gaming revenues

2015 Casino Report Card – Vegas Seven

In this week’s Green Felt Journal, I consider the meaning of the 2015 Nevada casino numbers. How did the state’s gaming industry do last year? Overall, it was a year that showed the continuing transition in Nevada gaming. Read more: 2015 Casino Report Card – Vegas Seven It really was a continuation of 2014, with slight […]

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Vegas Seven

November Revenue Run-down

I had a busy morning yesterday. Every month, the day that the Nevada Gaming Control Board releases its monthly revenues numbers is a busy one. As usual, I prepared the historical summary for the month in question (November this time) and updated the rolling six-month summary. Here are the highlights and links. First, the monthly

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Center for Gaming Research, Two Way Hard Three

Good July might be great news in the LVBP

My column in this week’s Las Vegas Business Press takes a deeper look at July’s Nevada gaming revenue numbers. The more I thought about them, the more I thought that a good month might not be such bad news: On Sept. 12, the Nevada Gaming Control Board released its July gaming revenue report. In both

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Las Vegas Business Press

Downtown as an example in the LVBP

A while ago I posted that report on Nevada gaming revenue trends from 1984 to 2010. I decided to write an extended opinion piece about one facet of that report for the Las Vegas Business Press (not the Las Vegas Journal-Business Review): In general, the past quarter century has been good for Nevada gaming: revenues

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Las Vegas Business Press

Baccarat and gaming win in the LVBP

In this week’s Las Vegas Business Press, I look at what the continued reliance on baccarat means for Nevada: Since the second quarter of 2010, the fortunes of the Las Vegas Strip — and, by proxy, of Nevada’s gaming industry — have been tied to baccarat. The game’s had a presence in Nevada since the

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Las Vegas Business Press

Thoughts on the February numbers in Two Way Hard Three

In addition to the statistical reports I’ve written in my official capacity, I’ve got a few thoughts I’d like to share about what the numbers mean over on Two Way Hard Three: Every month, Revenue Day is always a bit of a mixed blessing for me. It means a lot of fairly frenetic number crunching

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Two Way Hard Three

Six-month NV gaming analysis

Each month, there’s a lot of sound and fury about what the results released by the Gaming Control Board really mean. And each month, when asked what I thought, I used to look at the numbers, compare them with the previous year’s, and speak. Last year I decided to shift perspective a little by adding

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Center for Gaming Research, news about gambling

Feb. Nevada number comparison

I’ve got the Nevada gaming revenue comparison and analysis for February up. Here’s the executive summary: For Nevada’s gaming revenues, February 2011 had little to celebrate, though in some ways the numbers aren’t as dire as they seem at first glance. Comparatively, the Strip continues to outperform much of the state, but it is still

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Center for Gaming Research, news about gambling

More about the “Friday Effect”

In my analysis of the January Nevada gaming numbers, I made reference to slot win from December being rolled over into January, something I dubbed the “Friday Effect” because I couldn’t think of a better description. I got a few emails asking for more details about it, so here’s the explanation that GCB Senior Research

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news about gambling

Nevada January gaming revenues: not encouraging

The January numbers are out, and while they appear to be merely ho-hum (a 0.67% Statewide revenue decrease), they are actually quite troubling. Here’s the executive summary of the report: January 2011 continued what has been a trend: a persistent, moderate decline in the state’s gaming revenues. This is the third consecutive month in which

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news about gambling

Thoughts on 2010 in Las Vegas Business Press

This week in the Las Vegas Business Press, I take a look back at a year that raises more questions than it answered: From the start of last year, Nevadans had no illusions. The recession showed no concrete signs of letting up, and within the gaming industry hope, particularly about the newly opened CityCenter, was

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news about gambling

December NV gaming revenue analysis

The Gaming Control Board released the December 2010 Gaming Revenue Report today, and I’ve gotten my historical comparison/analysis up. Here’s the executive summary, but you should really click through to see all of the numbers: As in November, December saw a decline from the previous year’s results, but there were bright spots. Statewide and in

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news about gambling

New report: Average Big Strip Casino, 2010

After some work, I’ve finally produced the first fruits of the Nevada Gaming Abstract 2010’s publication, over on gaming.unlv.edu: Average Big Las Vegas Strip Casino, 2010 A statistical summary of the average Las Vegas Strip casino (with annual gaming revenues of over $72 million) with both gaming and non-gaming revenues and information on employment, taxes,

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news about gambling

Analysts bullish on Macau

We know that Macau had a blockbuster 2010, more than doubling the revenue of Nevada’s 329 non-restricted gaming locations with its 33 casinos. According to two CLSA analysts, 2011 will be an even better year for the SAR. From Bloomberg: Casino revenue in Macau, the world’s biggest gambling hub, may climb 30 percent to $30

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news about gambling

AC casinos 2010: Another bad year

The Casino Control Commission released the 2010 casino revenue figures today. Here’s the pdf press release if you want to take a look. For the market at large, it was close to an unmitigated disaster, with a 9.0% decline in slot revenue and 10.9% slowdown in table revenue combined to drop total casino revenues by

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atlantic city, news about gambling

Head-scratching September in NV

The September gaming numbers are out, courtesy of the Nevada Gaming Control Board, and I’ve got my analysis of the historical trends up over at gaming.unlv.edu. Here’s the low down: For the second straight month, Nevada gaming revenues posted a year?over?year increase, but there are still several continuing weaknesses in the overall revenue picture, and

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news about gambling

Baccarat doesn’t = back in LVBP

In my latest Las Vegas Business Press column, I dissect the August 2010 Nevada gaming numbers: And if your casino doesn't offer baccarat or high-end play, you might be out of luck. With only 22 out of the 329 casinos with nonrestricted licenses in the state 6.7 percent offering the game, only a few are

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Las Vegas Business Press, news about gambling, writing

Bacc talk in LVBP, thoughts on empiricism

This week’s Las Vegas Business Press column takes a closer look at the game of baccarat, which is becoming more and more important on the Strip: At the level of the individual casino, there are even greater swings of fortune. Unlike Nevada, New Jersey discloses separate results for each of its casinos. This allows analysts

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news about gambling, writing

Mixed May message

The May numbers have been released from the Nevada Gaming Control Board, and while on the surface they seem to be not such bad news, they actually send a mixed message. Here are my thoughts, broken down by region. Statewide Across the state, the gaming industry continues to shrink–we’ve got about 2,500 fewer slots and

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news about gambling

Volatility attacks! in the LVBP

The latest Las Vegas Business Press is on the streets, and it includes my thoughts on the April numbers: April revenue results for Nevada’s casinos contained a not-unexpected surprise. The hands of fate, in the form of a lower-than-usual baccarat hold percentage, finally caught up with the state, proving that an over-reliance on high-end gamblers

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news about gambling, writing