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Las Vegas Numbers Decline Again in June

Another decline reported for June
 
Nevada’s state Gaming Control Board has reported on gambling revenues in the state over the month of June 2010, showcasing another depressing decline in revenues of 6.6 percent.
 
The latest numbers push the overall decrease for this fiscal year so far to 4.3 percent, marking three consecutive years of revenues headed southwards – a new and unwanted record for the state.
 
Tax collections in June totaled almost $43 million, down 5.9 percent compared with the same period in 2009.
 
The Associated Press news agency points out that casino revenues make up about one-third of state general fund and are a key indicator of the gambling state’s recession-battered economy. It notes that Nevada has the highest rate of foreclosures and bankruptcies in the USA, along with the highest unemployment rate in the nation, hitting a record 14.2 percent in June.
 
The Gaming Board reports that for the July 2009 to June 2010 fiscal year, casinos revenues were $10.3 billion - down from almost $10.8 billion the previous year.
 
Casinos statewide won almost $764 million in June, down $54.4 million from the same month a year ago, when monthly winnings plunged nearly 14 percent from 2008.
 
"This amount represents the lowest win reported by the state since April 2003," Michael Lawton, a senior research analyst with the control board, told AP.
 
Compared with June 2007, when revenues peaked just before recession, casino revenues are down 20.4 percent, he said.
 
The latest numbers show table game winnings of $196.3 million - down 16.3 percent, while the slot wins of $552 million showed a decline of 2.7 percent.  Baccarat players tended to beat the house in June, wagering 42.2 percent more at $521.8 million, but hammering the casinos down to a win of only $18.5 million – a decline of 61.2 percent.

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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