Better Numbers From Nevada In April

Revenues up 5.4 percent y-o-y

There was more positive news from Nevada in April as revenues ended a two-month decline to come in 5.4 percent up on a year-on-year basis, with slot machine revenue up 6 percent at $601.5 million, contributing three-fourths of the $45.9 million increase.
The Nevada Gaming Control Board statistics released Friday show the state's land casinos won $897.9 million overall from slots, table games and baccarat – a welcome improvement after the declines in February and March (see previous InfoPowa reports).
NGCB analyst Mike Lawton noted that swings in baccarat did not cause the same damage as in preceding months, and in April delivered a 14.4 percent rise in amounts staked to $742.1 million, producing state-wide baccarat revenue up 5.6 percent to $95.5 million.
The Las Vegas Strip outperformed other centres, delivering the best April revenue numbers in the last seven years at $499 million – up 7.8 percent y-o-y, whilst downtown Las Vegas numbers were also positive, rising 12.5 percent to $49.6 million.
Blackjack revenues grew 12.9 percent to $81.8 million but poker revenue fell 3.2 percent to $8.5 million.
The state's sportsbooks produced disappointing results, down 14.3 percent to $7.9 million, with baseball betting the best with an improvement of 50 percent to $6.7 million based on a 7.16 percent hold. Racing revenues were down 7.7 percent at $3.4 million.
Better numbers are anticipated for the month of May, when the Mayweather-Pacquino fight brought large numbers of punters and fight fans to Las Vegas, hopefully boosting casino revenues.

Online Casino News Courtesy of Infopowa