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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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Gambling News :

Joe Fortune Casino - #australia Joe Fortune was created to deliver Australian players the ultimate Pokies, Table Games, Video Poker, Keno and Scratchies online

Thunderbird Slot Launched - The latest online slot from the Rival Gaming studios is a 5 reel, 50 pay-line game with a theme based on the mythical and magical world of the Thunderbird.

3 new Acquisitions for Stride Gaming - The acquisitions will be partly funded by a placing of shares at 225p per share, raising GBP 27 million the company said Thursday; the remainder of the consideration will provided by the issue of new shares and from the company’s cash resources.

169 Computes Seized in gambling Raids in Melaka Tengah - District police chief ACP Shaikh Abdul Adzis Shaikh Abdullah said 19 individuals had also been arrested and charged with online gambling offences after police raids on more than thirty venues.

32red Revenues H1-2016 - The 32Red online gambling group posted its H1-2016 numbers Friday, reporting record net gaming revenue at GBP 30.4 million - up an impressive 63 percent year-on-year. Other metrics recorded by the group included:

Joe Fortune New Australian Only Casino - Joe Fortune aims to become the first choice of true Australian casino gamblers. Players are offered a selection of over 400 outrageously cool Pokies, Video Poker, Table Games and Scratchies from popular providers

KOREAN POLICE BUST ONLINE GAMBLING RING - Police based at the Seoul Geumcheon Police Station held a press conference Thursday to detail the successful break-up of an online gambling ring and the arrest of 10 individuals, including the 29-year-old ring leader, whose name was given only as Lee.

FSB Technology in deal with Mkekabet - #Mkekabet Online sports betting platform provider FSB Technology (UK) Ltd has made its first move into Africa with the launch of a website and SMS betting service for Tanzania’s Mkekabet.

Euro 250,000 Hit Caught Live on Twitch - #solidpenis A Russian Twitch poker streamer using the interesting Internet pseudonym Solid Penis freaked out spectacularly when the game he was streaming on his aKTepnopHo Twitch

NYX Gaming in deal with Global Daily Fantasy Sports - Global Daily Fantasy Sports Inc., a publicly traded company on the Toronto Venture Stock Exchange, has announced a distribution agreement that will see its desktop and mobile B2B fantasy sports platform available on the NYX Gaming Open Gaming System network.

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