Nevada Casinos Up 7.8% to $944.3m in November

Nevada Casinos Up 7.8% to $944.3m in NovemberThe Nevada Gaming Control Board has released its casino results for November, revealing a solid 7.8% increase in revenues to $944.3 million, compared to the $876.2 million that was generated in the same month last year. The state subsequently collected $62 million by way of gambling taxes, a whopping 30% improvement year-over-year.
Without a doubt, Nevada’s slot machine operation proved the main jewel in the crown of its gambling industry, with statewide revenues totaling $596.4 million in November, higher by 13.2% y-o-y. On the other hand, baccarat, usually the game of choice for Asian businessmen, and often instrumental in determining the fate of monthly revenues, suffered a dramatic 14.3% fall in business from November 2014.
The majority of individual markets across Clark County also reported impressive increases in their revenues, with overall business rising by 8.4% compared to November last year. On the Las Vegas Strip, for instance, revenue jumped by 5.4% to $535.6 million, with baccarat down by 14.1% to $109.6 million, but with slots soaring by 15.2% to $265.1 million. Commenting on the results, Wells Fargo Securities analyst Cameron McKnight explained:
“Headline revenues [in the Las Vegas Strip] were in line with our expectations of low- to mid-single [digit] growth, impacted by difficult baccarat comparison from last year; tough operating calendar, with one less Saturday versus the same period last year; offset by timing of collections benefiting slot win and strong event calendar this year.”
Gaming revenue for the Las Vegas Strip now total $6.3 billion for the first eleven months of the year, an amount down by 2.3% compared to the same period of time in 2014. Downtown Las Vegas experienced even more impressive growth, with revenues up 25.2% to $53.7 million, including slots up 30.7%. Meanwhile, North Las Vegas saw its casino revenues jump by 22.9%, Laughlin by 3.1%, and the Boulder Strip by 21.5%, although Mesquite noted a 4.3% fall in revenues.
Nevada’s northern casino markets also enjoyed a positive month, with Washoe County up 3.4% to $61.3 million, Reno up 3.3% to $44.5 million, and South Lake Tahoe up 17.3% to $14.2 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