Slot machine revenue at Las Vegas airport tops $1 billion
The slot machine concessionaire at Las Vegas’ Harry Reid International Airport, formerly know as McCarran Airport, is celebrating generating more than one billion dollars in revenue at the US gateway.
Michael Gaughan’s Airport Slot Concession, Inc. has been operating at the Nevada gateway for 36 years and has generated the revenue over the lifetime of its airport contract.
In recent years, slot machines have generated approximately $39.8 million in gross revenue annually, which translates to an average of $34.4 million in revenue for the airport.
The funds generated by slots and other airport concessions help keep airport operating costs down and, in turn, plane ticket prices low.
“We are happy that the slot machines located inside Harry Reid International Airport not only provide Las Vegas visitors’ the opportunity to spend a few minutes at one of our slot machines while they wait for their flight, but that the revenue generated also helps lower the operating costs for airlines at the airport and those lower rates trickle down to tourists who plan on visiting Las Vegas,” said Patricia Ross, general manager of Michael Gaughan’s Airport Slot Concession, Inc.
The company operates 1,430 slot machines in all the airport’s terminals and has 245 employees.
Harry Reid International Airport’s assistant director for business commercial/development, Scott Kichline, noted: “As a discretionary travel market, we’re very diligent in keeping our costs to the airlines both stable and as low as we can reasonably maintain.
“Financial considerations aside, Las Vegas is known for casinos. Having slots in the airport is an amenity travellers largely enjoy and have come to expect.
“Seeing and hearing slots the moment they arrive sets the tone for an Only Vegas experience, and on their way out, many also enjoy the opportunity to pursue one last jackpot.”
In the United States, Harry Reid International Airport and Reno-Tahoe International Airport are the only two airports with slot machines.