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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 :

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

The Railbird Launched By Americas Card Room #acra - Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.

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