming Commission
The Nevada Gaming Commission is a Nevada state governmental agency involved in the regulation of casinos throughout the state, along with the Nevada Gaming Control Board. It was founded in 1959 by the Nevada Legislature....
revenue as listed in the annual gaming abstract for fiscal year 2008 (1 July 2007 through 31 June 2008). Equivalent figures for Downtown gaming Las Vegas
Downtown gaming Las Vegas
Downtown Gaming is the term that the city of Las Vegas uses for the casinos near the Fremont Street Experience. The Nevada Gaming Control Board NGCB lists the Stratosphere Casino as a downtown casino even though that property is from Fremont Street and is often considered the northern edge of the...
are shown for comparison. Licenses in Boulder Strip are only reported in one group. All 32 casinos make more than $1m in gaming revenue annually.
| Boulder Strip | all | Downtown | Over $12 m | Under $12 m |
|---|---|---|---|---|
| Pit | $83,729,046 | Pit | $135,223,563 | $3,655,995 |
| Slots | $795,635,991 | Slots | $462,772,641 | $20,907,383 |
| Poker | $11,982,658 | Poker | $8,656,695 | |
| Race | $12,118,815 | Race | $3,157,740 | |
| Sports | $14,563,378 | Sports | $4,489,416 | |
| Total | $918,029,888 | Total | $614,300,055 | $24,563,378 |
| Number of Casinos | 32 | Number of Casinos | 11 | 5 |
| Average / Gaming | $28,688,434 | Average / Gaming | $55,845,460 | $4,912,676 |
| Average / Non-Gaming | $10,317,064 | Average / Non Gaming | $44,182,844 | $3,164,262 |
The Boulder Strip market is more dependent on Slot Machines than Downtown Las Vegas. The casinos are mostly oriented at 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
Wynn Resorts
Wynn Resorts Limited is a publicly traded corporation based in Paradise, Nevada that is a developer and operator of high end hotels and casinos. It was formed on October 25, 2002 by former Mirage Resorts Chairman and CEO Stephen A...
.
List of Boulder Strip casinos
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.Gaming Licenses for Boulder followed by square footage of the casino. Since the 32 casinos include many very tiny casinos often with only slot machines, only those casinos with square footage over 10000 sq ft (929 m²). are listed. Those casinos with gaming revenue over $72M in fiscal year 2008 are shown.
| LOC # | NAME | SQ. FT. | Over $72M |
|---|---|---|---|
| 16690-01 | Green Valley Ranch resort and spa Green Valley Ranch resort and spa Green Valley Ranch Resort and Spa is a hotel, casino, and resort spa located in the Green Valley planned community in Henderson, Nevada. It is a joint venture of Station Casinos and The Greenspun Corporation , each entity holds a 50% stake in the property.The property offers 8 restaurants, a ... |
133,659 | >$72M |
| 27038-01 | Sunset Station Sunset Station Sunset Station is a hotel and locals casino owned by Station Casinos on ninety-eight acres in Henderson, Nevada. Sunset Station is an off-strip locals casino located on Sunset Road near Interstate 515, across from the Galleria at Sunset shopping center.... |
133,409 | |
| 17503-01 | Sam's Town Hotel and Gambling Hall, Las Vegas Sam's Town Hotel and Gambling Hall, Las Vegas Sam's Town Hotel and Gambling Hall is a hotel and casino located in Sunrise Manor, Nevada on the Boulder Strip. It is one of the casinos owned and operated by Boyd Gaming Corporation... |
126,681 | |
| 19166-03 | Boulder Station Boulder Station Boulder Station is a casino and hotel located in Sunrise Manor, Nevada on Boulder Highway. Owned by Station Casinos, the hotel opened on August 23, 1994, and has a casino... |
89,443 | |
| 03274-02 | Fiesta Henderson Station Casinos Station Casinos Inc. is a gaming company based in the Las Vegas suburb of Summerlin, Nevada, founded by Frank Fertitta Jr.Station Casinos along with Boyd Gaming, Cannery Casino Resorts, American Casino & Entertainment Properties, and Herbst Gaming, dominate the Locals market in Las Vegas.The... |
73,450 | <$72M |
| 01018-07 | Arizona Charlie's Boulder Arizona Charlie's Boulder Arizona Charlie's Boulder Hotel & Casino is a 301 room hotel and a locals casino located in Paradise, Nevada. Owned by American Casino & Entertainment Properties, it is on Boulder Highway between the Boulder Station and the Sam's Town.-History:... |
47,541 | |
| 00780-04 | Jokers Wild Casino Jokers Wild Casino The Jokers Wild Casino is a locals casino located in Henderson, Nevada. It is one of the casinos owned by Boyd Gaming Corporation.It originally opened in 1990 as the Cattle Baron Casino, and closed in 1993. It was reopened on April 1st, 1993 as the Jokers Wild Casino.-External links:*... |
23,698 | |
| 16327-03 | Montelago at Lake Las Vegas Lake Las Vegas Lake Las Vegas is located in Henderson, Nevada. Lake Las Vegas refers to both a man made lake and to the area built around the lake. The area is sometimes referred to as the Lake Las Vegas Resort... |
22,000 | |
| 16017-03 | Eldorado Casino Eldorado Casino The Eldorado Casino is a casino located in Henderson, Nevada. It is owned by Boyd Gaming Corporation.- History :Purchased by Sam Boyd and Bill Boyd in 1962, it was the base for what later became the Boyd Group and then the Boyd Gaming Corporation.... |
17,756 | |
| 15322-04 | Hacienda Hotel and Casino | 17,275 | |
| 16017-03 | Eastside Cannery Hotel and Casino Eastside Cannery Hotel and Casino Eastside Cannery Hotel and Casino, a $250 million project on the Boulder Highway in Sunrise Manor, Nevada is owned and operated by Cannery Casino Resorts... * |
15,000 | |
| 00210-01 | Railroad Pass Hotel and Casino | 12,803 | |
| 03659-03 | Club Fortune Casino | 11,250 | |
- The Eastside Cannery Hotel and Casino had not opened up its new building by this time. The casino has now been expanded to 65000 square feet (6,038.7 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.