Tag: Gaming Revenue
Las Vegas Gaming Revenue Falls as Tourism Rises
It may seem weird, but the plan to make Sin City a tourist destination is working. Las Vegas gaming revenue numbers have fallen from last year while the state’s tourism has been booming for the past three years. And while the figures are not alarming, they are interesting. First, let’s look at what the Silver State is famous for: Betting! The year on year Las Vegas gaming revenue fell in 2024, but it was only down about 1% from the year before. Profit from gaming on the Las Vegas Strip fell by over $88 million, with the most noticeable drop…
Nevada Gaming Revenue Drops Below $1 Billion
Gaming revenue in the state of Nevada fell below $1 billion for the first time this year when the April numbers came in at just over $936 million. Total revenue for the stats was down 1.8% from last year. Most of the states revenue is derived from slot machine play, which accounted for $658.8 million of the total gaming revenue. There was, however, a drop of nearly 6% in casino table games, card games and sports and race betting to just short of $278 million. Read more at iGaming Business.
Macau gaming revenue soared in April 2014
Reuters – Macau, the world’s casino capital, raked in 31.3 billion patacas ($3.92 billion) in gambling revenue in April thanks to strong spending by Chinese visitors keen to place their bets in the country’s only legal casino hub. Gambling revenue growth in Macau, a special administrative region like neighbouring Hong Kong, was up 10.6 percent in April, beating analyst estimates of 6-8 percent growth. A Portuguese colony until 1999, Macau earns the equivalent of Las Vegas’ annual haul in less than two months. Annual revenues reached a record $45 billion in 2013, elevating the tiny territory high above rival gaming…
These 13 states raked in $34B in gaming revenue
CNBC – Las Vegas is easily America’s city that is most synonymous with recreational risk-taking. Atlantic City, especially for those on the East Coast, has also long been known as a place to take a chance on blackjack or drop coins in a slot machine. But in truth, the United States is dotted with gambling havens from coast to coast. With tax rates up to 40 percent, these businesses can generate hundreds of millions in state revenues. We decided to look at the states with the most revenue from commercial gambling in 2012. Some of the 13 states that made…
Gaming Revenue Helps Keep Kids Safe
Canton Rep – What had been money in the pockets of betting men and women and became loot lost on the craps tables, slot machines and other games of chance at the Ohio’s four casinos has landed in the coffers of local public and charter school districts. What had been money in the pockets of betting men and women and became loot lost on the craps tables, slot machines and other games of chance at the Ohio’s four casinos has landed in the coffers of local public and charter school districts. The Ohio Department of Taxation distributed $47.3 million in…
Denmark Gaming Revenue Rises
The Gambling Authority has revealed that gross gaming Denmark gaming revenue increased from DKK2.045 billion (€273 million/$375 million) in 2012 to DKK2.375 billion in 2013 despite a sharp fall in online poker revenue. Full-year online poker revenue dropped from DKK220 million in 2012 to DKK195 million in 2013, but increases in all other metrics secured an overall increase in gross gaming revenue. SKAT said that betting revenue increased from DKK1.175 billion to DKK1.385 billion, while gambling on games shifted up from DKK870 million to DKK990 million. In the fourth quarter of 2013, through to December 31, betting increased from DKK355…