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 […]
December NV gaming revenue analysis Read More »
news about gamblingThe Nevada Gaming Control Board has released the unaudited figures for this year’s Super Bowl, and in spite of early reports that the books took a beating, they actually came out slightly ahead. Here’s a quote from the press release: THE GAMING CONTROL BOARD RELEASED FIGURES TODAY SHOWING THAT $87.5 MILLION WAS WAGERED IN NEVADA’S
2011 Super Bowl Breakdown Read More »
news about gamblingMy latest column in the Las Vegas Business Press is now available. In it, I consider Governor Sandoval’s recent call for modernization in Nevada’s gaming regulations: In his State of the State address, Nevada Gov. Brian Sandoval briefly noted the necessity of updating the state’s gaming regulations to reflect the new realities of 21st century
Sandoval’s message to gaming in the Las Vegas Business Press Read More »
Las Vegas Business Press, news about gambling, writingThe Gaming Control Board has announced the release of the 2010 Nevada Gaming Abstract. As of 8AM 1/31, the report isn’t up on the GCB’s site, but here’s the press release: The State Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2010.” The ABSTRACT is a report of combined financial information regarding Nevada
2010 Nevada Gaming Abstract released Read More »
news about gamblingI saw this story in the Las Vegas Sun and decided to investigate further. Governor Sandoval, in his State of the State address, very briefly called for the modernization of Nevada’s gaming laws. Here’s the entire relevant extract from the speech: Since I completed my term as chairman of the Nevada Gaming Commission, the gaming
Modernizing Nevada’s gaming regs Read More »
news about gamblingA while back, some folks asked me what I thought the near-future held for Las Vegas gaming and tourism. After mulling over some of the LVCVA data for the past 40 years, I gave them six different scenarios. This might be nice for a wider audience, I thought. But, since I had a lot on
Projecting the future Read More »
life in vegas, news about gamblingThis week in the Las Vegas Business Press, I take a deeper look at the recent employment study I did over at UNLV: By the same token, examining the numbers isn’t just a dry exercise in statistics. It helps us understand what’s going on when people gain and lose jobs in the casino industry. And
Casino employment in LVBP Read More »
news about gambling, writingThe 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
Head-scratching September in NV Read More »
news about gamblingAs you might have heard, unemployment’s been on the rise in Nevada. I figured it might be a good idea to take a look at the big trends behind the numbers. So I consulted the Nevada Gaming Abstract, a great source for data. With the help of my student employee, Tracy Liao, I was able
My latest report: Casino employment Read More »
news about gambling, what's newI response to a few questions, I put together some gaming revenue data and came up with Nevada Gaming Statistics: Year-to-Date Comparison, a look at how this year’s results stack up against last year’s. Found some interesting things. Statewide, in 2009 the January-August total revenue was $6,944,221,000. In 2010, it was $6,937,680,000. A decrease of
Nevada gaming year-to-date report is out Read More »
news about gamblingJust to show you the kind of week I’m having, it’s Thursday and I’m just now getting around to posting a link to my bi-weekly LVBP column, which I should have done on Monday or Tuesday. I just got the beta version of the Macau gaming summary up, and I’ve jumped into a study of
Surprising AC slots in LVBP Read More »
atlantic city, news about gamblingThe 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
The 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 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 gamblingI’ve got a new column in the Las Vegas Business Press about that Arkansas casino nirvana, with some more exploration of a state without gaming regulation: Recent events in a state that's considering getting into the casino game have raised the question of casino regulation. Looking at intent and practice of regulation anew provides a
Casino regulation in context Read More »
news about gamblingThe 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 gamblingI’ve been trying to answer the question, “Why are slot hold percentages generally increasing” and have come to the conclusion that player preference for high-hold, low-denom games is a major factor. Finishing up a paper on the question, I thought I’d share some raw data: Between 2000 and 2003, the Gaming Control Board didn’t list
Penny slots most profitable in 09 Read More »
news about gamblingThis 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 gamblingThings 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 gamblingHere’s some breaking news: things don’t look so hot for 2010, at least if you’re in the casino business. From the LVRJ: The impact the recession had on the casino industry in 2009 has not been completely accounted for, but by all measures the year will go down as the worst on record. Through October,