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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.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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