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Las Vegas Revenues Rising
Thursday April 11, 2013 : GOOD FEBRUARY FOR LAS VEGAS STRIP
Baccarat players help produce the best monthly revenues since end-2007
Atlantic City revenues may be waning, but in February 2013 those in Nevada definitely waxed, according to official statistics which show that GGR rose 15.1 percent to $1.073 billion.
The increase represents the biggest monthly rise since December 2007, and will undoubtedly boost confidence that the US gambling mecca is on the road back to prosperity.
Predictably, it was the Las Vegas Strip that led the comeback, its casinos reporting revenues of $696.1 million, or an increase of just over 31 percent over the comparative period last year.
Other regions in the Silver State did not fare as well, with only South and North Tahoe showing increases.
Baccarat action was the main driver in the overall positive results, with increased activity from Asian players celebrating the Lunar New Year by having a bit of a flutter. Baccarat win was up 131.35 percent to $263.9 million, and mini-baccarat jumped 108.6 percent to $11.7 million.
Overall slot machine win declined 5.2 percent to $541 million, sports book revenues soared 24 percent to $14.3 million and roulette performance was also outstanding at 22 percent up to reach $37.7 million.
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Gambling News :
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
Singapore Online Gambling Ban Begins -
Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.
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