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May 2016 Nevada Gambling Revenue
NEVADA GAMBLING REVENUES SLIGHTLY LOWER IN MAY
But it was a tough comparison month.
Figures released late Thursday by the Nevada Gaming Control Board revealed that Nevada gambling revenue in May 2016 was $958 million - slightly down on the billion dollars of the comparison period last year, when Las Vegas visitation numbers were higher thanks to the Floyd Mayweather and Manny Pacquiao fight, and the Rock in Rio music festival.
"At the end of the day, we were facing a tough comparison," Board analyst Mike Lawton said. "We dont hit $1 billion too many times. Last May was a hugely successful month that was driven by a strong events calendar."
Revenue on the Las Vegas Strip totaled $531 million in May, down nearly 12 percent compared with May 2015. That means winnings so far this year on the Strip are 3.8 percent lower year-on-year, and overall winnings for the state are down 1.1. percent.
Elsewhere in the state, downtown Las Vegas winnings were up 13 percent to $50 million; Boulder Strip winngs totalled $78 million - up 26 percent;and North Las Vegas revenue was up 28 percent to $27 million. Reno fared less well, with casino revenue down 5 percent at $50 million, and Lake Tahoe also experienced a fall-off, dropping 15 percent to $14 million.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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