{"id":240306,"date":"2022-10-31T17:02:42","date_gmt":"2022-10-31T22:02:42","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=240306"},"modified":"2022-10-31T18:37:41","modified_gmt":"2022-10-31T23:37:41","slug":"las-vegas-airport-slot-machines-hit-1b-milestone","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/las-vegas-airport-slot-machines-hit-1b-milestone\/","title":{"rendered":"Las Vegas Airport Slot Machines Hit $1B Milestone"},"content":{"rendered":"

The slot machines at Harry Reid International Airport have hit a different kind of jackpot. Over the 36 years that they\u2019ve been dinging in Las Vegas\u2019 terminals, the machines from Michael Gaughan\u2019s Airport Slot Concession, Inc. have generated $1 billion in revenue. The milestone was announced by the company on Monday.<\/p>\n

\"Harry
Slot machines await players at Harry Reid International. The funds they generate help lower the cost of Las Vegas plane tickets. (Image: cntraveler.com)<\/figcaption><\/figure>\n

In recent years, the company’s Las Vegas airport slot machines have generated approximately $39.8M in annual gross revenue. That translates to an average of $34.4M in net revenue for the airport, which collects 86.5% of the net revenue from the slots. The funds generated by slots and other airport concessions, help keep airport operating costs \u2013 and, in turn, plane ticket prices \u2013 down.<\/p>\n

\u201cWe 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,\u201d said Patricia Ross, general manager of Michael Gaughan\u2019s Airport Slot Concession, Inc.<\/p>\n

The company, which has 245 employees, operates 1,430 slot machines in the airport\u2019s terminals.<\/p>\n

\u201cNon-aviation revenue is beneficial in that it helps to lessen our costs for air carriers. As a discretionary travel market, we\u2019re very diligent in keeping our costs to the airlines both stable and as low as we can reasonably maintain,\u201d added Scott Kichline, Harry Reid International Airport\u2019s assistant director for business commercial\/development. \u201cFinancial considerations aside, Las Vegas is known for casinos. Having slots in the airport is an amenity travelers 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.\u201d<\/p>\n

It is widely believed that airport slot machines are less likely to pay off big than slots at Las Vegas casinos. However, there is never a shortage of players among the 40 million passengers that pass through Reid annually.<\/p>\n

Chicago Bullish on Slots<\/h2>\n

So-called one-armed bandits were first installed at the Las Vegas airport, then called McCarran, in 1968. Since then, the only airport in the US to also install slot machines is Reno-Tahoe International Airport \u2013 which waited until 1993. However, Chicago is likely be the next city to install them.<\/p>\n

The Illinois Legislature cleared the way for slots at O\u2019Hare and Midway international airports in 2020. And last year, when the Windy City announced that it wanted a single, iconic casino resort built within its city limits, it also announced that the winning bidder would get the concession to install 4,000 slots at the two airports.<\/p>\n","protected":false},"excerpt":{"rendered":"

The slot machines at Harry Reid International Airport have hit a different kind of jackpot. Over the 36 years that they\u2019ve been dinging in Las Vegas\u2019 terminals, the machines from Michael Gaughan\u2019s Airport Slot Concession, Inc. have generated $1 billion in revenue. The milestone was announced by the company on Monday. In recent years, the […]<\/p>\n","protected":false},"author":78,"featured_media":240309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81886,69293],"tags":[82269,13628,82057,82267,23,82111,81890],"acf":[],"yoast_head":"\nLas Vegas Airport Slot Machines Hit $1B Milestone - Casino.org<\/title>\n<meta name=\"description\" content=\"The slot machines at Harry Reid International Airport have hit a different kind of jackpot. 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