NV Bankruptcys Fall Slightly

The number of Nevada residents filing bankruptcy, the last resort for many burdened by financial woes, is tapering somewhat from early 2010 highs. Nevada had 2,247 filings in August 2011 compared to 2,596 in August 2010--down 13.4% YOY.



Filings for bankruptcy in Nevada peaked in FY 2010 with 30,352 total filings and dropped 7.8% to 27,051 in FY 11. FY 12 is on track to be lower than FY 11.

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Nevada Gaming Revenue Dips

Gaming revenue in Nevada was down 6.1% in August from the same month the year before as Clark County and Washoe County (representing 88% of Nevada's population) fell 6.7% and 9.5%, respectively. The Boulder Strip in Southern Nevada and South Lake Tahoe in Northern Nevada were the only major gaming areas with YOY increases.


August's revenue was up 4.7% from August 2009 as Nevada creeps out of recession woes.  Although, August's gaming revenues disappoint, revenues continue to trend upward from 2009 lows.

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