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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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Recent Gambling News :

Full Tilt Casino using Amaya Gaming Group Games - Montreal-based online gambling group Amaya Gaming Group Inc. announced Monday that a selection of its online casino games has been launched on Full Tilt Casino to bolster the site's expansion into internet casino gaming.

GameAccount in partnership with Parx Casino - Parx is a market leader in Pennsylvania with a 30 percent share of the five-property eastern Pennsylvania terrestrial casino market.

Thomas Vanek in Online Gambling Case - Bartlett emphasised that Vanek was not under suspicion in the case, which refers to illegal online sports betting at the Marina Restaurant and Bar in Rochester, N.Y.

Playtika to consolidate - Internet social games developer Playtika, a member of the Caesars Interactive Entertainment group since 2011, has announced that it is to consolidate the group's various games development studios under one Playtika brand.

Matchbox Exiting Canadian market - The management of online betting exchange Matchbox has communicated with Canadian customers, advising them that following an extensive business review of operations it has been decided that the company will exit the Canadian market.

Power Spins Nuclear 9s slot delivers a huge hit - Harry Von Schlussel, manager at the Crazy Vegas online casino in the Vegas Partners Lounge Group, has revealed that a UK player struck it rich last week with a Euro 160,000 win on Microgaming's Power Spins Nuclear 9s slot.

Fake MH17 condolence sites carry low-class pop-ups for online gambling - Tragedies often bring out the best, but also regrettably the worst in humanity, and the latter surfaced this week with reports in the Sydney Morning Herald that fake condolence websites set up for the Malaysian Airlines tragedy in Ukraine exposed site visitors to pop-ups advertising online gambling, porn and get-rich-quick websites.

Tanuki Entertainment develops mobile and HTML5 casual games - Aided and abetted by his wife Susie, former DoubleDown Interactive content director Matthew Gillikin has started his own company, titled Tanuki Entertainment, and has already completed four games as an independent game developer.

PartyPoker Improves Fastforward Poker - PartyPoker has announced the availability of its popular Fastforward poker variant to mobile players in four markets, Austria, Ireland, Sweden and the UK.

Turkey Blocks 110 online gambling websites - Don't doubt the determination of Turkish regulators to block online gambling sites found to be offering unauthorised services to Turkish punters, is the message from the Turkish National Lottery and TIB, the country's telecommunications regulator.

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