Gambling revenue in the great gambling state of Nevada has been all over the place over the last couple of months, but most notably in the gutter relative to the past. I bit of hope has once again been pumped into the system in that February gambling resulted in revenue gains being in the double digits.

The Associated Press: Nevada casino winnings jump 14 percent in February

According to casino regulators, special events in February attracted gamblers to the Las Vegas Strip and helped push statewide gambling winnings up almost 14%. The Gaming Control Board said casinos’ winnings went up to $946.6 million, compared with last year’s $831 million.

The increase was driven by the Strip, where casinos won around $568 million. It’s the largest increase in casino wins on the Strip since November 1999. February’s statewide posting is the largest monthly casino win increase since December 2006 and the first double-digit increase since July 2007. Las Vegas Strip casinos account for roughly 50 percent of statewide gambling revenues.

Casinos in northern Nevada’s Washoe County reported winning $60.9 million, up 2.7 percent for the first monthly increase in 32 months, Streshley said. In Reno, the $43.9 million was an increase of 4 percent.

Reuters: Casino shares up as Nevada gaming revenues rise

MGM Mirage and other casino operators’ shares shot above their year highs on Thursday after Nevada posted a double-digit percentage increase in gaming revenues for February.

On Thursday, The Nevada Gaming Control Board announced that total gaming revenues were up to $946.6 million in February, up 13.9% from the same month a year ago. Gaming revenues on the Las Vegas Strip came to nearly $568 million for the month, up 32.9% from the year earlier.

In a note to clients J.P. Morgan analyst, Joseph Greff, said:”We think results were helped by the timing of Chinese New Year,” which was celebrated in February this year as opposed to January for last year.

MGM Mirage shares were up 8.8 percent to $14.53, above their previous 52-week high of $14.25. Rival Las Vegas Sands gained 5.9 percent to $24.29 and Wynn Resorts shares were up 5.4 percent to $86.04.

Bloomberg Business Week: Las Vegas Strip Casino Revenue Soared 33% in February

Las Vegas Strip gambling revenue jumped 33% in February as baccarat play by Chinese New Year’s revelers boosted winnings. Strip revenue hit $568 million from $427.4 million in 2009 according to Nevada’s Gaming Control Board.

All Nevada’s casino revenue climbed 14% to $946.6 million. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, grew 16% to $827.8 million. The Chinese New Year is an important event in Las Vegas because visitors stay longer and spend more than average.

MGM Mirage jumped $1.38, or 10%, to $14.73 at 4:15 p.m. in the New York Stock Exchange composite trading, the biggest advance since September. Las Vegas Sands gained $1.30, or 5.7%, to $24.23. Wynn Resorts Ltd. added $4.57, or 5.6%, to $86.23 on the Nasdaq.

Gambling revenue in the great gambling state of Nevada has been all over the place over the last couple of months, but most notably in the gutter relative to the past. I bit of hope has once again been pumped into the system in that February gambling resulted in revenue gains being in the double digits.

The Associated Press: Nevada casino winnings jump 14 percent in February

According to casino regulators, special events in February attracted gamblers to the Las Vegas Strip and helped push statewide gambling winnings up almost 14%. The Gaming Control Board said casinos’ winnings went up to $946.6 million, compared with last year’s $831 million.

The increase was driven by the Strip, where casinos won around $568 million. It’s the largest increase in casino wins on the Strip since November 1999. February’s statewide posting is the largest monthly casino win increase since December 2006 and the first double-digit increase since July 2007. Las Vegas Strip casinos account for roughly 50 percent of statewide gambling revenues.

Casinos in northern Nevada’s Washoe County reported winning $60.9 million, up 2.7 percent for the first monthly increase in 32 months, Streshley said. In Reno, the $43.9 million was an increase of 4 percent.

Reuters: Casino shares up as Nevada gaming revenues rise

MGM Mirage and other casino operators’ shares shot above their year highs on Thursday after Nevada posted a double-digit percentage increase in gaming revenues for February.

On Thursday, The Nevada Gaming Control Board announced that total gaming revenues were up to $946.6 million in February, up 13.9% from the same month a year ago. Gaming revenues on the Las Vegas Strip came to nearly $568 million for the month, up 32.9% from the year earlier.

In a note to clients J.P. Morgan analyst, Joseph Greff, said:”We think results were helped by the timing of Chinese New Year,” which was celebrated in February this year as opposed to January for last year.

MGM Mirage shares were up 8.8 percent to $14.53, above their previous 52-week high of $14.25. Rival Las Vegas Sands gained 5.9 percent to $24.29 and Wynn Resorts shares were up 5.4 percent to $86.04.

Bloomberg Business Week: Las Vegas Strip Casino Revenue Soared 33% in February

Las Vegas Strip gambling revenue jumped 33% in February as baccarat play by Chinese New Year’s revelers boosted winnings. Strip revenue hit $568 million from $427.4 million in 2009 according to Nevada’s Gaming Control Board.

All Nevada’s casino revenue climbed 14% to $946.6 million. Monthly proceeds for Clark County, which includes downtown Las Vegas as well as the Strip, grew 16% to $827.8 million. The Chinese New Year is an important event in Las Vegas because visitors stay longer and spend more than average.

