Downtown (Nevada gaming area)

Since the majority of the casinos remain outside the city limit many people have been promoting the idea of a Consolidated city–county government as a more equitable way to share revenue.

The Las Vegas Convention and Visitors Authority (LVCVA) posts an executive summary for forty one categories.

Since fiscal year 1990 when the Mirage opened on the Las Vegas Strip gaming revenue downtown has been flat.

For Downtown Las Vegas, the total revenue dropped after September 11 attacks in 2001 as it did in most resort areas including the Strip.

Tom Breitling and Tim Poster were the highest profile successful entrepreneurs who profited in the downtown market during the last crisis.

As recounted in Tom Breitling's book, Double or Nothing, the partners agreed to buy the Golden Nugget and had an agreement to sell the property after operating it for only one year.

[10] The partners made $113 million in profit called the highest rate of return in such a short time in the gaming industry.

Although the sale of the Golden Nugget is completed after six months needed to earn gaming license, no casino purchases are negotiated this fiscal year.

Although revenue drop has been comparatively benign in the recession, the interest on the long term notes for this land speculation has made the company unprofitable.

Fiscal year 2006 (July 1, 2005 through June 30, 2006) set all time records for downtown Las Vegas in terms of total revenue gaming and non-gaming.

Some downtown casinos may come on the market in the near future, as an investor will be eager to try to repeat the success of Breitling, Poster and Icahn.

In an article by journalist Ben Spillman, he describes a report that looks at historical costs and provides accurate estimates of revenues of the individual downtown casinos.