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Las Vegas Casino Revenue Finally Going Up

1/13/10 - The latest statistics from the Nevada Gaming Control Board have at last shown some signs of the land industry recovering from a tough recession, with winnings up for the first time in a long 23 months.
 
According to an Associated Press report, Nevada casinos' gambling revenue in November 2009 rose for the first time in nearly two years, as casinos won nearly $873.2 million from bettors. The statistics were published by state regulators on Tuesday. 

Aladdins Gold Online Casino - All USA Players WelcomeThe 4 percent rise in revenue from November 2008 was the first year-over-year increase after 22 months of declines, the Nevada Gaming Control Board said in its report.
 
Revenues this fiscal year, from July '09 through November '09, were down 7.9 percent from a year earlier.
 
State revenues collected in December based on the winnings topped $57 million, up 28.3 percent from $44.4 million in December 2008. Taxes paid on casino winnings account for about 30 percent of the state general fund.
 
The control board said the state collected $313.2 million in the first six months of the fiscal year, down 5.1 percent compared with July-December 2008.
 
More than half of the November 2009 revenues came from the Las Vegas Strip, where casinos won $473.8 million, up 8.3 percent compared with November 2008. The Strip is down 5.5 percent for the fiscal year through November, gambling regulators said.
 
Analysts told Associated Press that the improvement came against a relatively easy comparison, as Strip casinos won 15.8 percent less in November 2008 than in November 2007.
 
High-end casinos were helped by greater volumes of baccarat play, said one analyst: "The strong baccarat numbers benefit properties such as Wynn, Venetian, Bellagio, along with to a lesser extent some of the other (MGM Mirage) properties like the MGM Grand and Mirage," he said.
 
November's results also benefited from the November 14 Manny Pacquiao-Miguel Cotto boxing match at the MGM Grand.
 
Revenue at Downtown Las Vegas casinos was down 1.3 percent, while North Las Vegas and the Boulder Strip saw double-digit increases.
 
Clark County, which includes Las Vegas and is Nevada's largest county, was the only county in the state with a year-over-year increase in monthly revenue.
 
In Northern Nevada, revenues in Washoe County were down 4.2 percent, while revenues slid more sharply in South Lake Tahoe, Elko County and Carson Valley.



Gambling News :

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

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.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - 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.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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