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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.
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Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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