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Nevada Revenues Drop 2.9 Percent in January
Saturday February 27,2016 : NEVADA REVENUES DROP 2.9 PERCENT IN JANUARY
Fewer baccarat players impact the numbers.
The Nevada regulator has released the state's January gambling numbers, reporting that casinos won $925 million last month, down from almost $953 million in the first month of 2015.
The Nevada Gaming Control Board said that $82 million of the win found its way into the state's tax coffers - up around 19.6 percent.
Board analyst Mike Lawton said that the results compared poorly with the same time last year, when there was a stronger event calendar. Baccarat players were also less in evidence last month.
Overall revenue dropped by 2.9 percent year on year.
$2.5 billion was bet on table games including blackjack, poker, roulette and craps, down y-o-y about $415 million, or 14.4 percent.
There was a $346 million casino win on table games state-wide in January, a fall of 11.6 percent from a year earlier, with almost $45.4 million of the decrease attributable to a drop in baccarat volume.
Slot machine volume was $8.6 billion, down 3 percent in January from a year earlier...but casinos won $579.3 million from slot operations, up 3.2 percent.
Nevada sportsbooks handled more than $448.2 million in wagers in January, but the operator win fell more than 3 percent year-on-year.
Las Vegas sports books did well, reporting win of $8.2 million on NFL playoffs, and $10.2 million on NCAA/NBA basketball games. Operators are looking forward to better results following the Superbowl earlier this (February) month, where legal wagering is expected to deliver operator win of at least $13.3 million (illegal wagering across the USA will be many times more than that).
The regulator reported that during the first seven months of the current fiscal year, casino win is up a mere 1 percent.
Americas Card Room Online Super Series Starts Now -
The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).
New Quick Seat feature at Ignition Poker -
New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.
Finnish people prefer the government to run the casinos -
Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.
NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 -
The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?
Caesar’s Triumph Slot Launches -
Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.
NHL Odds: Pacific Division Foes Face Off in Edmonton -
The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.
Bingo Cataratas Offers Unique Spin on Classic bingo -
Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.
NBA Odds: Hawks-Pacers in Regular-Season Finale -
Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.
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