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2014 Casino Revenues Drop in Nevada
Saturday January 31,2015 : 2014 NOT THE BEST YEAR FOR NEVADA GAMBLING
Revenues dip compared with 2013.
Figures released by Nevada state gambling authorities Friday show that the state's gambling industry won just over $11 billion last year from gamblers, a 1.1 percent decline over full year 2013 that heralds the end of four straight years of year-over-year gains.
During 2013 the Nevada casinos recorded a gambling win of $11.14 billion, and operators are hopeful that improving economic conditions will make this year's decline a temporary blip.
Revenues on the Las Vegas Strip fell 2.1 percent to $6.37 billion in 2014, in contrast to Downtown Vegas where they rose 2.1 percent to $511.4 million.
Sports betting delivered good results during 2014, generating record revenues of $227 million, up 12 percent on the preceding year on handle of $3.9 billion.
Releasing the December 2014 numbers, Nevada gaming officials reported that revenues across the state fell 8 percent to $950.7 million, with the key Las Vegas Strip operations suffering a 16.4 percent dive - its fifth consecutive negative month - at $555.2 million.
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Gambling News :
Pokerstars Bahamas Main and High Roller Results -
The inaugural PokerStars Championship Bahamas saw two big winners crowned this weekend when Christian Harder won the main event for $429,664 and Luc Greenwood took home $779,268 after taking down the $25,750 High Roller event.
High Hopes For Pennsylvania Online Gambling -
Pennsylvania state politicians have wasted no time in getting back to work in the new legislative season, and there is renewed hope for a gambling expansion bill that includes online gambling and daily fantasy sports.
NJ Warns No Federal Online Gambling Ban -
New Jersey Senator and gubernatorial candidate Raymond Lesniak warned that any attempt to overturn a 2011 Department of Justice opinion that the federal Wire Act exclusively governs sports betting would be met with a hard-nosed reaction from his state.
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