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Nevada Gaming Control Board statistics for the month of May 2010 were released Wednesday, showing disappointing declines in revenue.
Land gaming revenues across the state were $847.2 million in May, compared with nearly $889.2 million in the comparable period in 2009.
Casinos operating on the Las Vegas Strip were hard hit, reporting a 6.4 percent drop to $450.2 million, mostly due to successful baccarat players making inroads into profits.
"Baccarat has been a big positive for Nevada, but not in May," said Frank Streshley, a spokesman for the Gaming Control Board, reporting that gamblers on The Strip bet $734.8 million on the game, an increase over the same period last year of 7.1 percent.
However, the hold on baccarat declined to 8.26 percent from the norm of 13.35 percent, hammering the casinos and leaving them with 37.1 percent less hold than last year..
During May, Nevada land casinos won $565 million from slot machines, down less than 1 percent from a year ago. Punters put $9.3 billion into the slots, down 7.5 percent.
The casinos in the gambling state won $269.9 million on table games, a reduction of 13.9 percent compared to last May, as gamblers wagered $2.5 billion, up 1.3 percent from the same period in 2009.
However, over the five months of this year for which statistics are available, Nevada gaming revenues have declined less than a percentage point overall.
Casino revenues in Clark County fell 4.4 percent, but two revenues on the Boulder Strip were up 5 percent while North Las Vegas casino revenues rose 8.8 percent.
Downtown casino revenues declined to $42.9 million from $43.2 million, a 0.7 percent drop and the lowest decline the market has seen since June 2008.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
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Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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