MGM Mirage jumped $1.38, or 10%, to $14.73 at 4:15 p.m. in the New York Stock Exchange composite trading, the biggest advance since September. Las Vegas Sands gained $1.30, or 5.7%, to $24.23. Wynn Resorts Ltd. added $4.57, or 5.6%, to $86.23 on the Nasdaq.

Singapore has issued a license to Resorts World Sentosa, which will put into operation the country’s first casino. Singapore is hoping to broaden its financial horizons with this project and is looking forward to being a popular tourist destination. So far, all seems to be going according to plan.

The Business Times: Casino license puts spotlight on Genting

Investors will be devoting a lot of attention to Genting Singapore shares today, after Resorts World Sentosa (RWS) received a casino license from Singapore’s Casino Regulatory Authority, Saturday.

RWS gave a strong presentation, Friday even before the awards announcement. In fact, Genting stock gained as much as $0.10 in the afternoon, reaching an intraday high of $1.18. A whopping 275.96 million shares changed hands, making it Friday’s most heavily traded stock on. Genting was also the only gainer among 30 STI component stocks.

Four hotels and more than 20 restaurants and shops have opened at Sentosa’s integrated resort. RWS hasn’t indicated when the casino and the Universal Studios theme park would open. Market watchers are betting the casino will open for the Chinese New Year, which arrives this Sunday.

Bernama Business: Resorts World Sentosa Gets License To Run Casino

The new Resorts World Sentosa (RWS), Singapore’s first integrated resort with a casino, has received a license from the Singapore’s authorities to operate the casino. RWS chairman Tan Sri Lim Kok Thay said the award was made possible by the dedicated team, consultants, contractors and government officials, especially on the Casino Regulatory Authority, “which worked tirelessly to set up the regulatory framework within a very aggressive timeline”.

He did not mention when the already completed casino in the resort will start its business. The resort, which is located on Sentosa Island, opened its doors to the public last month with the launch of four of its six hotels including Hard Rock Hotel and Crockfords Tower.

RWS is still waiting for another license to operate the Universal Studio theme park in the resort, dubbed the biggest in Southeast Asia.

Bloomberg Business News: Singapore approves license for first casino

Resorts World Sentosa was issued a license Saturday to operate Singapore’s first casino, according to the city-state’s regulators. Approval was delayed after the Casino Regulatory Authority asked Resorts World for more information about the casino in December.

Resorts World was built by Malaysia’s Genting Bhd for 6.6 billion Singapore dollars ($5 billion). They declined to say when the casino would open. Officials previously stated that they planned to open it as soon as the government issued the license.

The 49-hectare resort opened 1,340 rooms in four hotels last month. They plan to open a Universal Studios theme park by March. The resort is on an island a quarter of a mile (about half a kilometer) off Singapore’s coast.

Singapore has issued a license to Resorts World Sentosa, which will put into operation the country’s first casino. Singapore is hoping to broaden its financial horizons with this project and is looking forward to being a popular tourist destination. So far, all seems to be going according to plan.

The Business Times: Casino license puts spotlight on Genting

Investors will be devoting a lot of attention to Genting Singapore shares today, after Resorts World Sentosa (RWS) received a casino license from Singapore’s Casino Regulatory Authority, Saturday.

RWS gave a strong presentation, Friday even before the awards announcement. In fact, Genting stock gained as much as $0.10 in the afternoon, reaching an intraday high of $1.18. A whopping 275.96 million shares changed hands, making it Friday’s most heavily traded stock on. Genting was also the only gainer among 30 STI component stocks.

Four hotels and more than 20 restaurants and shops have opened at Sentosa’s integrated resort. RWS hasn’t indicated when the casino and the Universal Studios theme park would open. Market watchers are betting the casino will open for the Chinese New Year, which arrives this Sunday.

Bernama Business: Resorts World Sentosa Gets License To Run Casino

The new Resorts World Sentosa (RWS), Singapore’s first integrated resort with a casino, has received a license from the Singapore’s authorities to operate the casino. RWS chairman Tan Sri Lim Kok Thay said the award was made possible by the dedicated team, consultants, contractors and government officials, especially on the Casino Regulatory Authority, “which worked tirelessly to set up the regulatory framework within a very aggressive timeline”.

He did not mention when the already completed casino in the resort will start its business. The resort, which is located on Sentosa Island, opened its doors to the public last month with the launch of four of its six hotels including Hard Rock Hotel and Crockfords Tower.

RWS is still waiting for another license to operate the Universal Studio theme park in the resort, dubbed the biggest in Southeast Asia.

Bloomberg Business News: Singapore approves license for first casino

Resorts World Sentosa was issued a license Saturday to operate Singapore’s first casino, according to the city-state’s regulators. Approval was delayed after the Casino Regulatory Authority asked Resorts World for more information about the casino in December.

Resorts World was built by Malaysia’s Genting Bhd for 6.6 billion Singapore dollars ($5 billion). They declined to say when the casino would open. Officials previously stated that they planned to open it as soon as the government issued the license.

The 49-hectare resort opened 1,340 rooms in four hotels last month. They plan to open a Universal Studios theme park by March. The resort is on an island a quarter of a mile (about half a kilometer) off Singapore’s coast.