Find Gambling Results – Online Casino Guide | Latest Gambling News

 

Wagers Up But Nevada Gambling Results Down in October

Dec 01, 2015
dropping gambling revenues in las vegas

Is the house losing?

Though sportsbooks recorded the second largest amounts of wagers ever in October, overall Nevada Gambling Results fell back.

Though gamblers wagered more in October than a year ago, Nevada gambling results dropped when comparing to the same month last year, online gambling news report. Las Vegas casinos and other Nevada casino’s had a $887.6 million revenue, which is 2.9 percent shy to the October 2014 Nevada gambling results.

The Washington Times: Nevada gambling results drops to $887.6M in October

The Las Vegas Strip is amongst the biggest loosers with a drop that is over 5% and a revenue of $493.6 million. It is actually no surprise, since there is a tendency of players exploring other parts of the city than the Strip when it comes to gambling.

There was a 22% loss in baccarat revenues, and now it’s down to $79.1 million. This decline was also expected because of the China economic problems and therefore the decrease of Chinese players wagering in Las Vegas. Baccarat’s decline is responsible for the 84% of the drop in Nevada gambling results.

Players actually wagered more money on slot machines and table games in October 2015 than a year ago, $12.1 billion actually, which is 1.8% up, but casinos failed to capitalize on that, so the players were the winners of October.

Covers: October was the second biggest month ever for Nevada sports betting

Sportsbooks actually reported the second-highest wager total ever with $504.6 million in October. The record remains November 2014 with $535 million. October is usually a busy month for Las Vegas sportsbooks, with the the running football season, baseball playoffs and the start of the basketball and hockey seasons.

NFL and college football together contributed $397.8 million to the wagers and $23.6 million to sportsbooks winnings according to Nevada gambling results. Nevada betting operators had a 6.65 winning percentage in October, which is not a bad number at all, taking their revenues to $33.6 million.

Since the 2015 NFL season live sports results had a long list of upsets in November with record breaking revenues, outstanding numbers are expected when the November 2015 Nevada gambling results will be published.

RECOMMENDED ONLINE SPORTSBOOK Accepts US Players!
Bet with BovadaBet on more sports with Bovada!

Visit Bovada

  • 50% Signup Bonus
  • Parlay Payback
  • Prop of The Week Rewards
  • Weekly Racebook Rewards
  • Refer a Friend Bonus
  • Top Coverage of US Sports
TOP ONLINE SPORTS BETTING SITE
BetVictor sportsbookVisit BetVictor!

Visit BetVictor!

  • 100% Welcome Bonus
  • Back of the Net (free bet up to £25)
  • Aintree Grand National 2014: Non-Runner Free Bet
  • Live Streaming Games
  • Horse Racing - Best Odds Guaranteed
  • Horse Racing - Live Racing on Your PC
RECOMMENDED ONLINE GAMBLING SITE
Gamble online with Bodog!Experience Bodog Casino

Visit Bodog

  • Sportsbook / Casino / Poker Room
  • One account for all gambling
  • Robust casino software
  • Variety of progressive jackpots
  • Large poker network
  • Many sports betting options
RECOMMENDED ONLINE CASINO
Play at Royal Panda Casino!Visit Royal Panda Casino!

Visit Royal Panda Casino

  • 100% Max. €/$100 Bonus
  • Loyal Panda Points
  • Free Spins
  • Reload Bonuses
  • Progressive Jackpots
TOP ONLINE CASINO BONUS
Play at Spin Palace!Claim your bonus @ Spin Palace!

Get 2000% Bonus @ Spin Palace

  • 100% Max. $150 on 1st Deposit
  • Over 400 Casino Games
  • Sunday specials
  • 100% Max. $105 Anniversary Bonus
  • $1,000 Jackpot Bonus
RECOMMENDED CASINO
Betway Dragon's Myth £1000 bonus

Play and you could be the lucky winner!

dropping gambling revenues in las vegas

Is the house losing?

Though sportsbooks recorded the second largest amounts of wagers ever in October, overall Nevada Gambling Results fell back.

Though gamblers wagered more in October than a year ago, Nevada gambling results dropped when comparing to the same month last year, online gambling news report. Las Vegas casinos and other Nevada casino’s had a $887.6 million revenue, which is 2.9 percent shy to the October 2014 Nevada gambling results.

The Washington Times: Nevada gambling results drops to $887.6M in October

The Las Vegas Strip is amongst the biggest loosers with a drop that is over 5% and a revenue of $493.6 million. It is actually no surprise, since there is a tendency of players exploring other parts of the city than the Strip when it comes to gambling.

There was a 22% loss in baccarat revenues, and now it’s down to $79.1 million. This decline was also expected because of the China economic problems and therefore the decrease of Chinese players wagering in Las Vegas. Baccarat’s decline is responsible for the 84% of the drop in Nevada gambling results.

Players actually wagered more money on slot machines and table games in October 2015 than a year ago, $12.1 billion actually, which is 1.8% up, but casinos failed to capitalize on that, so the players were the winners of October.

