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VEGAS REVENUES DOWN ANOTHER 2.5 PERCENT IN JANUARY
Posted 3.11.11 : VEGAS REVENUES DOWN ANOTHER 2.5 PERCENT IN JANUARY
Third straight monthly decline disappoints gambling companies
Las Vegas Strip gambling revenue fell 2.5 percent in January in the third straight monthly decline as the city faces an uneven recovery, reports the Bloomberg news agency.
Revenue declined to $482.7 million from $495 million a year earlier, Nevada’s Gambling Control Board figures show.
Nevertheless, the feeling is that Las Vegas is beginning to emerge from its worst decline on record, where betting fell more than 9 percent in 2009 and 2008.
MGM Resorts International, Las Vegas Sands Corp., Wynn Resorts Ltd. and Caesars Entertainment Corp., the four biggest Las Vegas-based casino owners, have all said the worst has passed.
Revenue for all Nevada casinos fell 0.7 percent to $877.4 million in January, the board said. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, fell 0.4 percent to $761.4 million.
About 37.3 million people visited the Nevada city in the 12 months through December, a 2.7 percent increase from a year earlier. Clearly not all were gamblers.
Passenger traffic at Las Vegas’s McCarran International Airport rose 5 percent in January, according to Clark County Department of Aviation data. Last year passenger traffic fell 1.8 percent.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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