Summary of Findings: Gaming
of Findings: Gaming Income Per Device
from the appraiser's report
following graphs illustrate the increases or decreases in gaming
revenue per device for the “21” tables, the roulette wheel,
the crap tables, the baccarat, keno, 5¢ slots, 10¢ slots, 25¢
slots, 50¢ slots and $1 slots. Following the graph showing the
income per device is a chart showing the actual annual income
per gaming device and the percent of change of 1972 over 1971,
1973 over 1972 and 1974 over 1973. The graphs show the changes
in Income per device for 1971, 1972, 1973 and 1974 and show
the number of devices installed or licensed along the “Strip”
for each the devices during each of the four years.
the per device income has increased annually from 1971 through
1973. Income declined on a per device basis in 1974 by reason
of the heavy addition of devices. Each graph shows the per device
income of the upper quartile units and the per device income
of the middle quartile units.
roulette and craps each showed a substantial increase in each
of the years except 1974, with the exception of the upper quartile
in “21” which showed a slight decline in per device in 1972
from 1971. This, however, is considered to be a result of the
large number of devices added in 1972. The change in the number
of devices in roulette and craps was nominal with none in roulette
and only a slighi,increase in craps in 1973 over 1972.
win increased substantially per device each year shown. The
number of baccarat tables on the “Strip” from 1971 through 1973
was increased 50% while revenue increased 35% per table. It
must be reiterated, that baccarat win per device is not a quartile
average but is an average income per device for all baccarat
tables on the “Strip”. While baccarat revenue did not increase
dramatically per device in 1974, 33% more tables were added.
slot incomes had a decline from 197l to 1972 but a substantial
increase from 1972 through 1974. The decline in 1972 on 5¢ slots
can be attributed to the large number of slots added on the
“Strip” during this period of time. The upper quartile average
experienced a greater decline than the middle quartile average
which would tend to substantiate the affect on the addition
of the number of slots. Heavy additions to the number of slots
were made in 1974, yet income per slot increased.
addition on the number of 10¢ slots during this period of time
was not as substantial as the addition of the 5¢ slots. However,
growth patterns were similar, indicating a declining popularity
in 10@ slots. In the 25¢ slots, the upper quartile experienced
a decline while the middle quartile slots experienced an increase
in income per device. This is considered a result of heavy additions
in the number of slots.
middle quartile income per device on the 50@ slots increased
steadily from 1971 through 1974. However, the upper quartile
50¢ slots increased from 1971 to 1972, then declined slightly
in 1973 and increased again in 1974. This is considered to be
a result of the shortage of 50¢ pieces experienced in 1972.
While the average player had sufficient 50¢ pieces to maintain
an increase in the income per device on 50¢ slots middle quartile
from 1972 to 1973, the heavier played machines declined slightly
by reason of the shortage.
The $1 slots
declined from 1971 to 1972, then increased substantially through
1974 on the middle quartile and increased substantially all
years on the upper quartile. From 1971 to 1972, a shortage in
silver dollars was apparent. A large supply of silver dollars
was released in late 1972 and early 1973 which is considered
to have caused the substantial increase in 1973 over 1972. However,
the upper quartlie devices, contained in the more active and
high volume larger casinos, had a dollar supply from the casino
to maintain the increase in the per device income on $1 slots
from 1971 to 1972.
The following is a visual presentation in both graphic and chart form on incomes per device for those devices described previously.
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Last modified Wednesday, 02-Dec-2009 11:36:02 PST