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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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Alegriabet Finally Launches -
Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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