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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 :
ACR $15 Million OSS Cub3d -
Americas CardRoom immensely popular OSS Cub3d returns February 25th and it's bigger than ever. U.S. Online Poker players will have a chance to compete for $15 Million in guaranteed prize pools.
AIGF and Betradar formalised their relationship -
At this yearís ICE Total Gaming, the All India Gaming Federation (AIGF) and Betradar formalised their relationship, committing to understand, explore opportunities and network across India around sports betting and gaming.
EHF and Sportradar Extend Partnership -
The EHF is responsible for a wide range of activities including the promotion and development of the sport, education programmes, player transfers and the organisation of high-profile sports competitions and events including the EHF EURO and the EHF Champions League.
Swisslos and Betradar in Deal -
Swisslos offers lotteries, sport bets and instant tickets in the entire territory of German-speaking Switzerland, in Ticino and in the Principality of Liechtenstein. It structures its range of games in an attractive and responsible manner. Swisslos transfers it entire net profit to the mandating cantons and the Principality of Liechtenstein to support public causes.
Americas Cardroom offering mouth-watering value -
It's not every day that an industry-leading poker site offers its customers an opportunity to put the house's money directly into their own pockets, but that's exactly whatís happening at Americas Cardroom.
Coolbet Joins Mpn -
Coolbet, owned by the Estonian company StayCool OU, is a sportsbook driven brand with its own developed platform and sports software. In addition to sports, it offers casino and live casino gaming, and as of this week, poker.
RMG AND SIS EXTEND PARTNERSHIP -
RMG manages the rights of many of the leading British racecourses, while SIS holds the horseracing rights to all Irish racecourses, plus Chelmsford City Racecourse in the UK.
Novomatic and Betradar in Deal -
With ICE just a few days away, NOVOMATIC has announced a partnership with leading sports betting solutions provider Sportradar to develop an innovative line of sports betting products and services.
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