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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.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
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