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September 2011, Las Vegas Revenues Decline
Thursday, November 10, 2011 : SEPTEMBER NOT A GOOD MONTH FOR LAS VEGAS
Visitors are up, but gambling revenues again decline
The latest numbers from the Nevada Gaming Control Board were released late Wednesday, showing that land casinos statewide won $864 million from gamblers, $53.8 million less than they won in September 2010. And casinos last month paid $51.4 million in taxes, down 8.9 percent, based on winnings collected the previous month.
Part of the problem is that the high rollers gambled far less money in September on baccarat, contributing to a statewide 5.9 slip in casino win compared to September last year.
Baccarat players wagered $647.4 million in September, down a substantial $344 million or 34.7 percent on the same period last year. Of that, casinos won $81.9 million, a decline of $46.4 million or 36.2 percent, a gaming board analyst revealed, adding that if one excluded baccarat results, the statewide decline was around a mere 1 percent, perhaps heralding an uptick in business following the exceptionally tough economic recession that has been hammering revenues.
The latest report indicates that gamblers wagered $11.5 billion on slot machines and table games, with the $9 billion pumped into slot machines up $172.7 million, or 2 percent, from September 2010. Bets on table games, including baccarat, was $2.5 billion, down $115 million or 4.4 percent.
Gambling revenue on the Las Vegas Strip fell 5.7 percent to $490.9 million. Strip resorts traditionally generate about half of total statewide casino revenues.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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