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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.



Recent Gambling News :

ADJARABET LIVE ON MICROGAMING POKER USING BABELFISH TECHNOLOGY - Adjarabet was founded in 1998 and has firmly established itself as the Georgian market leader in poker, casino, sports betting and skill games.

Adjarabet Using Microgaming BabelFish Poker Software - Adjarabet is able to offer players additional network liquidity with the flip of a switch through its relationship with Microgaming and its software running on the MPN system.

Gold Diadem Casino Launches - The new destination offers online gaming and betting across multiple platforms utilising EveryMatrix’ OddsMatrix, GamMatrix and Casino Engine.

Ambiance Slot Launches - The game is a 20-payline video slot offering Wilds and a New Scatter Collect feature. Each line win creates a unique combination of sounds, and collecting five or more scatter symbols triggers an equal amount of free spins, with additional spins awarded if more scatters are collected during free spins mode.

Totolotek has launched an HbbTV app - HbbTV (Hybrid Broadcast Broadband Television) is a pan-European specification for interactive television delivered over both broadcast and broadband Internet connections. It deploys information and entertainment services to HbTV-enabled set-top boxes and iDTVs.

Player Wins AU$327 000 Online - While the player, identified only as D.C., racked up a series of wins on several games, he/she hit a big one on Microgaming’s Burning Desire video slot for AU$298,000.00.

Jenny Rosberg Nominated to NEtent Board - The Committee also proposed the re-election of the current directors Vigo Carlund, Fredrik Erbing, Mikael Gottschlich, Peter Hamberg, Michael Knutsson, Pontus Lindwall and Maria Redin.

BetatHome full year 2014 results - Betclic Everest SAS Group subsidiary Bet-At-Home.com AG said it had continued successful operations following the above-average momentum of previous quarters in its full year 2014 results.

Great Q1 Results for Gala Coral - Gala Coral Group is hailing strong online and multichannel growth in its latest quarterly performance while bemoaning the impact of adverse football results.

Antigua Issues another WTO warning to USA - There's almost a sense of Groundhog Day ("a situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way") about the World Trade Organisation dispute between the United States and Antigua over online gambling, which has entered its 11th year in 2015....but here we go again.

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