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Las Vegas Earnings Up For October 2010
Posted on 12.10.10 - 11 percent increase in casino win cause for optimism?
The latest (October) performance statistics for land casinos in Nevada, released Thursday, have given the industry cause for cautious optimism according to widespread US media reports.
The Nevada Gaming Control Board reported that during October casinos in the gambling state won $888.6 million, an 11 percent increase over October 2009. The state collected slightly more than $60 million in taxes based on casino gambling revenues, an increase of 22 percent, the regulator advised.
On the key Las Vegas Strip, which usually provides up to half of statewide gambling revenues, casino winnings jumped 16 percent. Strip resorts won $494.8 million in October, up from $426.3 million a year earlier, according to an Associated Press report. Winnings at casinos in downtown Las Vegas rose 10.3 percent.
Gaming Control Board analyst Mike Lawton told Associated Press that the October results mark the third consecutive month of rising casino winnings. The last truly positive result was April-June 2007, immediately before the global recession started to bite.
Lawton revealed that statewide win was up even without baccarat, a high-roller game favoured by Asian players that has been a saviour for many casinos in recent months. Excluding baccarat, the statewide win was still up 8.5 percent, he said.
Gamblers in general wagered $11.7 billion at table games and slot machines, with the $2.4 billion wagered at table games up 1.3 percent, while the $9.28 billion wagered on slots rose 0.3 percent - the first gain in slot wagering since October 2007.
Elsewhere around the state, Washoe County, which includes Reno and Sparks, won $70 million, up 4.3 percent. In Elko County, casinos' winnings totaled $23.6 million, up nearly 9 percent.
Casino winnings fell 4.5 percent at South Lake Tahoe and 5.6 percent in the Carson Valley area.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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