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Nevada Improves in Fiscal Year 2016
MARGINAL IMPROVEMENT FOR NEVADA GAMBLING IN FISCAL 2016
Under 1 percent year-on-year improvement recorded by regulator.
The end of June 2016 saw the completion of the Nevada gambling fiscal year, which ended just short of 1 percent up on fiscal 2015 with total revenue of $11.12 billion, according to a report issued Friday by the Nevada Gaming Control Board.
Although a slight improvement, the total is substantially lower than fiscal 2007, when Nevada gambling revenues were at their peak at $12.5 billion.
But, as the Las Vegas Review Journal pointed out: "Although the Nevada gain was small it looks good compared to Macau, which saw a 22.5 percent decline in win over the same 12-month period."
Michael Lawton, senior research analyst for the NGBC, said 12 of the 14 Nevada markets tracked by the state saw gains in 2016 over 2015.
“From the perspective of the entire state, that shows you the growth is widespread,” he said.
The last month of fiscal 2016 produced overall revenue of $887.4 million - up 6.8 percent compared with June 2015, with operators on The Strip in Las Vegas the stars for the month delivering a year-on-year 9.7 percent rise in revenue to almost $490 million.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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