Michael Gaughan’s Airport Slot Concession Inc. Hits Milestone of One Billion Dollars Generated for Harry Reid International Airport
Michael Gaughan’s Airport Slot Concession, Inc. has been operating for 36 years at Harry Reid International Airport. This year the company celebrated a milestone, having generated one billion dollars in 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.
“Non-aviation revenue is beneficial in that it helps to lessen our costs for air carriers. 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,” said Scott Kichline, Harry Reid International Airport’s Assistant Director for Business Commercial/Development. “Financial 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.”
In the United States, Harry Reid International Airport and Reno-Tahoe International Airport are the only two airports with slot machines.
