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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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