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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.
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Tim Chung Wins MPNPT Manchester -
The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.
MPNPT Manchester Day 2 -
Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.
Day 1B MPN Poker Tour Manchester -
Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.
Day 1A MPNPT Manchester -
The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days
Kung Fu Rooster Slot Goes Live -
Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.
Sensational Sixes Slot Goes Live -
Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!
3 New Betsoft Slots -
3 new Betsoft slot Games were also added this week to most online casinos allowing US players.
2017 Bodog Super Millions Poker Open -
The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.
Pokerstars Pulls Out Of Coloumbia -
Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.
The Railbird Launched By Americas Card Room #acra -
Watching your friends conquer the tables just got a whole lot easier. Americas Card Room recently launched its industry-first Player Observer Tool dubbed “The Railbird”, a new feature that allows players seated at Americas Card Room tables to instantly share a live stream of their action with friends.
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