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March 2016 Las Vegas Revenues
Thursday April 28,2016 : LAS VEGAS REVENUES DIP IN MARCH
3 percent year-on-year slide recorded.
Nevada regulators reported Thursday that gambling revenue for March 2016 slipped 3 percent year-on-year, with the casinos winning $951 million. The decrease was attributed mainly to lower winnings in the Las Vegas casinos.
The Nevada Gaming Control Board reported that Las Vegas Strip gambling revenue was down 4 percent to $487 million last month, and downtown Las Vegas was also down 4 percent at $51 million.
The state collected almost $73 million in tax revenue - down 8 percent from the same time last year.
Sports betting handle continued the upward trend this year with $460 million bet in March, most of it wagered on basketball. March is traditionally the biggest month for basketball betting, with the men’s NCAA basketball tournament - March Madness - and the NBA regular season winding down. March 2016 figures were $50 million better than last year.
Nevada sportsbooks won just $9.7 million, as they had to pay out about $13 million in old winning football tickets. That’s down significantly from the $18.5 million win for sportsbooks in March 2015.
2016 has been good for Nevada sports betting in terms of handle, with $363 million wagered in February and almost $450 million in January.
For the first three months of the year, there has been around $1.3 billion wagered overall in Nevada - a $183 million improvement over the same period last year.
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Gambling News :
Petition to Ban Online Gaming in Singapore -
Singapore Pools and Singapore Turf Club’s application to operate online betting has triggered the origination of a petition that calls on the Government to deny authorization and stop legalization of online gambling.
Lost Vegas Slot Launches -
“Lost Vegas” is a new release on Microgaming’s October roster, a five-reel 243-payline game that offers punters the option to play in either Survivor or Zombie mode throughout the base game, a choice that affects the symbols and bonus games on offer.
Leap Gaming Partners With Pala Interactive -
Israeli-based developer Leap Gaming has clinched its second deal in a week, this with Pala Interactive for the integration of its virtual sports turnkey product to Pala’s white-label social gaming platform.
Bla Bla Bla Studios -
Under the terms of the deal Bla Bla Bla Studios will develop and distribute exclusive gaming content for integration into the Quickfire platform.
Betser Powered By SBTech -
#Betser is inspired by fantasy football, private betting leagues and social betting. The offer includes a twin-track loyalty scheme devised by Malta-based Hero Gaming, who operate Casino Heroes.
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