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Nevada October 2014 Gambling Numbers
Thursday November 27,2014 : NEVADA GAMBLING DECLINED AGAIN IN OCTOBER
Numbers down for the third month running.
October 2014 numbers released by the Nevada Gaming Control Board Wednesday show a continuing decline compared with last year - the third consecutive month of slipping revenues.
Casino hold at $914 million was 4.3 percent short from the same time a year ago, prompting NGCB senior research analyst Mike Lawton to comment that revenues have been "flat to down" for some time. Over the ten molnths since the beginning of the year gambling in Nevada has been down a little less than one percent compared with the first 10 months in 2013, he said.
In October, gambling revenues of $787 million on the key Las Vegas Strip were down 6 percent year-over-year. One of the biggest contributors, baccarat, accounted for 16 percent of all gambling revenue last October in the state, but only 11 percent this year and was cited as the biggest cause of the downward slide, with amounts wagered falling 15 percent and win down two points to 10.2 percent on revenue of $97.3 million.
Baccarat has suffered, analysts suggest, due to a more cautious Chinese demographic concerned by the severe crackdown on corruption currently ongoing in China.
The decline was not limited to land gambling; the state's three online poker sites earned $665,000 in October, down 47 percent compared with a year ago. One of the three, Ultimate Gaming's Ultimate Poker, shut down this month , leaving Nevada with two sites: Real Gaming and the World Series of Poker.
It was not all depressing news, however; sports betting - mainly on football - reached a record level in October at $380 million, although casino hold on those bets fell.
Nevada collected $67 million in taxes based on the October winnings, up 9 percent compared with the same time last year.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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