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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.
ALBERTA STILL UNDECIDED ON INTERNET GAMBLING -
The Alberta Gaming and Liquor Commission continues to study the issue of online gambling legalisation and the experiences of British Columbia, Ontario, Mantitoba and Quebec, which have already regulated and licensed the pastime.
Caution against excessive tax For Pennsylvania online gambling -
The lively debate on internet gambling legalisation in Pennsylvania, and the legislative proposals currently on the table in that state, received the attention of two experienced industry executives over the weekend when Poker Players Alliance executive director John Pappas, and the CEO of the All American Poker Network, David Licht, spoke out in the publication TribLIVE.
2015 WSOP Event 68 -
In event 68, the $10,000 Dealer's Choice competition, El Monte, California professional player Quinn Do (39) adopted a singularly successful strategy of choosing not his own favourite games, but those in which his opponents seemed weaker, augmenting this with changing tactics that kept his opposition off-balance.
2015 WSOP Event 65 -
British property investor and part-time high stakes mixed game player Gerald Ringe claimed his first and the UK's third bracelet this season by winning event 65, and California pro Quinn Do crushed all in his path on the way to winning his second bracelet after an interval of ten years.
2015 WSOP Event 64 -
In Event 64, six online players who had earlier survived an internet field of 905 took their seats for the live finale in Las Vegas of the $1,000 buy-in WSOP.com NLHE, all with ambitions for the $859,750 prize pool.
2015 WSOP Event 62 -
The WSOP.com semi-online event was played at six-man live table in Las Vegas, and a New Jersey pro took down the inaugural Bounty NLHE competition.
2015 WSOP Main Event Starts Today -
Ten days have been set aside for the event, number 68 on the WSOP schedule, which is expected to attract thousands of players, among them the most accomplished in international competitive poker.
Bet365 betCall product alleged to be circumventing local betting law -
The Interactive Gambling Act 2001 prohibits the placing of bets on events that have started except via telephone," the newspaper explains, observing that the three UK-headquartered companies get around this requirement by only accepting bets if punters have their computer microphones turned on.
Romania Blacklists 50 Online Gambling Websites -
Oficiul National pentru Jocuri de Noroc (ONJN), the Romanian gambling authority, has announced the publication of a blacklist identifying 48 websites that have accessed Romanian online punters without the necessary licensing and have consequently been banned.
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