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Just as hopes were rising that Nevada had begun to shake off the recession, the Nevada Gaming Control Board reported Thursday that May revenues dipped sharply by 10 percent year-on-year to $885.1 million across the state.
The Las Vegas Strip, which accounts for more than half the total, was hit especially badly, plummeting 18 percent to $475 million, and downtown Las Vegas slipped 2 percent to $45 million.
The regulator reported that volumes at both table games and slot machines declined.
The bright spot was Laughlin which had a better month, gaining 20 percent over the month, and the worst hit was South Lake Tahoe, where casino winnings dived nearly 27 percent.
The state government consequently harvested lower tax revenue, down to $52 million or a 24 percent drop from the last year.
The declines represent an inexplicable switch from a positive trend upward in April and preceding months, where the indications were that business was starting to improve.
In related news the New Jersey Division of Gaming Enforcement revealed that Atlantic City’s casino businesses had reported a 0.6 percent decline in revenues to $274.7 million June, continuing the many months of steady decline for the gambling centre.
Gambling News :
Oink Country Love Slot Launches -
Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.
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.
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