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Another bad Month For VEGAS CASINO'S

10/9/09 - The stressed economic situation continues to impact Nevada land gambling venues according to official figures for August 2009, which show that casinos won $847 million from gamblers in August, a 9.3 percent decline compared with the same month in 2008.
 
The Nevada Gaming Control Board reported Thursday that monthly revenue for the first two months of the fiscal year that began in July fell nearly 11 percent compared with a year ago. 

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The latest statistics show that the decline is now in its 20th consecutive month as the recession discourages gamblers from travelling to gamble.
 
Looking for the positive in the latest numbers, the Board's top analyst Frank Streshley pointed out that August marked the first single-digit decline since May. But he said that in-state gamblers have also cut their gambling spend.
 
"A good percentage of our growth has [traditionally] come from the local side, and that's been impacted heavily by unemployment and the housing crisis," he said. Nevada's unemployment rate in August hit a record 13.2 percent, the second highest in the nation.
 
The state collected $49.6 million in casino taxes based on the August revenues, a 9 percent decrease from the same month one year ago.
 
Gamblers wagered $11.6 billion at slot machines and table games in August, a decline of 13.4 percent. Slot wagering fell 16.9 percent to $9.1 billion, while table game wagers fell 3.7 percent to $2.5 billion.
 
Streshley noted that wins from the high stakes game of baccarat helped keep the revenue decline from falling even lower. Casinos won $109.5 million on baccarat, up $35.8 million or 48.6 percent, from August 2008. Without that, statewide revenue fell 14.3 percent.
 
Casino wins on the Las Vegas Strip, which account for about half of all state gambling revenues, fell to $449.5 million, down $44.5 million or 9 percent, the report revealed.
 
In Washoe County, which includes Reno, revenue dropped nearly 21 percent to $73.9 million - the smallest reported since 1989 and the 26th straight month of decline for the county.
 
Lake Tahoe's south shore operations declined 29 percent, taking in $21.9 million, the lowest August win since record keeping began in 1983.
 
Revenue increases were reported in only two Nevada markets, North Las Vegas and Boulder Strip, which reported revenue increases of nearly 22 percent, mainly due to new casinos opening, which boosted year-on-year results.
 
Gambling revenue fell almost 15 percent in Elko County, 17 percent in Douglas County and 12 percent in Churchill County.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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