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Nevada Casino Revenues up 7.6 percent in march 2014
Wednesday April 30,2014 : NEVADA LAND GAMBLING REVENUES REBOUND
Baccarat the saviour after a two month decline.
The Nevada Gaming Control Board released its March numbers for the gambling industry Tuesday, reporting that baccarat action helped the industry to overcome a two consecutive months-long decline to rebound to a 7.6 percent increase in revenues.
Gaming revenue state-wide increased 7.6 percent to $982.2 million during the month, with gaming revenue up 10.9 percent to $560.7 million on The Strip.
The figures followed state-wide gaming revenue declines of 13.7 percent in February and 2.7 percent in January.
Year-over-year baccarat revenue increased 39.9 percent in March to $101.8 million on wagers of $703 million; blackjack revenue jumped 6.1 percent; craps revenue grew 36 percent; and slot machine revenue was up 3.8 percent.
Slots continued to perform well; Control Board Senior Research Analyst Michael Lawton said slot machine wagering figures on the Strip have increased for three consecutive months, suggesting that visitors are spending more on gaming.
Casinos held 14.47 percent of all wagers, as opposed to 10.25 percent last year.
The control board said the state’s three Internet poker websites collected $926,000 in gaming revenue, an increase of 12.2 percent over February’s results. For the first 11 months that Internet poker has been legal in the state, total revenue has been $9.4 million.
Gaming taxes collected on the March revenue figure reached $84.1 million, a 7.39 percent increase over the same month a year ago. But for the first 10 months of the fiscal year, gaming tax collections are up less than 1 percent.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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