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, United States. 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. [1]
The Nevada Gaming Commission publishes revenue in its annual Gaming Abstract report, covering the preceding fiscal year (1 July through 30 June). For fiscal year 2008 (1 July 2007 through 31 June 2008), the Boulder Strip market was compared to Downtown Las Vegas. [2] Licenses in Boulder Strip are only reported in one group. All 32 casinos in the Boulder Strip group make more than $1 M in gaming revenue annually.
Boulder Strip | Category | Downtown |
---|---|---|
all (>$1 M) | all (>$1 M) | |
32 | Number of Casinos | 16 |
$83,729,046 | Pit (includes Keno and Bingo) | $135,223,563 |
$795,635,991 | Coin operated devices (includes Slots) | $462,772,641 |
$11,982,658 | Poker and Pan | $8,656,695 |
$12,118,815 | Race Book | $3,157,740 |
$14,563,378 | Sports Pool | $4,489,416 |
$918,029,888 | Total Gaming Revenue | $614,300,055 |
$28,688,434 | Average Gaming Revenue/Site | $55,845,460 |
$1,248,175,924 | Total Revenue (includes Rooms, Food, Beverage, and Other) | $1,100,311,344 |
$39,005,498 | Average Total Revenue/Site | $68,769,459 |
The Boulder Strip market is more dependent on slot machines than Downtown Las Vegas. The casinos are mostly oriented toward 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.
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. The following list includes gaming licenses for the Boulder Strip and the area of the casino. Since the 32 casinos include many small casinos, often equipped only with slot machines, this list is limited to casinos with gaming areas greater than 10,000 sq ft (930 m2). The casinos with gaming revenue over $72 M in fiscal year 2008 are noted.
Location # [3] | Name | Area | Revenue >$72M |
---|---|---|---|
27038-01 | Green Valley Ranch Resort & Spa | 133,659 | Yes |
16690-01 | Sunset Station | 133,409 | |
03274-02 | Sam's Town Hotel and Gambling Hall, Las Vegas | 126,681 | |
17503-01 | Boulder Station | 89,443 | |
19166-03 | Fiesta Henderson | 73,450 | No |
16017-03 | Arizona Charlie's Boulder | 47,541 | |
01018-07 | Jokers Wild Casino | 23,698 | |
00210-01? | Montelago at Lake Las Vegas | 22,000 | |
00780-04? | Eldorado Casino | 17,756 | |
15322-04? | Hacienda Hotel and Casino | 17,275 | |
03659-03 | Eastside Cannery Hotel and Casino [lower-alpha 1] | 15,000 | |
00004-07 | Railroad Pass Hotel and Casino | 12,803 | |
16327-05 | Club Fortune Casino | 11,250 | |
The total revenue (gaming and non-gaming) for the 32 casinos was $1.248 billion. 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.
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Clark County is a county located in the U.S. state of Nevada. As of the 2020 census, the population was 2,265,461. Most of the county population resides in the Las Vegas Census County Divisions, which hold 2,196,623 people as of the 2020 Census, across 435 square miles (1,130 km2). It is by far the most populous county in Nevada, and the 11th most populous county in the United States. It covers 7% of the state's land area but holds 73% of the state's population, making Nevada the most centralized state in the United States.
Boyd Gaming Corporation is an American gaming and hospitality company based in Paradise, Nevada. The company continues to be run by founder Sam Boyd's family under the management of Sam's son, Bill Boyd, who currently serves as the company's executive chairman after retiring as CEO in January 2008.
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Golden Entertainment is an American gaming company based in Enterprise, Nevada that operates casinos, taverns and slot routes. It was formed in 2015 by the merger of Golden Gaming and Lakes Entertainment. It is the largest tavern operator and largest slot route operator in Nevada. In October 2017, the company completed an $850 million acquisition of American Casino & Entertainment Properties. The company now has eight casino resorts, all located in Southern Nevada.
Affinity Interactive, formerly known as Herbst Gaming and Affinity Gaming, is an American private casino and sports betting company based in Paradise, Nevada. It operates eight casinos in Nevada, Missouri, and Iowa, and publishes the Daily Racing Form.
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Cannery Casino Resorts was a hotel and casino operator based in Spring Valley, Nevada. It was acquired by Boyd Gaming in 2016.
Eastside Cannery Casino and Hotel is a locals casino on the Boulder Strip in Sunrise Manor, Nevada, owned and operated by Boyd Gaming. The Eastside Cannery has 65,000 sq ft (6,000 m2) of casino space, 307 hotel rooms, a special events ballroom, a private club on the 16th floor, one restaurant and two bars.
Aliante Casino and Hotel is a hotel and casino in the Aliante community in North Las Vegas, Nevada. It is owned and operated by Boyd Gaming. The resort was announced as the Aliante Station in December 2005, as a joint project between Station Casinos and The Greenspun Corporation, with an initial cost of $400 million to $450 million. Construction began in February 2007, and the resort was built at a cost of $662 million.
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