This is getting predictable. In May, casino revenues in Atlantic City declined 9% from May 2009. Year to date, revenues are down 7.9%, and it doesn’t look to get much better. I don’t think that table games in Delaware and Pennsylvania are going to help. It was an across-the-board decline. Every casino posted lower revenues […]
AC slides more in May Read More »
atlantic city, news about gamblingThe Gaming Control Board has released Nevada’s April 2010 gaming revenue numbers. To give everyone some perspective on the month, I’ve put together a new report: Nevada Gaming Statistics: April Comparison. This four-pager charts the performance of Nevada casinos over the past 7 Aprils. This month, we’ve got four reporting areas: Statewide, Las Vegas Strip,
April numbers tell a story: volatility Read More »
news about gamblingThe Nevada gaming revenue numbers for March are out. From the LVRJ: Nevada casino revenues fell by less than 1 percent during March following February's double-digit increase. State casino operators collected $912.2 million during the month, a decline of 0.66 percent compared with $918.2 million collected from gamblers in March 2009. via Nevada gaming revenues
Nevada March numbers Read More »
news about gamblingThe AGA’s 2010 State of the States is out, and to no one’s surprise 2010 was another off year for gambling. From the LVRJ: According to figures released this morning by the Washington D.C.-based American Gaming Association, commercial casinos in 13 states collected $30.74 billion from gamblers, compared to $32.54 billion collected in 2008. via
National gaming revenues decline Read More »
news about gamblingLas Vegas Strip casinos had a strong February. From the LVRJ: When combining the first two months of 2010, gaming revenues are up 5 percent statewide and 13.4 percent on the Strip. “February turned out to be the perfect storm,” Control Board Tax and License Division Chief Frank Streshley said. “It was a record for
NV February numbers good, not great Read More »
news about gamblingNew Green Felt Journal in Vegas Seven: Baccarat first came to Las Vegas in the 1950s, but didn’t make much headway until the growth of high-end, international play in the 1970s. Caesars Palace and the Hilton led the way, and soon most casinos with any pretension to catering to high-rollers added the game. The game
Baccarat to the future at Vegas Seven Read More »
news about gambling, writingThe good folks at the Nevada Gaming Control Board have released the January 2010 Nevada casino gaming stats. Here is my summary: Statewide 1. Baccarat continues to power the state’s card games, with its win increasing by about 12% over last year. This game has actually seen a net gain in the past 3 years–Nevada
January Nevada numbers analysis Read More »
news about gamblingHere’s my latest from the Las Vegas Business Press, in which I continue to deconstruct the popularity of pennies: When the year-end Nevada gaming revenue figures came out, two trends dominated the news: Gambling in general was down again in 2009, while baccarat play toward the end of the year showed a surprising spike. But
More about the year of the penny Read More »
news about gambling, writingThe 2009 Nevada gaming numbers are in, and they are not exactly encouraging. From the LVRJ: Gaming revenues in Nevada fell 10.4 percent in 2009, the largest single year decline in state history. Casinos statewide collected almost $10.392 billion from gamblers during the year, the lowest one-year total since 2003 according to figures released this
Things are looking up in Nevada for the first time in a long time. The state’s casinos won more money from gamblers this November than they did last November. Yet there may be another story that isn’t as positive lurking beneath the numbers. From the LVRJ: For the first time in 23 months, Nevada gaming
A November to remember Read More »
news about gamblingThe Nevada gaming revenue figures for October have been released, and they don’t look promising. From the LVRJ: Nevada gaming revenues hit a new low in October. Statewide gaming revenues were $800.3 million, the lowest monthly figure in almost six years. The decline was 11.6 percent compared with $904.9 million reported a year ago. October
Thoughts on October Revenues Read More »
news about gamblingCasinos in Atlantic City continue to post revenue declines, as the July number prove. From the AC Press: Casino revenue sank to its lowest level in 12 years in July, another ominous sign that there will be no summer turnaround for the troubled gaming industry. In what is ordinarily the biggest money-making month on the
The March gaming and tourism numbers are out, and it doesn’t look pretty, though only time will tell whether the bottom is near or somewhere in the distance. Statewide, all nonrestricted locations won 11.61% less this March than they in March 2008. In Las Vegas, visitor volume declined by 6.5%. Clearly, fewer people are coming
March revenue thoughts Read More »
life in vegas, news about gambling…but I see a silver lining. In fact, you could argue that things are getting a whole lot better. It’s just a matter of perspective. Specifically, we’re talking about July’s Nevada gaming revenues being down. From the LV Sun: For the seventh straight month, casino winnings on the Strip slumped, falling 14.6 percent in July
Things are getting worse… Read More »
news about gamblingMost everyone knows that gaming revenues have dipped a bit, but it’s not every day that the Economist covers Las Vegas, so here it is: THE media had a field day recently when Charles Barkley, a retired basketball player, was forced to pay a gambling debt of $400,000 owed to Wynn Resorts, a Las Vegas
The Economist on Vegas Read More »
news about gambling