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 […]
November Revenue Run-down Read More »
Center for Gaming Research, Two Way Hard ThreeIn 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
Baccarat and gaming win in the LVBP Read More »
Las Vegas Business PressIn 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
Thoughts on the February numbers in Two Way Hard Three Read More »
Two Way Hard ThreeI’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
Feb. Nevada number comparison Read More »
Center for Gaming Research, news about gamblingIn 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
More about the “Friday Effect” Read More »
news about gamblingThe 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
Nevada January gaming revenues: not encouraging Read More »
news about gamblingWith some time to really work today, I finished several updates and created a new report that should help put 2010 in perspective. Here’s the rundown: 1. I updated and retitled the analysis of monthly and quarterly revenue changes 2007-2010: Nevada Gaming: Charting the Recession Analysis of Total Gaming Win, Statewide and Las Vegas Strip,
Another Thursday, another Green Felt Journal in Vegas Seven. This week, I tackle casino debt with the help of Eugene Christiansen: It’s no secret that casino companies are more debt-encumbered now than they’ve ever been. In 1990, the average big Las Vegas Strip casino (those earning more than $72 million a year in gaming revenue),
Talking Vegas debt in Vegas Seven Read More »
news about gambling, writingIn 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
Baccarat doesn’t = back in LVBP Read More »
Las Vegas Business Press, news about gambling, writingI’ve got another LVBP column up, in which I discuss whether looking at Nevada’s gaming numbers by quarters can yield any insights: The financial quarter is a handy time measure for evaluating the Nevada gaming industry’s recessionary progress. Three months is long enough to absorb monthly volatilities, but not as long as a year. Looking
Look at quarterlies in LVBP Read More »
news about gambling, writingI’ve updated the Nevada June revenue/handle analysis: >>>Nevada Gaming Statistics: June Comparison Statewide, Las Vegas Strip, Boulder Strip, and Washoe County figures for June, 2004-2010 read report (pdf) This time, I added a one-page “executive summary.” The summary’s necessary because I’ve realized that while the implications of the numbers in the tables seem perfectly obvious
Updated June Nevada gaming numbers analysis Read More »
news about gamblingMy latest Las Vegas Business Press article is available, in which I talk about perceptions and reality, particularly as they relate to Nevada table games hold: The table-game numbers present an even greater challenge to the idea that managers are putting the screws to players. True, in the past few years there’s been a regrettable
Casinos looser than some think Read More »
news about gamblingLawyers for Terrance Watanabe how say that the high roller’s losses in 2007 were nearly 69 percent higher than they claimed in their original lawsuit. From the LVRJ: Lawyers for Nebraska philanthropist Terrance Watanabe say in a new lawsuit that his losses at Harrah’s Entertainment casinos were much larger than they previously reported, making him
The 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 gamblingI’ve posted a new report at the Center for Gaming Research website: a statistical breakdown of the evolution of Nevada baccarat, 1992-2010. Here’s my description: This chart shows the trajectory of Nevada baccarat since 1992. The total baccarat win and number of tables grown over the past eighteen years, both in absolute terms and as
Speaking of baccarat… Read More »
news about gambling, what's newNew 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, writingHere’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, writingIt’s not every day that you read an editorial bashing the place you work, and your colleague’s mental acumen and productivity. Well, if you work at UNLV it might be. First, a social work professor throws his peers under the bus by complaining that their work isn’t being published in enough indexed journals. Then he