Las Vegas Strip Area To Lose Poker RoomState's Main Casino Corridor To Be Left With 19 Poker Rooms |
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Monte Carlo Resort and Casino on the Las Vegas Strip is closing its eight-table poker room. It opened in the late 1990s.
Ktnv.com reported that the MGM Resorts owned room will shutter on April 25. The plan comes as part of a massive $450 million renovation to the property, which includes two new hotels—Park MGM and The NoMad Las Vegas.
The closing will leave the Strip area with 19 poker rooms. There were 20 poker rooms with a combined 276 tables on or around the state’s main casino corridor as of December, according to a state revenue report. Nearly 150 cash game tables were added to the market during the annual WSOP.
In 2007, which was the height of the poker boom in Nevada in terms of market size, there were 26 poker rooms on or around the Las Vegas Strip, with a combined 396 tables.
Over the last 10 years, the Strip area has lost seven poker rooms and shed over 100 tables.
Statewide, there were 73 poker rooms with 661 licensed tables in 2016.
Poker rake on or around the Strip was $78 million in 2016, up less than a percent compared to 2015. Statewide, the poker rooms raked $117.8 million, down two-tenths of a percentage point year-over-year.
Statewide poker revenue reached a high of $168 million in 2007, and the Strip area accounted for $97.1 million of that rake.
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