• Best Casinos On Fremont Street
• Fremont St Casinos

There is no casino in Fremont in California (CA), the nearest casino is located in Hayward: the Palace Poker Casino. You will find in this casino only card games. You can play to No Bust Blackjack and Double. There is also a poker room including Omaha, Texas Hold’em Limit and Texas Hold’em No-Limit as well as a. The casino’s lineup of 40 table games includes a casino rarity: $1 bet blackjack. There’s also Casino War, Fortune Pai-Gow, Ultimate Texas Hold’em and others. In addition to the table games, Table Mountain spreads limit and no-limit games in their 10 table poker room, along with weekly tournaments and some splash-the-pot type of promotions. Casinos With Slots in Fremont on YP.com. See reviews, photos, directions, phone numbers and more for the best Casinos in Fremont, CA.

'Downtown Las Vegas Area' is the name assigned by the Nevada Gaming Control Board NGCB which includes the Downtown Las Vegas area casinos and the Stratosphere Tower which is located 2 miles (3.2 km) from Fremont Street.^[1] The city of Las Vegas uses the term Downtown Gaming for the casinos near the Fremont Street Experience.^[2] The land is part of the 110 acres (45 ha) that were auctioned on May 15, 1905 when the city was founded.

Downtown competition[edit]

In fiscal year 1988 the ratio of revenue for the Strip compared to downtown was less than 3:1. In FY2008 the ratio is over 10:1. However, downtown rode the massive increase in tourist spending from 2004 through 2007 that swelled the non-gaming revenue of the area. Non gaming revenue and income hit an all-time high in FY2006.

The population of the city of Las Vegas has increased from 249,000 in 1990 to over 600,000 in 2010. In the interim three major hotels have been constructed inside the city limits (Stratosphere Las Vegas, Suncoast Hotel and Casino and Rampart Casino). The downtown casino district with over 1100 employees has remained important to the city. 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.^[3]

Casinos in the Downtown Nevada Gaming Area[edit]

This table includes large casinos inside the area limits. The table, game, and slot count is valid on December 31, 2008. The category of over $1 million and under $12 million are re-evaluated every fiscal year. FSE means Fremont Street Experience. Games refers to table games. License numbers are issued by city of Las Vegas.^[4]

Monthly executive summary[edit]

A monthly report of gaming revenue is released about five weeks after the end of the month. These statistics are posted in several locations on the Internet. The Las Vegas Convention and Visitors Authority (LVCVA) posts an executive summary for forty one categories.^[5] The number that gets the most attention is the percentage change of gaming revenue from the same month the previous year.

Historical data is released in various formats. The LVCVA maintains year to date and year end tables with on their site back to calendar year 2002.^[6] Data presented in graphic form covering several years is easier to visualize.^[7]

Nevada Gaming Control Board publications[edit]

The NGCB maintains a list of publications.^[8] Cumulative data is reported in fiscal years (FY) (July 1 to June 30) instead of calendar years.

Downtown Las Vegas currently has 16 nonrestricted gaming locations that earn more than $1 million per year in gaming revenue. Since fiscal year 1990 when the Mirage opened on the Las Vegas Strip gaming revenue downtown has been flat. Non-gaming revenue has increased, but income also remains relatively flat. Some of the smaller casinos have since closed, and one major casinos hotel, (The Stratosphere) has opened. On average, the casinos that have less than $12 million per year in gaming revenue have a negative income.

• Based on numbers of hotel rooms, slot machines, and table games the three largest operations are (not in order of revenue) the Golden Nugget, the Stratosphere Las Vegas and Boyd Gamingdowntown division which consists of the Main Street Casino, the California Hotel and Casino, and the Fremont Casino.
• In 1990 one of the 11 casinos in the over $12 million category was the Golden Gate Hotel and Casino, but revenue is now under $12 million. The Stratosphere has taken its place.
• Of the 5 current license holders in the under $12 million category, 3 of them currently offer slot machines only (no table games, poker, racing or sports), and only 2 of them have small attached hotels (100 rooms apiece).

