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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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Big Fish Games Partner With Bitcoin Wallet -
Bitcoin wallet Coinbase has entered into a partnership with casual games developer Big Fish who will provide its online customer with a new method to buy games and in-app purchases with bitcoin.
Single Set Of Gambling Rules for EU -
Adopted by an overwhelming majority, the updated rules for the first time subject all gambling services to EU-wide rules for the prevention of money laundering while bringing greater legal security and consistency to online gambling operators offering their services across EU states.
UK Football Association Considers Betting Ban -
The UK Football Association is reportedly considering a blanket ban on players and club staff betting on football matches following an admission by Newcastle United Football Club player Dan Gosling to a FA misconduct charge earlier this week.
Three Stooges II Launches on Mobile -
One of RealTime Gaming’s newest and most popular online slots is now available for iPhone, iPad and Samsung Galaxy S3/S4 users following the launch through Jackpot Capital Casino of Three Stooges II.
Delaware Online Gambling Report Delayed -
The commission set up by the state of Delaware to recommend how the state can become more competitive in its gambling industry has struggled to reach consensus, leading to a delay in the submission of its recommendations.
REVIEW OF ONLINE GAMING IN EUROPE -
Ystats has concluded that European internet users - and especially those in West and Central Europe - spend significantly more time playing online games that is the case in other parts of the world...and that the devices of choice are increasingly mobile - smartphones and tablets - and socially oriented.
Sam Trickett Signs With Everest Poker -
Top international and British poker professional Sam Trickett has signed up as international brand ambassador for online gambling group Betclic Everest and will work with the Everest Poker team in London, from where he will attend Live events and take part in video updates and blogging efforts covering the world of poker.
UK gambling advertising requirements -
Judging by the frequent Advertising Standards Authority decisions on unacceptable advertising that go against online gambling firms, more needs to be done to educate marketers on what is appropriate… and more importantly what is not.
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