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Finally VEGAS Revenues RISE

4/9/10 - February gaming revenue jumped 32.9 percent on the Las Vegas Strip according to the latest official statistics, lifting shares of MGM Mirage, Las Vegas Sands Corp. and Boyd Gaming Corp. And Nevada state-wide gambling winnings were up almost 14 percent.
 
The Nevada Gaming Control Board revealed this week that land casinos' winnings increased to $946.6 million, compared with $831 million in February 2009, with most of the momentum coming from the Strip, where casinos won nearly $568 million, up 33 percent from $427 million in the same month last year.
 
Associated Press reported that this is the largest increase in casino win on the Strip since November 1999.
 
Gaming Control Board spokesman Frank Streshley said a positive calendar where both the Super Bowl and Chinese New Year fell entirely in February had helped push the numbers upwards, generating high visitor volume from high rollers in Asia and Pacific Rim countries.
 
Analysing the stats, Associated Press reported that February's statewide posting is the largest monthly casino win increase since December 2006 and the first double-digit increase since July 2007.
 
Streshley commented: "We've either hit bottom or will be slowly climbing out."
 
Gamblers wagered $11.7 billion on slot machines and card games, with $8.9 billion wagered on slots (down 2.3 percent) and $2.8 billion on table games (up an impressive 37 percent) from the same month a year ago.
 
Baccarat, a high-roller game, was again a popular choice for gamblers, generating $1.2 billion in wagers (up 130 percent) and $206.1 million in earnings for the casinos Streshley said.
 
Taxation from gambling during February brought $47 million into state coffers, down some 28 percent from February 2009, largely because of credit play. Casinos do not pay taxes on markers — short-term loans extended to players — until the debt is collected.
 
Elsewhere, casinos in northern Nevada's Washoe County reported winning $60.9 million, up 2.7 percent for the first monthly increase in 32 months, whilst in Reno, casino winnings of $43.9 million was an increase of 4 percent. South Lake Tahoe continued to battle, dropping 15.4 percent to $14 million as a result of increased competition from tribal casinos in California.

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In related news, Reuters reported that gambling revenue in Macau will reach close to $1.68 billion for March 2010, underscoring sustained growth in the world's largest and fastest-growing gambling market.
 
Stanley Ho's casino flagship SJM Holdings retained the biggest share of the market, at around 30 percent, while Sands China, the Macau unit of Las Vegas Sands, was second with around 20 percent.
 
Macau casino revenue last hit a record in January 2010, when revenue rose 63 percent from a year earlier to $1.80 billion.

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Gambling News :

Baccarat No Deposit Bonus - #handpay Not only is the game of baccarat now more convenient to play, with many online casinos now offering it, you can expect to play Baccarat games for real money online without depositing a cent of your own money.

PaddyPower Donald Trump Ad - #trump The marketers at Paddy Power are up to their controversial guerrilla marketing tricks again, announcing Thursday that their next target to get the publics attention is US presidential contender Donald Trump and the size of his private bits.

New DFS Bill For New York - #dfs Reporting on the bills, the New York Daily News said their passage will allow DFS market leaders FanDuel and DraftKings, along with other daily fantasy sports sites, to return to New York after they exited following "cease and desist" letters from the AG earlier this year.

Pariplay Moves Offices to Gibraltar - The Gibraltar licence enables the technology company to join group of gambling operations with a presence in the British overseas territory located on the southern Iberian Peninsula.

NETENT SECURES ROMANIAN LICENSING - Swedish online gambling software developer NetEnt has revealed in a stock exchange announcement today (Friday) that it has obtained class two licenses from the National Gambling Office in Romania.

$13 Million NY SportsBetting Ring Busted - #nydn The New York Daily News reports that six local men were arrested Thursday for conducting an online gambling operation that prosecutors claim generated over $13 million between September 2015 and this week through a Costa Rica-based site identified as Stakestake.com.

Quebec ISP To block gambling websites - Apparently disregarding repeated warnings regarding interference with the internet from legal and other experts, Quebec provincial lawmakers this week voted for Bill 74, a law that obliges Internet Service Providers in the province to block gambling websites.

South Africa Rejects Online Gambling - It appears that the South African governments anti-online casino gambling stance is now firmly entrenched after over a decade of indecision and repeated enquiries and commissions.

Curacao criticisms by two Dutch MPs - The #Dutch Minister for Kingdom Relations, Ronald Plasterk, appears to have been stung into a response by the national media coverage achieved this week on Curacao criticisms by two Dutch MPs

MadBookie Issues - Anti-gambling groups in Australia have slammed local online bookmaker MadBookie for its partnership with a dozen local sports club in which the company pays 25 percent of its club players losses to the clubs.

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