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May 2013 Nevada Revenues Increase

Friday July 12,2013 : SLIGHT IMPROVEMENT IN NEVADA MAY REVENUES
 
Improved win rate on baccarat drives a 1,37 percent rise in revenue
 
Statistics released Thursday by the Nevada Gaming Control Board show that land casino gaming revenue in the state rose 1.37 percent in May to $897.2 million, driven by an improved 11 percent win rate on baccarat compared with the 8 percent experienced in the same month in 2012.
 
Overall table game win rose 7.2 percent to $293.6 million, despite the fact that total table game handle fell 7 percent.
 
Slots win hit 6.43 percent, adding $581.4 million to Nevada’s May numbers.
 
The Board reports that overall results were better on the Las Vegas Strip, with revenue up 6.8 percent, and note that over the year so far statewide gaming revenue is up 2.4 percent to $10.1 billion.
 
Casino winnings in Reno jumped 9.8 percent.
 
Baccarat revenue topped all table games, up over 25 percent to $93.1 million; blackjack rose 15 percent to $83.2 million; craps was up almost 17 percent to $33.4 million, and roulette was slightly lower at $32 million.
 
On the poker front, three-card poker delivered revenues of $13,2 million - up about 6 percent; Pai gow poker went over 6 percent negative to $8.9 million; mini-baccarat soared 25 percent to $8.2 million; keno went negative by almost 3 percent to $2.7 million; bingo came in at $1.5 million from a low base; and ‘other games’ revenues were up 3 percent at $13 million.
 
Poker revenues declined 1 percent to $10.4 million, an interesting development coinciding with Ultimate Poker's debut in late April as Nevada's first legal and licensed online poker venue.
 
Sportsbook revenues slipped drastically by over 40 percent to $5.7 million with an almost 3 percent hold, but racing showed a 3.5 percent rise in revenues to $5.7 million, with hold up a creditable 15.3 percent. Football betting was dismal, basketball wagering plunged over 56 percent to a miniscule $1.7 million, and baseball delivered $4.2 million - a significant 22.3 percent decline compoared with May 2012.
 
State taxes collected on the May win totaled $57.5 million, an increase of 10.9 percent.

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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