Covers: October was the second biggest month ever for Nevada sports betting

Sportsbooks actually reported the second-highest wager total ever with $504.6 million in October. The record remains November 2014 with $535 million. October is usually a busy month for Las Vegas sportsbooks, with the the running football season, baseball playoffs and the start of the basketball and hockey seasons.

NFL and college football together contributed $397.8 million to the wagers and $23.6 million to sportsbooks winnings according to Nevada gambling results. Nevada betting operators had a 6.65 winning percentage in October, which is not a bad number at all, taking their revenues to $33.6 million.

Since the 2015 NFL season live sports results had a long list of upsets in November with record breaking revenues, outstanding numbers are expected when the November 2015 Nevada gambling results will be published.

RECOMMENDED ONLINE SPORTSBOOK Accepts US Players!
Bet with BovadaBet on more sports with Bovada!

Visit Bovada

  • 50% Signup Bonus
  • Parlay Payback
  • Prop of The Week Rewards
  • Weekly Racebook Rewards
  • Refer a Friend Bonus
  • Top Coverage of US Sports
TOP ONLINE SPORTS BETTING SITE
BetVictor sportsbookVisit BetVictor!

Visit BetVictor!

  • 100% Welcome Bonus
  • Back of the Net (free bet up to £25)
  • Aintree Grand National 2014: Non-Runner Free Bet
  • Live Streaming Games
  • Horse Racing - Best Odds Guaranteed
  • Horse Racing - Live Racing on Your PC
RECOMMENDED ONLINE GAMBLING SITE
Gamble online with Bodog!Experience Bodog Casino

Visit Bodog

  • Sportsbook / Casino / Poker Room
  • One account for all gambling
  • Robust casino software
  • Variety of progressive jackpots
  • Large poker network
  • Many sports betting options
RECOMMENDED ONLINE CASINO
Play at Royal Panda Casino!Visit Royal Panda Casino!

Visit Royal Panda Casino

  • 100% Max. €/$100 Bonus
  • Loyal Panda Points
  • Free Spins
  • Reload Bonuses
  • Progressive Jackpots
TOP ONLINE CASINO BONUS
Play at Spin Palace!Claim your bonus @ Spin Palace!

Get 2000% Bonus @ Spin Palace

  • 100% Max. $150 on 1st Deposit
  • Over 400 Casino Games
  • Sunday specials
  • 100% Max. $105 Anniversary Bonus
  • $1,000 Jackpot Bonus
RECOMMENDED CASINO
Betway Dragon's Myth £1000 bonus

Play and you could be the lucky winner!


Categories: Uncategorized
 
 

Another Drop in Nevada Gaming Revenues

Oct 05, 2015
Nevada gaming revenues on the decline Las Vegas blackout

Nevada gaming revenues decline, but it’s early to turn off the lights yet (amairphoto)

According to the state’s Gaming Control Board, Nevada gaming revenues fell in August, for the third month in a row.

Though Nevada gaming revenues still maintain an overall 1% increase comparing to last year, the results of 2015 June, July and August show a drop from the 2014 numbers. Certain areas of Las Vegas, namely the Strip, obviously has a problem, while other parts of the state produced a considerable growth.

According to online gambling news, issues related to baccarat are the main reasons behind the decrease in Nevada gaming revenues. The Strip had a 4.7% drop in August, while Nevada gaming revenues in total declined 1.4% comparing to the same month in 2014.

Baccarat along the Strip had a 16% decline in August comparing to the corresponding month last year. Gaming analysts Steven Wieczynski argued that this fall is due to the economic problems in China, causing Chinese players losing willingness to wager on baccarat. He said, “At this point, given the swirling macroeconomic uncertainties in China, we expect the Strip baccarat business to remain under pressure indefinitely.”

According to the numbers and gambling facts, slot players started to take over the Las Vegas Strip. While slot revenues grew in the area by 12%, table games declined 16%. It seems that many customers of casino table games rather visit the downtown casinos instead, where overall casino revenue produced a 15% growth.

Las Vegas Review-Journal: Gaming revenue tumbles in Nevada, on Strip for third straight month

 
North Las Vegas and the Boulder Strip also reported considerable increase, 21% and 30% respectively, contributing to the overall picture of Nevada gaming revenues, that is on almost 1% increase in 2015. Meanwhile Strip casinos reported a nearly 2% decline for this calendar year.

Cameron McKnight, gaming analyst for Wells Fargo Securities suggested that young people rather visit the Strip for partying than for gambling during these months. He said, “We note that the summer is skewed toward the leisure segment. In our view, the softness in gaming volumes is reflective of the current leisure customer increasingly younger, international and nightlife-oriented versus gaming focused.”

Nevada gaming revenues dropping Tao Beach party

Nevada gaming revenues may be dropping, but the Vegas party is just getting started!

