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February Gambling Revenues in Nevada Went Up

Mar 31, 2016
Super Bowl betting boosted February gambling revenues in Nevada

SB50 betting boosted February gambling revenues in Nevada (Photo: youtube.com)

It seems that the leap year and Super Bowl wagering caused February gambling revenues in Nevada going up 8.1 percent.

February gambling revenues in Nevada totaled at $990 million, the Nevada Gaming Control Board reports. This sum is 8.1% more than the number from the same month last year. Football betting contributed 10% more. Partially because the NFL final was considerably later than in 2015, so the bettors and experts of gambling facts had a full week in February to place wagers.

 

Super Bowl date boosted February gambling revenues in Nevada

 

According to experts of gambling facts, the Super Bowl had a knock-on effect on other February gambling revenues in Nevada. Though football betting contributes only 1% for Nevada gambling revenues, and sports betting overall does 2%, the NFL final was an important actor in gambling in February.

Super Bowl wagering reached new heights in Vegas. Nevada sportsbooks registered a betting record for Peyton Manning’s final game in Santa Clara. $132.5 million was wagered on the big game. The final ended a 24-10 victory for the Denver Broncos against the Carolina Panthers. It wasn’t only an upset, but the low score also surprised many bettors and followers of sports scores news. So, it was a great day for sportsbooks.

February gambling revenues in Nevada regarding table games and slots also improved, by 8.3% and 7.8% respectively. And February brought positive gambling news for operators all around the state. The Las Vegas Strip registered a 7.3% growth to $570 million, while the downtown’s income raised by 17% to $51 million. Reno casinos reported a 6.9% improvement to $48 million with South Lake Tahoe February gambling revenues in Nevada also going up by 3.8% to $16 million.

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Super Bowl betting boosted February gambling revenues in Nevada

SB50 betting boosted February gambling revenues in Nevada (Photo: youtube.com)

It seems that the leap year and Super Bowl wagering caused February gambling revenues in Nevada going up 8.1 percent.

February gambling revenues in Nevada totaled at $990 million, the Nevada Gaming Control Board reports. This sum is 8.1% more than the number from the same month last year. Football betting contributed 10% more. Partially because the NFL final was considerably later than in 2015, so the bettors and experts of gambling facts had a full week in February to place wagers.

 

Super Bowl date boosted February gambling revenues in Nevada

 

According to experts of gambling facts, the Super Bowl had a knock-on effect on other February gambling revenues in Nevada. Though football betting contributes only 1% for Nevada gambling revenues, and sports betting overall does 2%, the NFL final was an important actor in gambling in February.

Super Bowl wagering reached new heights in Vegas. Nevada sportsbooks registered a betting record for Peyton Manning’s final game in Santa Clara. $132.5 million was wagered on the big game. The final ended a 24-10 victory for the Denver Broncos against the Carolina Panthers. It wasn’t only an upset, but the low score also surprised many bettors and followers of sports scores news. So, it was a great day for sportsbooks.

February gambling revenues in Nevada regarding table games and slots also improved, by 8.3% and 7.8% respectively. And February brought positive gambling news for operators all around the state. The Las Vegas Strip registered a 7.3% growth to $570 million, while the downtown’s income raised by 17% to $51 million. Reno casinos reported a 6.9% improvement to $48 million with South Lake Tahoe February gambling revenues in Nevada also going up by 3.8% to $16 million.

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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.

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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.

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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.

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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…

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FBI Agents Trick Betting Ring Members to Gather Evidence

Nov 01, 2014
FBI’s evidence against Paul Phua could be disregarded

FBI’s evidence against Paul Phua could be disregarded

After cutting off Internet access three Las Vegas luxury villas, FBI agents impersonated repair technicians to get inside and collect evidence.

Against the recommendation of an assistant U.S. attorney, Kimberly Frayn, the FBI went ahead with its plans and pretended to be repair technicians in order to get inside the villa. But lawyers representing four of the eight men charged in the case have filed a motion to dismiss all evidence collected that day. The prosecutor supposedly told FBI agents that “it was a consent issue.”

Under American laws, authorities need a warrant before searching a property, so defense lawyers challenged the actions described in detail by online gambling news, which were part of an investigation on an illegal sports betting operation.

If authorities don’t have the written permission, the person whose property is being inspected must first waive his constitutional protections against unreasonable searches. Otherwise, the evidence should not be used in trial, because it was improperly collected.

Fox News: Federal agents impersonated computer technicians to collect evidence in sports betting probe, lawyers say

FBI agents in Las Vegas had referred questions about their plan to the local US Attorney’s Office. Spokeswoman Natalie Collins said prosecutors were aware of the allegations, but declined to make any comments while the trial was pending.

According to American newspapers, the Drug Enforcement Administration set up a fake Facebook account, where it posted personal information and photos taken from the phone of a woman who had been arrested in a cocaine case. The idea was to trick her friends and associates into revealing incriminating information.

On another occasion, the FBI sent a fake news story to a suspect in a bomb-threat case, hoping he would click on the link thus allowing investigators to track down his location. The FBI had attributed the story to the Associated Press, causing the agency to react and describe the actions as “unacceptable”, claiming they undermined the publication’s credibility.

As for the gambling case, the criminal complaint revealed that the eight men came to the attention of authorities in June after requesting “an unusually large amount of electronics equipment and technical support” at their hotel. An electrical engineer working for the Las Vegas hotel said the equipment “appeared to be set up for an illegal gambling operation.”

