\nNevada casinos went into February facing a comparison to the state\u2019s largest gaming revenue month in almost five years and a baccarat revenue month that was an all-time record.<\/p>\n
\tSo the state\u2019s 13.7 gaming revenue decline wasn\u2019t too much of a surprise.<\/p>\n
\tHigh-end baccarat players, lured to Las Vegas by the Chinese New Year holiday, had a run of good luck at the tables.<\/p>\n
\tThe Gaming Control Board said Friday that February results also included $824,000 from online poker, marking the first time the state has broken out the revenue figures. There are three online poker sites accepting real-money wagers from gamblers playing inside state borders.<\/p>\n
\t\u201cIt\u2019s in its infancy,\u201d Control Board Senior Research analyst Michael Lawton said of the state\u2019s online poker business. \u201cWe\u2019ll see what happens.\u201d<\/p>\n
\tIn the 10 months since the first website went live, online poker has contributed $8.5 million in gaming revenue.<\/p>\n
\tStatewide, gaming revenue was $926 million compared to $1.073 billion in February 2013. On the Strip, gaming revenues were $555.7 million, a 20.2 percent decline compared with $696.1 million in 2013.<\/p>\n
\tBaccarat play was the contributing factor in the decline.<\/p>\n
\tCasinos collected $158 million from baccarat, a decline of 40 percent compared to the all-time record of $263.8 million in February 2013. The amount wagered on baccarat was $1.3 billion, a decline of 19.1 percent. The hold percentage \u2014 the percentage amount casinos won versus what players collected \u2014 was 12.3 percent, compared with 16.6 percent last.<\/p>\n
\tRevenue figures also declined in all other table games.<\/p>\n
\t\u201cAll in all, it was a good revenue month,\u201d Lawton said. \u201cBut it was just a tough comparison.\u201d<\/p>\n
\tClark County as a whole saw gaming revenue decline 15.2 percent. Laughlin, down 5 percent, and the Boulder Strip, off 9 percent, had the only down months of the county\u2019s reporting areas. Downtown casinos and North Las Vegas saw gaming revenue increase 3 percent each.<\/p>\n
\tFebruary was the second straight monthly decrease, following January\u2019s 2.76 percent decline.<\/p>\n
\tThe month also included $19.67 million in revenue casinos collected from Super Bowl wagering, a previously reported record.<\/p>\n
\tNevada collected $58.9 million in gaming taxes through March 25, based on February\u2019s revenues, a decline of 4.63 percent. For the first nine months of the fiscal year, gaming tax collections were off less than 1 percent.<\/p>\n
\tThis is a developing story. Check back for updates.<\/p>\n
No replies were posted for this topic.<\/p>\n","protected":false},"excerpt":{"rendered":"
Nevada casinos went into February facing a comparison to the state\u2019s largest gaming revenue month in almost five years and a baccarat revenue month that was an all-time record. So the state\u2019s 13.7 gaming revenue decline wasn\u2019t too much of…<\/p>\n","protected":false},"author":36,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-7157","post","type-post","status-publish","format-standard","hentry","category-latest-casino-news"],"_links":{"self":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/comments?post=7157"}],"version-history":[{"count":0,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/posts\/7157\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/media?parent=7157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/categories?post=7157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumarchives.tmsites.net\/index.php\/wp-json\/wp\/v2\/tags?post=7157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}