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Nevada Gambling Revenues Plunge in February 2014`
Friday March 28,2014 : NEVADA REVENUES PLUNGE IN FEBRUARY
14 percent down overall, 20 percent decline on the Strip.
The latest statistics from the Nevada Gaming Control Board do not make for happy reading, gambling revenues plunged 14 percent in February, with the Las Vegas Strip revenues diving 20 percent.
The Silver State's land casinos won $926 million in February, down from more than $1 billion in the same period last year. The decline was most keenly felt in Las Vegas, where revenues on the Strip tumbled over 30 percent year-on-year to $556 million.
Bringing some cheer to a generally gloomy picture, Downtown Las Vegas operations recorded a 3 percent rise in revenues to $43 million.
Reno casinos recorded negligible revenue increases at just less than 1 percent to $44 million, while South Lake Tahoe casino winnings dropped almost 10 percent to $15 million.
Nevada's state government coffers collected almost $59 million in taxes on the February gambling revenue - down about 5 percent from the same time a year ago.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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