50°F
weather icon Clear

Jobs cut as county casino revenue drops

The introduction of another casino into the Pahrump market has failed to grow revenues, and instead siphoned customers from existing competitors.

Nye County gaming revenue in July was $3.7 million, a decrease of 1.25 percent from the same month last year. Casino revenue for May-July slipped 1 percent from last year to $11.5 million.

Terrible’s Road House Casino opened in late March with slot machines and no table games in the old Mountain View Casino on Pahrump Valley Boulevard. However, every full month since its opening has seen flat revenue or decreases including a 3.6 percent drop in April, a 1.5 percent increase in May, and a 3.6 percent drop in June before July’s decrease.

Golden Entertainment, which own three large casinos which generate 70 percent of the area’s casino revenue, made some cuts this week in response to the poor summer months. Twenty-six employees were cut in the layoffs across the Pahrump Nugget, Gold Town Casino and Lakeside Casino & RV Park. The company also permanently closed Kids Ventures at the Nugget.

The cuts come nearly three weeks after Las Vegas-based Golden Gaming completed its $341 million merger with Minnesota-based Lakes Entertainment, creating Golden Entertainment, a publicly traded casino, tavern and slot machine route operation with business interests in Nevada and Maryland.

Don't miss the big stories. Like us on Facebook.
THE LATEST
More fire hydrants installed in Central Pahrump

The hydrants will help with fire protection in the area, and should give homeowners there a break on their fire insurance rates.

More roads reopen in Death Valley

Roughly four months after severe summer storms, additional roadways in Death Valley National Park are finally reopening.

Like Santa? Like Cookies? This PDOP event is for you

Pahrump Disability Outreach Program will be helping families get into the holiday spirit with an all-new, free community event: Cookies with Santa.

Man tried to carjack driver with knife: NCSO

A Pahrump man was arrested Sunday morning after he allegedly tried to stab a motorist with a knife on Highway 160 near McDonald’s, according to reports from the Nye County Sheriff’s Office.

VEA and CoBank donate $20k to these nonprofits

In the true giving spirit of the holidays, Valley Electric Association and CoBank are spreading the love this season with $20,000 in donations making their way into the coffers of three area nonprofits, bolstering each of the organization’s community-oriented efforts.

Want to see the Silver Tappers Christmas show? There’s a waitlist

The Nevada Silver Tappers and Ms. Senior Golden Years will host their 32nd Annual Christmas Benefit Show and members are excited to report that tickets are in such high demand, “There’s actually a waiting list!”

Holiday fundraiser will help kids get a good night’s sleep

The holiday season is officially underway so it’s a great time for residents to think about how they can help make a difference in the lives of others. One simple way to do just that is attending the 2nd Annual Nye County Sleep in Heavenly Peace Holiday Fundraiser, proceeds from which will go directly to providing beds to children in need.