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Vegas September revenues down again
Latest figures from the Nevada Gaming Control Board show a further decline in revenues on both The Strip in Las Vegas and across the gambling state - the ninth consecutive month in which revenues have gone downhill.
Gaming revenues across Nevada were down 5.4 percent to a billion dollars compared with September 2007, officials reported. On The Strip, revenues dipped 5.1 percent to $525.1 million over last year's equivalent.
Explaining the decline, officials pointed to the general economic conditions, but also noted that the month was short of a weekend, there had been no special attractions to draw players in and that the comparative period for 2007 had seen a particularly strong set of numbers. But the bottom line was that Nevada was $10 million in tax income down from the same period last year, receiving only $63.5 million.
Frank Streshley, a statistician with the Board described the decline as "alarming" and predicted that the October 2008 figures are unlikely to show a better picture.
Revenues from slots and table games on The Strip were all down, he reported, with baccarat the exception which delivered a 66.6 percent rise to $75 million during the month and saved the overall decline from going as high as 8 percent.
Venues elsewhere were also disappointing, dropping by 8.1 percent to $49 million, with the exception of Clark County where casinos reported an 11.2 percent rise over last September, and the Boulder Strip establishments which reported $87.5 million in gross win, up 13.9 percent. In Laughlin the decline was 6.9 percent, and Mesquite revenues plunged by 27.8 percent.
In Northern Nevada the same depressing pattern was recorded, with Washoe down 20,5 percent at $77 million, and South Lake Tahoe casinos dropping 16.8 percent to $24.5 million. Carson City posted a 20.6 percent decline to $8.5 million and Elko County venues were down 12.6 percent to $24 million.
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2017 Aussie Millions Event 1 -
The Melbourne-based player bested a field of 1,565 entries - 245 up on last year's equivalent - to end up in the heads up with New Zealnad's Qiang Fu, but not before both he and Qiang had narrowly escaped at the four-handed stage when they were the low stacks.
Swiss Reject idea to Block Gambling Websites -
The Legal Affairs Committee of the Swiss National Council has nixed new regulations which would have blocked access to online gambling sites in Switzerland, according to local media reports Tuesday.
Growth Ahead For Online Gambling -
Transparency Market Research has issued a teaser on its latest international online gambling and betting survey, forecasting that the industry will grow at a Compound Annual Growth Rate (CAGR) of 10.8 percent by 2024.
New Qubit software For SkyBetting -
#qubit Sky Betting & Gaming aims to top its record 50 percent revenue growth last year with new player differentiation software and expertise provided by the Qubit company.
Slotfather II Slot Launching -
#betsoft The first is a sequel to the popular gangster-themed online slot Slotfather, unsurprisingly titled Slotfather II, whilst the other is a new 243 ways-to-win game titled Fa Fa Twins..
Massachusetts Online Lottery Bill -
Flanagan's confidence was clearly boosted by the bill's success in the Senate last year, although it was not developed by the House and ran out of time.
Italy Doing Well With Online Sports betting -
The latest numbers from the Italian regulator show that online sports betting remains king when it comes to internet gambling in the market, generating Euro 391.8 million in turnover in December 2016.
Michigan To Reintroduce Online Gambling Bill -
#Michigan state Sen. Mike Kowell's staff have confirmed that the senator plans to reintroduce his online gambling legalization bill, which failed to make it through the last legislative season.
MGM Buys DC office building For lobbying team -
#MGM Resorts International has bought a new Washington, D.C., office building for its in-house lobbying team, led by former chief counsel to the now retired Nevada Sen. Harry Reid, Ayesha Khanna.
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