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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.



Gambling News :

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.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

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