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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).
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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