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Las Vegas 8.1 percent year-on-year improvement

More good news as official figures show an 8.1 percent year-on-year improvement
Nevada casinos won $961 million in October, posting an 8.1 percent year-on-year increase thanks to heavy action by the high rollers at baccarat tables, the Nevada Gaming Control Board reported Friday.
Winnings on the Las Vegas Strip were up 13.3 percent in October after bringing in nearly $561 million that month. The percentage gain comes against a tough comparison with the same month last year, when Strip resorts saw winnings increase 16.1 percent, the Associated Press news agency reported.
Mike Lawton, a senior control board analyst noted that the Strip casinos' win "represents the first double-digit increase for the Strip versus a double digit comparison since July 2007."
Nevada collected $65.4 million in taxes based on October statewide casino winnings, an 8.6 percent increase compared with last year, the Board's numbers reveal.
Gamblers wagered $842.4 million on baccarat, up $337.2 million, or 66.7 percent, posting a record amount for the month, Lawton said. The $158.2 million won by casinos on the game was also a record for October and represents a 73.3 percent increase over the same month a year ago.
The "casino win" is what was left in casino coffers after gamblers wagered $12 billion on slot machines, card and table games and sports betting. The $9.3 billion pumped into slot machines and video poker games was down $2.9 million from October 2010, AP reported.
Gamblers spent $2.7 billion on table games, an increase of $299.2 million or 12.2 percent.
But it was baccarat that saved the day: excluding those numbers, table game volume was down 2 percent, or $38 million, Lawton said, and the total statewide win would have posted a fractional gain of 0.7 percent.
For the last fiscal year that ended June 30, baccarat accounted for 20 percent of total winnings on the Strip, he added, pointing out that the game was becoming increasingly dominant.
In related news, Atlantic City numbers in November continued to cause concern, with combined casino revenue falling 6.3 percent from a year ago.
The New Jersey state gambling city's 11 gambling halls took in $245.1 million, according to figures released Friday by the state Division of Gaming Enforcement.
Slot machine revenue fell 4.9 percent, to $173.2 million, while table game revenue decreased by 9.6 percent, to $71.9 million. Only four of the 11 casinos reported a monthly revenue increase.
Trump Plaza Hotel and Casino was the biggest loser, down nearly 32 percent from a year ago. It took in $8.6 million last month
For the first 11 months of the year, the casinos won $3.1 billion. That's down 7.7 percent from the same period in 2010.

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Gambling News :

Phil Ivey Loses Borgata Casino - Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.

NYX Gaming in deal with Endemol - "Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”

NEW CAMBODIAN GAMBLING LAWS - After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.

Congress To Review US SportsBetting Restrictions - Did the American Gaming Association’s campaign influence the decision to take another look at the 1992 Professional and Amateur Sports Protection Act?

Playtech Acquires ECM Systems - Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.

Marks and Spencer store Manager steals to Gamblie Online - The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.

Chinese Gambling crackdown could damage high roller revenue - Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.

EvenBet Open Face Chinese Poker - Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.

PartyPoker Millions tournament guarantee Now GBP 6 million - Online poker operator PartyPoker announced Thursday that it is to boost its PartyPoker Millions tournament guarantee by a million sterling to GBP 6 million, claiming it is now the biggest prize pool guarantee in European poker history.

2016 EPT Malta - The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.

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