I’ve got a new piece in the Las Vegas Business Press about how Las Vegas is going to have to adjust to no longer being number one in gaming: In June, Macau casinos took in about $2.6 billion in revenues, an increase of more than 50 percent from the previous year. This achievement highlights the […]
We’re no longer number one! in the LVBP Read More »
Las Vegas Business PressThis is one of those moment of ambivalence that we all face at some time or another. On one hand, I’m pretty happy to be finished working on the 2009 Nevada gaming breakdown (pdf) and the Nevada Gaming Revenue:Long-term trends report (pdf). On the other, the actual data in those reports aren’t really happy fun
A decade of decline? Read More »
life in vegas, news about gamblingThere’s a big piece in today’s USA Today about penny slots: The penny slot machine, once a joke among serious gamblers, is the hottest form of betting during this recession. Even casinos that cater to wealthy gamblers are replacing $1 machines with video slots that accept bets one cent at a time. “You can play
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news about gamblingThe Las Vegas Sun has a graphical “snapshot” of gaming revenue numbers for the past five years: Gaming win at Clark County casinos – Las Vegas Sun. As far as revenue per game/slot goes, this is an interesting graphic because even if this number remains constant gaming revenues will still decrease, as there has been
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news about gamblingThe June numbers are in, and it’s woefully obvious that there’s no recovery in sight for Nevada’s gaming industry. From the LVRJ: Nevadas monthly gaming revenues have sunk to levels not seen since 2004. And analysts said theres no telling how low the bar will fall. “Were still hearing from the casino operators that weekends
The February gaming revenue numbers are in for Nevada, and the news is not good. From the LVRJ: Casino revenue statewide continued a 14-month downward spiral in February. But there was one bright spot in the avalanche of negative numbers — gaming tax collections increased for the first time in seven months. Throughout Nevada, gaming
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news about gambling