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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).
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US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
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The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
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NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
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Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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