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March Las Vegas Revenues Fall

5/15/10 - The optimism generated by February 2010’s double digit growth in Nevada gambling revenues  waned this week as the March numbers were released by the Nevada Gaming Control Board.
 
The report showed a decline in gambling revenues across the board, albeit by less than 1 percent, with Strip properties up 2.4 percent at $467.1 million, generated principally by high roller action. Without that action, state gaming revenues would have declined almost 3 percent, Board official and spokesman Frank Streshley said.
 
In the first quarter of 2010, revenues are up 3 percent statewide and 9.8 percent on the Strip, the official revealed, saying: "It's a good start. We're still off back to where we were a few years ago, but the year has started off nicely."
 
Streshley, referred to general economics in the land industry when he commented: "People keep using the term 'at the bottom.' I think we're going to be bouncing along the bottom for quite awhile.
 
"We don't see any reasons for major declines or major increases compared to last year's figures."
 
Nevada casinos reported a decline of 0.66 percent to $912.2 million during March (March 2009: $918.2 million).
 
Clark County gaming revenues declined 0.89 percent in March, whilst Laughlin reported a 2.47 percent increase in March gaming revenues, expunging 27 consecutive months of falling revenues. North Las Vegas casinos saw an 11.75 percent gaming revenue decrease.
 
Sports wagering in the gambling state showed a bog improvement as sports books reported a record $264.1 million in basketball wagers, generating a $19.9 million win for casinos.
 
Nevada’s tax coffers saw a 6.85 percent boost to tax income during March, up at $79.9 million during the month (March 2009: $74.8 million).



Gambling News :

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.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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