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May NEVADA GAMBLING REVENUES UP 16.2 PERCENT

Tuesday July 12, 2011 :  May numbers cause for relief after a long and difficult period
 
Official figures for May 2011 released this week show that Nevada gaming revenues soared by 16.2 percent overall, driven mainly by baccarat and slot performances, reports Barron's business news.
 
Vegas Strip revenue rose 28.9 percent compared with a 2.2 percent drop on the Strip in April, and a 13 percent gain in March this year. Excluding baccarat, Strip revenue was still up 13.2 percent in May (baccarat was up 130 percent), whilst slot revenues rose 11.4 percent year over year.
 
The total number of Vegas visitors rose 3.3 percent year over year in May, versus increases of 4.8 percent and 5 percent in April and March.
 
Analysts, however, opined that the results will need to be repeated in the next few months to fully believe in a Las Vegas recovery worth celebrating.
 
“We believe a more telling indicator of a true recovery or lack thereof will be from summer results, as it is a time period heavily driven by the leisure consumer (with few holidays and conventions),” Sterne Agee analyst David Bain asserted. “Without a decent rebound in leisure activity and spend during consumer periods, we continue to believe that domestic recovery predictions are somewhat ahead of themselves.”
 
Associated Press quoted Nevada Gaming Control Board numbers, indicating that the state made large gains, with total gambling win of $984 million, an increase of nearly 16.2 percent compared with the same month a year ago.
 
"This is the largest total win since September 2008 and the largest percent increase since December 2006," said Mike Lawton, senior analyst with the Gaming Control Board.
 
For the 11 months of the fiscal year, total win is up nearly 2 percent statewide and 5.2 percent on the Las Vegas Strip, he revealed.
 
Taxes collected in June on the May winnings totaled $68.3 million, up 17.6 percent.
 
Resorts on the Strip - Nevada's gambling mecca that accounts for half of statewide casino revenues — posted a 29 percent increase in winnings for the month, up $130.2 million to $580.5 million. For the Strip, that's the largest win amount since January 2008, Lawton said.
 
Gamblers wagered $12.2 billion, $1.2 billion from hi-roller baccarat players. The $2.9 billion gambled on games was up $474.2 million, while $9.29 billion was pumped into slot machines.
 
While unemployment numbers improved in May to 12.1 percent — down from a record 14.9 percent in December — the state's joblessness is still well above the 9.1 percent national rate.
 
"In our opinion, the fall in statewide unemployment is a false positive and has been a result of outmigration and a declining work force rather than economic improvement," one analyst noted.



Gambling News :

NHL Odds: Lightning go for Season Sweep Over Red Wings - The Tampa Bay Lightning (37-29-9) have been doing everything possible to make a fourth straight appearance in the Stanley Cup Playoffs. Without star centre Steven Stamkos, Nikita Kucherov (38 goals, 40 assists) and Victor Hedman (15 goals, 47 assists) have stepped up and will look to continue their strong play against the Wings. Game time is 7:30 PM ET on FS-D.

MPN Charity Poker Tournament at ICE 2017 - During what was a busy three-days for Microgaming at ICE Totally Gaming 2017, the MPN team enjoyed a charity poker tournament with Microgaming operators on Tuesday 7 February.

US$30M DUBAI WORLD CUP - Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

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