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Las Vegas Visitors up Spending Down
6/10/10 - The tourism agency in charge of promoting Las Vegas says the entertainment and gambling mecca saw a small increase in visitors in April compared with the same month last year.
But the Las Vegas Convention and Visitors Authority said Wednesday that the nearly 3.2 million visitors spent less money gambling.
Gambling revenue in Clark County was down 6.1 percent to nearly $690 million. The Las Vegas Strip saw a decrease in gambling revenue of less than 1 percent, to $437 million.
The agency says that average nightly room rates were up 3 percent despite the addition of 8,000 hotel rooms from last year. Convention attendance was also up 2.9 percent.
Officials say 12.2 million visitors have come to southern Nevada so far this year, up 1.3 percent compared with last year.
Meanwhile, the state Gaming Control Board has released more up to date figures, saying that tax collections based on winnings were $39.7 million in May, a 23.4 percent decrease compared with the taxes paid in May 2009.
The steepest decreases came on the Boulder Strip, and in South and North Lake Tahoe. On the Boulder Strip, casino winnings dropped nearly 13 percent to $56.8 million. The area produced 7 percent of statewide gambling revenue, compared with 8.8 percent in April 2009.
Gambling revenue on the Las Vegas Strip dropped less than 1 percent to $437.3 million. But the Strip slightly increased its share of overall statewide gambling revenue during the month, taking in 54 percent of Nevada's total compared with 51.3 percent in April last year.
Only three areas — Carson Valley, Mesquite and Wendover in Elko County — showed any increase. The three areas made up a combined 4.1 percent of the state's gambling revenues.
Gambling regulators said casino winnings dropped 4 percent during the first 10 months of the fiscal year, which ends this month. Casinos statewide have won $8.7 billion from July through April, compared with $9.08 billion during the first 10 months of the prior fiscal year.
Over that time, casino winnings on the Strip increased just over 0.5 percent, to $4.79 billion.
State officials said the taxes collected on gambling revenues in the first 11 months of the fiscal year were $572.7 million, down 5.3 percent from the $604.6 million through the first 11 months of fiscal 2009.
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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