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August 2015 Revenues Down In Nevada and Las Vegas
Thursday October 01,2015 : AUGUST GAMBLING REVENUES DOWN SLIGHTLY IN NEVADA
Fall-off in baccarat pulls results down.
Releasing statistics for August 2015 on Wednesday, the Nevada Gaming Control Board said that the state’s casinos kept $908 million of the money gamblers wagered, down 1.4 percent from the comparative period last year.
The returns were pulled down by an ongoing slide in baccarat play linked to a wavering economy and corruption clampdown in China, the regulator revealed.
Las Vegas Strip casino revenue fell nearly 5 percent to $527 million, while downtown Las Vegas brought in $40 million for a 15 percent gain. Reno casino revenue fell 4 percent to $51 million, and South Lake Tahoe revenue tumbled 34 percent to $19 million.
The state collected almost $52 million in tax money based off the winnings, a 2 percent increase from the same time last year.
Revenue from the “tables and games” sector, which includes bingo, keno and sports betting, totaled $332.6 million and was down 16.4 percent year-over-year. Baccarat led the sinking numbers, falling 25.1 percent to $127 million in a continuing slide that started a year ago.
Without the attrition from baccarat, the table and games results would have been more positive, analysts pointed out. Revenue from table games and other live betting, minus baccarat, was up 4 percent in August compared with last year.
Slot machines action remained a high point in the monthly stats; Nevada casino operators reported $575.7 million in slot revenue in August, up 10 percent from a year ago, as punters put $8.8 billion in slot machines. However, Board analyst Mike Lawton pointed out that slot play has yet to fully rebound to pre-recession levels.
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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