For Downtown Las Vegas, the total revenue dropped after September 11 attacks in 2001 as it did in most resort areas including the Strip. Total revenue includes all sources of revenue for the property (food, drinks, attractions, etc.). Unlike the strip, income remained slightly positive, but revenue did not recover for three years. Profitability was restored during this period solely through cost-cutting measures. An analysis of the data could reveal how much of the cost cutting was payroll, cost of goods (food and beverage), and number of employees.

Beginning with December 2001, all of the properties changed ownership, at least once, with the exception of the 3 properties in the Boyd Gaming downtown division. Most ownership changes are accompanied by attempts to upgrade the properties with new restaurants, clubs, renovations, and games.

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.^[11]

By FY2006 total revenue for downtown exceeded that of FY2004 by $106 million. Margins (income over revenue), income, and revenue all reach record highs for downtown. Margins even surpass the Strip according to NGCB Data. 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. Heartened by the improving economic conditions, the Lady Luck is closed for complete renovations.

On February 21, 2008 corporate raider Carl Icahn sold his four Southern Nevada casinos, comprising American Casino & Entertainment Properties anchored by the Stratosphere Las Vegas and realized a gain of $1 billion after a decade of investing in the market.^[12] The price for the properties was agreed on the previous April, and was based on an appraised value of $718.443 million for the land. 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.

Revenue since July 1, 2006[edit]

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. Revenue in FY2007 and FY2008 dropped. But like the rest of Nevada FY2009 was the most severe fiscal year since downtown gaming peaked in the early 1990s.

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• Boyd Gaming reported their year end revenue on February 26, 2009.^[13] The downtown properties are one of the relatively brightest properties in their portfolio. The total revenue for the calendar year 2009 was $229 million vs $240 million for the year 2008 and $255 million for 2007. Collectively the Boyd Downtown Division is the currently the largest operation inside the downtown region.

Future prospects[edit]

The Lou Ruvo Brain Institute is currently finished construction.^[14] The Smith Center for the Performing Arts was completed in 2012.

At the site of the former Holy Cow casino and brewery which closed in May 2002 (across the street from the Stratosphere and The SLS), a developer received preliminary approval to build a 98-foot (30 m)-tall video screen and a new casino. Aspen Highlands Holdings hope that the eye-catching attraction at the entrance to the city of Las Vegas will attract gamblers to the casino without an attached hotel.^[15]

Profitability has the potential to increase after March 28, 2010 when the ACE bus rapid transit project comes on line. The ACE rapid transit system will have the appearance and feel of a light rail transit network. Traffic lights will be controlled by a system similar to the one that emergency vehicles use. This modern transit system made travel from Fremont Street to the Convention Center virtually the same as the Las Vegas Monorail transit time from in front of the MGM Grand.

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.^[16]

References[edit]

1. ^'Gaming Revenue Report'. Nevada Gaming Control Board. September 30, 2012. Retrieved November 20, 2012.
2. ^'Downtown Gaming'. Official City of Las Vegas website. Archived from the original on November 21, 2008. Retrieved December 1, 2008.
3. ^'How City count Can Save Our Money'.
4. ^'Gaming Enterprise Districts and Locations Approved for Non-Restricted Gaming'(PDF). Archived from the original(PDF) on January 24, 2009.
5. ^'For Press & Research > Statistics & Facts'. LVCVA. Retrieved December 1, 2008.
6. ^'Year to Date Tables 2008'(PDF). LVCVA. Retrieved December 11, 2008.
7. ^Frank Martin (August 12, 2009). 'Monthly Gaming Revenue through June 2009'. Wikimedia Commons.
8. ^'Nevada Gaming Commission List of Publications'. NGC. Archived from the original on May 21, 2009. Retrieved December 11, 2008.
9. ^'Gaming Revenue Report Month Ended: December 31, 2008 (non-restricted)'(PDF). Nevada Gaming Commission. Archived from the original(PDF) on June 2, 2009. Retrieved December 11, 2008.
10. ^Tom Breitling. 'Double or Nothing Video'. Retrieved December 11, 2008.
11. ^Tom Breitling. 'Double or Nothing'. Retrieved December 11, 2008.
12. ^Arnold Knightly (April 24, 2007). 'Corporate raider expects gain of $1 billion'. Las Vegas Review-Journal.
13. ^'Boyd News Release'. Boyd Gaming. February 12, 2009. Archived from the original on February 13, 2009.
14. ^'World Jewelry Center'. WJC. Archived from the original on December 26, 2008. Retrieved December 24, 2008.
15. ^'BUSY INTERSECTION: Big sign planned for casino'.
16. ^Benjamin Spillman (December 1, 2008). 'Downtown may lose a casino or two, analyst says'. Las Vegas Review-Journal.

