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Nevada Gambling Revenues Up 11.2 Percent August 2013
Tuesday October 1,2013 : NEVADA GAMBLING REVENUES SOAR 11.2 PERCENT IN AUGUST
Baccarat the hero as gambling win tops $955.3 million.
Casino owners and politicians in Nevada alike will be pleased with the 11.2 percent y-o-y rise in August casino revenues reported Monday by state regulators.
Casinos state-wide won $955.3 million from gamblers in August, an increase of $96 million compared with the same month a year ago.
Baccarat high rollers made a substantial contribution to the boost, wagering over a billion dollars to deliver $193.6 million in revenue, up 55.6 percent or $69.2 million. It was the fourth-largest monthly baccarat win in state history, Mike Lawton, senior analyst with the Nevada Gaming Control Board, told the Associated Press news agency.
Though the total volume of betting action was down $13.1 million, the house win percentage was 18.5 percent, up from 11.9 percent in August 2012.
"It was the highest baccarat hold percentage since June 1999," Lawton said. "The house ran extremely hot. It's pretty much an anomaly, what that hold percentage was."
Excluding baccarat, casino winnings state-wide would still have registered a 3.7 percent gain, or $26.8 million.
"The month was really carried by baccarat but other games had a strong month, too," Lawton said.
Big resorts on the Las Vegas Strip won $816.7 million, a 12.3 percent increase over August 2012. Clark County as a whole saw gambling revenues spike nearly 20 percent.
In Washoe County, casinos won $73.8 million, up 8.4 percent and the largest rise recorded since 2009 in the county, which has seen gambling revenue gains in five of the last six months.
Revenue won by casinos in Reno were up 9.7 percent, Lawson reported.
Overall, gamblers wagered $11.3 billion on card and table games and slots machines. $2.6 billion was bet on card games, of which $1 billion was wagered on baccarat. Game and table win was up $110.7 million, or 35 percent. $8.7 billion went into the slot and video gambling machines - an increase of $21.3 million on the same period last year.
The state of Nevada collected $51.3 million in gambling taxes from the August casino revenues - a 3.5 percent increase from the same month last year.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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