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Las Vegas Gambling Revenues Continue To Drop
Las Vegas land casinos reported a 23.4 percent decline in gaming revenues to $427.4 million in February 2009, well down from the $556 million recorded in the corresponding period a year ago.
Statewide, casinos won $830.9 million in February, down 18 percent from the $1.1 billion they won in the same month in 2008.
For the first two months of 2009, casinos on the Las Vegas Strip won $937 million from gamblers, a 19 percent slide from the $1.1 billion they won for the same period a year ago, reports Gaming Today.
Although gambling revenues are still headed southward, the number of visitors to The Strip has remained relatively steady. In February, there were 2.8 million visitors, only 8 percent fewer than the 3.1 million a year ago. And for the year to date, there were 5.6 million visitors to Strip casinos, down just 10 percent from the 6.2 million reported a year ago.
Airlines flying into Vegas report that passenger numbers have declined about 15 percent so far in 2009, whilst automobile traffic to the gambling city from Southern California has increased by 1.2 percent over the same period.
Analysts say factors that might adversely affect visitors’ propensity to gamble include higher trip costs such as transportation, lodging, food and entertainment, as well as the expansion of casino venues throughout the rest of the country.
Also, according to recent visitor profile studies, the number of first-time visitors to Las Vegas has reached an all-time low, which may account for less casino gambling from guests.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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