The blackjack in downtown Las Vegas tends to be better than on the Strip for low limit players. The percentage of 6-5 tables is much lower, with several houses offering no such game at all. High limit players may want to play elsewhere as there are no stand on all 17 tables located anywhere near Fremont Street.

4 Queens

4 Queens does not offer much in the way of quality blackjack. There are only three tables that pay 3-2. Its best traditional game is a double deck with a $15 minimum. Double down before the split is allowed, but not afterward. There are two 3-2 carnival games. One has a house edge of over 4%. Blackjack Switch is spread with a $5 minimum bet.

Binion’s

Binion’s has the worst blackjack in all of downtown Las Vegas. The only 3-2 game on the floor is Zombie Blackjack, which has a rule that the dealer pushes on all 22s.

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California

California has two 3-2 blackjack games. The minimum is $5. Both have the same rules. Players may double down before but not after splitting. One is a double deck. The other is a six-deck.

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Downtown Grand

All blackjack at Downtown Grand pays 3-2. The $10 six-deck has double down before and after splitting, as well as surrender and re-split aces. The $5 version of this uses a continuous shuffle machine. There is also a $15 double deck with double down on any two and after splitting. The max bet in the double deck game is only $100.

El Cortez

El Cortez offers the best blackjack game downtown. It is a $5 single deck that permits double down on any two cards. There’s also a $5 double deck that adds double down after splitting.

Fremont

Fremont offers the typical downtown Boyd rules for its $5 double and six-deck games. Players may double down before but not after splitting.

Golden Gate

Golden Gate prides itself on paying 3-2 at all blackjack tables. The main floor has $5 six-deck games that allow double down before and after splitting. High limit offers a double deck with these same rules for $15 or $25, depending on the time of day. Call of the colosseum. There’s also $10 Free Bet Blackjack.

Golden Nugget

Golden Nugget has the largest high limit salon in Las Vegas. Players will find $50 double and six-deck blackjack games in there that include double down before and after splitting. The six-deck adds surrender and re-split aces. The main floor has a $15 double deck that doesn’t allow double down after splitting. There’s also a six-deck that doesn’t permit re-split aces. All of these games mentioned pay 3-2 on a blackjack.

Main Street Station

Best Casinos On Fremont Street

The pit at Main Street Station is full of $5 3-2 double deck games. Players may double down before but not after splitting.

Plaza

Plaza has three 3-2 blackjack games. The minimum for the shoe games is typically $5 or $10. The double deck is $25. Both games permit double down before and after splitting. Plaza is one of only four Las Vegas casinos that spreads 3-2 Free Bet Blackjack.

The D

The D has several 3-2 blackjack games. There’s double deck that can have a minimum as low as $15 where players can double down before and after splitting. Peak hours will see a higher double deck blackjack minimum bet. The $10 six-deck games have these same rules. The D also spreads $10 Free Bet Blackjack with a 3-2 payout. The D is one of the last Las Vegas casinos with 3-2 video blackjack. That has a $5 minimum bet.

Fremont St Casinos

Downtown Las Vegas Blackjack Survey Log

The blackjack tables are constantly being updated at all Las Vegas Casinos. Whether they remove a game, add one or change the rules, these are all things that affect the house edge. That is why every year we update our survey. Below you will find the PDF for the previous years so you can compare the changes over time.

Complete Downtown Las Vegas Blackjack Survey