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Vegas April Earnings Down Again
Friday June 10,2011 : VEGAS REVENUES STILL TROUBLE
April numbers still down on previous year
The Nevada Gaming Control Board said Thursday that statewide gambling revenues were $806 million in April, compared with $810 million in April 2010 -- a drop of less than 1 percent.
$42.6 million in taxes were levied on the revenues, $2.9 million more that the amount collected during the same month last year and an increase of 7.3 percent, reports Associated Press.
Industry observers said the taxes were up despite revenue being down because of credit play and collections from prior months. When players lose money gambling on casino credit, casinos tally the monthly revenue but it isn't taxed until the winnings are actually collected.
AP reports that following a double-digit jump in March this year, Las Vegas Strip casino winnings were down 2.2 percent to $427.5 million. Revenue from casinos on the Strip made up just over half the statewide revenues in April.
However, one analyst noted that the Strip's revenue would have been up 1.4 percent had its revenues for the last weekend of April been counted with the rest of the month, and slot machines kept an average win percentage.
Casinos in Lake Tahoe and Elko County reported the largest percentage jumps compared with the prior year.
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Super Multitimes Progressive HD Slot -
This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.
2017 Aussie Milliona Updates Events 2,3,4 -
Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.
Juventus name VWin as Partner -
“We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.
Luckia Group 2016 Results -
The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.
Fire Rooster Slot Launches -
This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.
n2-Live Updates -
The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”
Betfred FY 2016 -
Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.
Cherry CEO Fredrik Burvall Steps down -
Anders Holmgren, currently a board member of Cherry AB and one of the founders of Betsson where he also held the role of chief executive officer of Betsson Malta
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