Nevada Gambling In May Topped A Billion Dollars

Revenues rise 3.3 percent year-on-year

Despite the closure of the Riviera Hotel and Casino at the beginning of the month, Nevada land gambling operations continued to prosper in May, with revenues rising 3.3 percent y-o-y to over a billion dollars, according to figures released by the Nevada Gaming Control Board.
With the Paquino-Mayweather fight bringing crowds to Las Vegas, casinos on the Strip won $601,2 million, a 1.4 percent improvement on the comparative period in 2014 that could have been higher at 5.5 percent, but for baccarat's 36 percent decline.
Excluding baccarat, underlying gaming revenues in Las Vegas were up 16.6 percent for the month.
Downtown Las Vegas and North Las Vegas casinos saw the biggest percentage increases at about 15 percent each.
The state tax coffers benefited by $62.8 million… a rise of 14 percent.
UBS analyst Robin Farley said that Q2-2015 Las Vegas results are now likely to be up 4.2 percent.

Online Casino News Courtesy of Infopowa

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The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

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