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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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