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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.
Gambling News :
$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 -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
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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