Nevada gaming revenues obviously do not include accommodation, clothing, food and drink incomes, which are major contributors for properties located in the area. Las Vegas is slowly becoming more of a party destination than a gambling capital.

Gambling is still big in the area, and it will be until US gambling laws in other states legalize the business. However, there are less and less gamblers in the younger generations who are attached to land-based casino gambling. They rather go to online poker rooms or online casinos for a gambling experience, not to mention online sports betting sites and now there are the daily fantasy sites as well.

Just check out Bovada Casino, if you’d like to know what a top US online casino looks like! After that, maybe you won’t plan to go to Las Vegas anymore to play your favourite casinos games either. What happens in Vegas, stays in Vegas, but this doesn’t mean that there is no legal online gambling outside Vegas…

RECOMMENDED ONLINE CASINO
Play at Royal Panda Casino!Visit Royal Panda Casino!

Visit Royal Panda Casino

  • 100% Max. €/$100 Bonus
  • Loyal Panda Points
  • Free Spins
  • Reload Bonuses
  • Progressive Jackpots
TOP ONLINE CASINO BONUS
Play at Spin Palace!Claim your bonus @ Spin Palace!

Get 2000% Bonus @ Spin Palace

  • 100% Max. $150 on 1st Deposit
  • Over 400 Casino Games
  • Sunday specials
  • 100% Max. $105 Anniversary Bonus
  • $1,000 Jackpot Bonus
Nevada gaming revenues on the decline Las Vegas blackout

Nevada gaming revenues decline, but it’s early to turn off the lights yet (amairphoto)

According to the state’s Gaming Control Board, Nevada gaming revenues fell in August, for the third month in a row.

Though Nevada gaming revenues still maintain an overall 1% increase comparing to last year, the results of 2015 June, July and August show a drop from the 2014 numbers. Certain areas of Las Vegas, namely the Strip, obviously has a problem, while other parts of the state produced a considerable growth.

According to online gambling news, issues related to baccarat are the main reasons behind the decrease in Nevada gaming revenues. The Strip had a 4.7% drop in August, while Nevada gaming revenues in total declined 1.4% comparing to the same month in 2014.

Baccarat along the Strip had a 16% decline in August comparing to the corresponding month last year. Gaming analysts Steven Wieczynski argued that this fall is due to the economic problems in China, causing Chinese players losing willingness to wager on baccarat. He said, “At this point, given the swirling macroeconomic uncertainties in China, we expect the Strip baccarat business to remain under pressure indefinitely.”

According to the numbers and gambling facts, slot players started to take over the Las Vegas Strip. While slot revenues grew in the area by 12%, table games declined 16%. It seems that many customers of casino table games rather visit the downtown casinos instead, where overall casino revenue produced a 15% growth.

Las Vegas Review-Journal: Gaming revenue tumbles in Nevada, on Strip for third straight month

 
North Las Vegas and the Boulder Strip also reported considerable increase, 21% and 30% respectively, contributing to the overall picture of Nevada gaming revenues, that is on almost 1% increase in 2015. Meanwhile Strip casinos reported a nearly 2% decline for this calendar year.

Cameron McKnight, gaming analyst for Wells Fargo Securities suggested that young people rather visit the Strip for partying than for gambling during these months. He said, “We note that the summer is skewed toward the leisure segment. In our view, the softness in gaming volumes is reflective of the current leisure customer increasingly younger, international and nightlife-oriented versus gaming focused.”

Nevada gaming revenues dropping Tao Beach party

Nevada gaming revenues may be dropping, but the Vegas party is just getting started!

Nevada gaming revenues obviously do not include accommodation, clothing, food and drink incomes, which are major contributors for properties located in the area. Las Vegas is slowly becoming more of a party destination than a gambling capital.

Gambling is still big in the area, and it will be until US gambling laws in other states legalize the business. However, there are less and less gamblers in the younger generations who are attached to land-based casino gambling. They rather go to online poker rooms or online casinos for a gambling experience, not to mention online sports betting sites and now there are the daily fantasy sites as well.

Just check out Bovada Casino, if you’d like to know what a top US online casino looks like! After that, maybe you won’t plan to go to Las Vegas anymore to play your favourite casinos games either. What happens in Vegas, stays in Vegas, but this doesn’t mean that there is no legal online gambling outside Vegas…

RECOMMENDED ONLINE CASINO
Play at Royal Panda Casino!Visit Royal Panda Casino!

Visit Royal Panda Casino

  • 100% Max. €/$100 Bonus
  • Loyal Panda Points
  • Free Spins
  • Reload Bonuses
  • Progressive Jackpots
TOP ONLINE CASINO BONUS
Play at Spin Palace!Claim your bonus @ Spin Palace!

Get 2000% Bonus @ Spin Palace

  • 100% Max. $150 on 1st Deposit
  • Over 400 Casino Games
  • Sunday specials
  • 100% Max. $105 Anniversary Bonus
  • $1,000 Jackpot Bonus

Categories: Uncategorized | Uncategorized