6.1 percent ahead of schedule<\/a>, according to the LVSA. The stadium account holds $45,259,840, which is a $2.58 million premium on the budgeted total.<\/p>\nRoom Revenue Up, Visitation Down<\/b><\/h2>\n
January’s elevated hotel occupancy tax wasn’t driven by strong visitation numbers. In fact, the Las Vegas Convention and Visitors Authority reported that volume decreased 3.3 percent compared to the same month in 2017.<\/p>\n
Instead, higher room rates, driven by fewer available rooms due to renovations throughout Clark County, led to the 0.88 percent charge generating more money for the LVSA.<\/p>\n
Gambling fortunes for casinos across the Las Vegas Valley also declined during January. Clark County as a whole saw gross gaming win decrease by 3.7 percent, and things were even worse along the Strip where numbers plummeted nearly nine percent.<\/p>\n
However, Nevada Gaming Control Board Analyst Mike Lawton said it was a difficult comparison, as January 2017 had one more weekend day than 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Las Vegas Stadium Authority (LVSA) reports that after 11 months collecting an increased occupancy tax on hotel rooms in Clark County, actual revenues are 6.1 percent ahead of budgeted forecasts. In preparation for its Thursday meeting, the Stadium Authority revealed that January was an exceptionally strong month in terms of hotel occupancy tax revenue. […]<\/p>\n","protected":false},"author":25,"featured_media":73334,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[10,13592,16],"tags":[],"acf":[],"yoast_head":"\n
Las Vegas Stadium Authority on Track to Fund $750 Million Commitment<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n