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Nevada Gambling Revenue down 2% in April 2016

Monday May 30,2016 : NEVADA GAMBLING REVENUES SINK 2 PERCENT IN APRIL
 
The Strip revenues decline 2 percent year-on-year to $491 million.
 
Official numbers released by the Nevada regulator show that revenues in the Silver State continued to decline in April, and were down an overall 2 percent year-on-year at $876 million
 
Las Vegas Strip gambling revenue was down almost 2 percent to $491 million, and downtown Las Vegas winnings were down 13 percent to $43 million.
 
The drop came even though it was an eventful month in Las Vegas that included the debut of the T-Mobile Arena, Rihanna and Bill Joel concerts and a fight featuring Manny Pacquiao.
 
Analysts at the Nevada Gaming Control Board explained that the year-over-year drop was in part because April 2015 was a strong comparison point, and in part because an estimated $30 million in slot revenue from April will actually only be counted in May.... April ended on a Saturday, and casinos do not include slot revenue on the weekends to avoid disturbing activity on the casino floor during a busy time.
 
Slot machine revenue was down about 5 percent in April 2016 last month.
 
Total amounts wagered went up about 4 percent to $9.1 billion in April, but casinos retained just 6.2 percent of that amount - lower than the same period last year. Baccarat revenue, a major contributor from high stakes players, was thankfully up 4 percent earning 10 percent more for the operators at $105 million.
 
The state coffers benefitted in April to the tune of $44 million from gambling taxes....down 18 percent compared to the same period last year.



Gambling News :

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

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