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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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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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