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Las Vegas April another poor month for gambling
With the latest disappointing land casino results in from Nevada, it's likely that operators in the gambling state will be hoping for a boost to revenues following this (June) month's World Series of Poker currently running in Las Vegas.
The latest statistics show that statewide revenues endured a seventh straight month of double-digit declines, with April recording the sixteenth consecutive month that gaming revenues headed downhill compared to the previous year.
Statewide, gaming revenues reached $859.4 million during the month, compared with $1 billion in April 2008.
So far, for the first four months of 2009, casino revenues statewide are down 14.6 percent.
"We were disappointed with the number because we were comparing with a 5 percent decline a year ago," said Frank Streshley, chief of the Gaming Control Board's tax and license division, reporting the April figures on Friday.
On the Strip, gaming revenues were $441.3 million in April, a decline of 15.8 percent. Revenues are down on the Strip 16.6 percent for the (2009) year to date.
Customers gambled $2.2 billion in April on table games, which was an increase of less than 1 percent from a year ago. However, casino revenues from table games was $251.6 million, a decline of 20.5 percent. The hold percentage for tables games was 11.45 percent compared with 14.47 percent a year ago. Streshley estimated that if casinos held the same percent they did a year ago, gaming revenues would have been $66 million higher.
"Luck definitely played a factor and had a huge impact on gaming revenues," the official said.
Revenues from slot machines were $596.2 million, a decline of 11.2 percent. Gamblers wagered $9.7 billion on slot machines in April, a decrease of 7.9 percent from a year ago, while the hold percentage on slot machines was 6.17 percent, compared with 6.4 percent in April 2008.
Gaming taxes based on the April casino revenues fell 5.9 percent to $51.8 million, and gaming tax collections in the fiscal year are down 14.6 percent.
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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