Nevada Casino Revenue Falls A Further 0.66% in March

In March, Nevada casinos collected $912.2 million in revenue, which represented a decline of 0.66% over the same period last year.
Despite a 13% leap in revenue for February, casino results were once more back to their lack lustre levels in March, although the relatively small drop is being taken as a positive sign that Nevada’s casino decline may be finally levelling out.
Overall, the state’s table game wagers were up 10.6% to $2.5 billion while slots winnings had fallen 6.2% to $9.4 billion, resulting in a 6.8% increase in taxes collected by Nevada to $80 million, compared to March last year. 
Commenting on the results, chief of the control board’s tax and license division Frank Streshley, said:
“This is a positive, a little better than expected.” However, Streshley struck a cautionary note against anyone expecting a quick turnaround to Nevada’s woes by saying, “People keep using the term ‘at the bottom.’ I think we’re going to be bouncing along the bottom for quite awhile. We don’t see any reasons for major declines or major increases compared to last year’s figures.”
All told, the Las Vegas Strip collected $467.1 million in gaming revenue, up 2.40% from a year earlier, Laughlin casino revenue rose 2.47% to $52.8, Reno was up 4.59% to $48.3 million, South Lake Tahoe was up 7.15% to $21.1 million and Carson Valley rose 2.26% to $8.5 million. Posting a decline in revenue from a year earlier were North Las Vegas down 11.75% to $28.2 million, the Boulder Strip down 4.95% to $75.5 million, and Wendover down 3.41% to $14.9 million.
The state of Nevada has now posted a 3% increase in its revenue for the first quarter of 2010, and it is expected to receive a further boost to its coffers as the WSOP kicks off on May 28th and an army of fans and players descend upon Las Vegas for at least a six week period.
“It’s a good start,” Streshley said. “We’re still off back to where we were a few years ago, but the year has started off nicely.”

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this