Nevada Casino Revenues Fall 1.5% in November

The Nevada Gaming Control Board has released its latest casino results for November, revealing a 1.5% fall in revenues to $930.4 million compared to the $944.3 million taken in the same month in 2015. Nevada subsequently collected $56 million by way of gambling taxes, marking a 3.5% decrease from November last year.
Despite the slight decline in revenues, Michael Lawton, senior research analyst for the Nevada Gaming Control Board, said that the overall direction that the state’s casino industry was heading is positive, explaining:
“The state was facing a difficult comparison. Last November, the state was up 7.8 percent. But the state has only recorded two decreases in the last six months. For the calendar year, the state is up 1.7 percent.”
Furthermore, Nevada’s casino market is 3.55% higher for the fiscal year so far, covering the period July 1st to November 30th, with revenues currently at $4.7 billion versus $4.6 billion for the same period in 2015.
In November, slot machines contributed $605.2m to the Silver State’s overall gambling revenues, representing a 1.5% year-on-year improvement compared to last November. Table games, on the other hand, generated $325.2m, representing a 6.5% fall from last November, with baccarat accounting for much of its losses.
Breaking the figures down, blackjack revenues rose 12.9% to $95.8m;  roulette soared by 38.9% to $33.6m, and craps increased 9.4% to $29.1m; while baccarat reported a 22.8% contraction in business to $84.8m. Other table game revenues include three-card poker down 15% to $10.2m; online poker down 0.6% to $8.9m; pai gow poker up 23.9% to $8.2m; and mini-baccarat down 1.2% to $7.3m. Commenting on the figures, Michael Lawton said:
“Without baccarat, the statewide total win would have increased 1.3 percent or $11.2 million. You tend to take it out to see what we do without it. And when you look at those metrics, you see that non-baccarat gaming win was up and slots were up as well.”
Around the state, the Las Vegas Strip saw its revenues fall by 3.5% to $517 million; Downtown Las Vegas was down 5.5% to $51 million; Reno was up 3% to $46 million; while South Lake Tahoe reported a 12.5% increase in revenues to $16 million.

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