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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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