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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 :

Tabcorp Telling Shops To Boot Gambling Winners - A gambling row that has been simmering for the past week in Australia is set to heat up after the holidays with Tabcorp at the centre after an activist body dubbed Fair Wagering Australia published a leaked internal document that on the face of it suggests a strategy to winnow out successful punters to reduce exposure to risk.

US Gambling Ban Supporters seeking a debate - The latest op-ed aimed at lawmakers through the Washington DC publication in The Hill appears to suggest that moves to reinstate a stricter and more specific Wire Act are really just about creating a time-out and space for legislators to debate and better inform themselves on online gambling.

Playtech's principal shareholder attacked over past history - Teddy Sagi, the forty-two year old Israeli billionaire and main shareholder in the Playtech online gambling technology empire was the target of a highly personal attack published by the UK newspaper The Daily Mail Saturday.

Tennis Odds: Nadal, Djokovic Front and Center in Monte-Carlo - Not only are Nadal and Djokovic two of the major focal points of the tennis elite, they’re also two of the most competent clay surface competitors we’ve seen in a while. No wonder the two lead the tennis futures with 2/3 odds of winning the Monte-Carlo Masters and 13/8 odds, respectively.

Eric Afriat Wins WPT Seminole Hard Rock Poker Showdown - Canadian Eric Afriat has survived an entry field of 1,795 to claim the honours and the $1.09 million top prize in the WPT Seminole Hard Rock Poker Showdown.

Tokidoki slots - By 2015, some of International Game Technology's new land slots will feature a trendy fresh theme based on the booming tokidoki lifestyle brand, according to an announcement Thursday.

Unibet Exits Russian Gambling Market - With Belclic's decision last week to reverse out of the Russian online gambling market still reverberating around the industry, the Swedish online gambling operator Unibet plc has announced that it intends to follow suit - at least temporarily.

46 percent of social casino activity is Mobile - If you haven't yet assimilated the message, now's a good time to start - mobile rocks and continues to gain ground as the delivery channel of choice for many internet punters.

Live Dealer Action For TopGame - Top Game, an online gambling software provider that has come in for a number of player criticisms in the past, has announced that it is about to add live dealer action to its range of products.

BRAZIL SET TO FORMALISE LAWS ON INTERNET GAMBLING? - The Brazilian government's latest policy drafts on the use of the internet and how it should be regulated appears to favour a more restrictive approach when it comes to online gambling.

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