FBI investigators tried to get into their apartment to gather evidence, but a former federal prosecutor, Mark Rasch, said the tactics they resorted will most likely not stand up in court. “Police are allowed to use a certain kind of subterfuge, but what they can’t do is create a certain kind of circumstance,” he said.

South China Morning Post: Dramatic FBI video shows how agents tricked their way into Paul Phua’s villa for gambling bust

Newspapers got their hands on 30 minutes of audio and video recordings of the FBI’s action plan to bust what appeared to be an illegal online betting operation in Las Vegas. The video was filmed through a lapel camera and shows how agents tricked their way into the villas where an alleged Asian gambling kingpin and his team were staying.

According to the defense, FBI agents shut off Internet access to Paul Phua Wei-seng’s villa at Caesars Palace, and then gained access to it by impersonating repair technicians. This is how authorities managed to collect the evidence used against the accused.

In the video obtained by the press, investigators are working on a set of code words to use while they were inside. One agent who adopted the name “Sam” – which he also used “for other stuff” in the past – is shown working on his cover story. The images briefly show another conversation about how investigators should dress.

“If you put on that shirt, you have to look the part. Go all the way,” said Mike Wood, a technician working for Caesars. He was advising Nevada Gaming Control Board Agent Ricardo Lopez before he entered one of the suites, on July 4. Lopez went back to the villa on July 5, when he pretended to fix an internet outage for several minutes.

Defense lawyer Thomas Goldstein described the operation as an “illegal search” and challenged the evidence in court.

CardsChat: Paul Phua Sports Betting Raid FBI Tactics Questioned by Legal Team

The FBI suspected that the eight men who rented villas at Caesars Palace were breaking the state’s gambling laws by running an unlicensed betting operation. Investigators spent two days working with the hotel’s computer contractor and the Nevada Gaming Control Board on shutting down their Internet access.

But they did not stop here. FBI agents impersonated repair staff to convince the customers to let them inside the apartments, and they even recorded what they found inside. The videos were the main evidence used to obtain the arrest warrant against the eight defendants.

Lawyers did not know how authorities had managed to get inside the suites until they overheard an official talk about cutting the Internet access. “They were trying everything they could to get inside without a warrant,” defense attorney Thomas Goldstein told reporters. Four out of the eight defendants have challenged the FBI’s actions in court.

Paul Phua and his son Darren were among those arrested. They were all charged with operating an illegal sports betting operation. Officials said Paul Phua is a high-ranking member of the 14K Triad, one of the world’s largest organized crime syndicates. Among gamblers, he is well-known for playing in high-stakes poker games in Macau, as well as in tournaments.

The poker community has supported the accused, and players Phil Ivey and Andrew Robl even offered $2.5 million towards Phua’s and his son’s bonds.

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FBI’s evidence against Paul Phua could be disregarded

FBI’s evidence against Paul Phua could be disregarded

After cutting off Internet access three Las Vegas luxury villas, FBI agents impersonated repair technicians to get inside and collect evidence.

Against the recommendation of an assistant U.S. attorney, Kimberly Frayn, the FBI went ahead with its plans and pretended to be repair technicians in order to get inside the villa. But lawyers representing four of the eight men charged in the case have filed a motion to dismiss all evidence collected that day. The prosecutor supposedly told FBI agents that “it was a consent issue.”

Under American laws, authorities need a warrant before searching a property, so defense lawyers challenged the actions described in detail by online gambling news, which were part of an investigation on an illegal sports betting operation.

If authorities don’t have the written permission, the person whose property is being inspected must first waive his constitutional protections against unreasonable searches. Otherwise, the evidence should not be used in trial, because it was improperly collected.

Fox News: Federal agents impersonated computer technicians to collect evidence in sports betting probe, lawyers say

FBI agents in Las Vegas had referred questions about their plan to the local US Attorney’s Office. Spokeswoman Natalie Collins said prosecutors were aware of the allegations, but declined to make any comments while the trial was pending.

According to American newspapers, the Drug Enforcement Administration set up a fake Facebook account, where it posted personal information and photos taken from the phone of a woman who had been arrested in a cocaine case. The idea was to trick her friends and associates into revealing incriminating information.

On another occasion, the FBI sent a fake news story to a suspect in a bomb-threat case, hoping he would click on the link thus allowing investigators to track down his location. The FBI had attributed the story to the Associated Press, causing the agency to react and describe the actions as “unacceptable”, claiming they undermined the publication’s credibility.

As for the gambling case, the criminal complaint revealed that the eight men came to the attention of authorities in June after requesting “an unusually large amount of electronics equipment and technical support” at their hotel. An electrical engineer working for the Las Vegas hotel said the equipment “appeared to be set up for an illegal gambling operation.”

FBI investigators tried to get into their apartment to gather evidence, but a former federal prosecutor, Mark Rasch, said the tactics they resorted will most likely not stand up in court. “Police are allowed to use a certain kind of subterfuge, but what they can’t do is create a certain kind of circumstance,” he said.

South China Morning Post: Dramatic FBI video shows how agents tricked their way into Paul Phua’s villa for gambling bust

Newspapers got their hands on 30 minutes of audio and video recordings of the FBI’s action plan to bust what appeared to be an illegal online betting operation in Las Vegas. The video was filmed through a lapel camera and shows how agents tricked their way into the villas where an alleged Asian gambling kingpin and his team were staying.

According to the defense, FBI agents shut off Internet access to Paul Phua Wei-seng’s villa at Caesars Palace, and then gained access to it by impersonating repair technicians. This is how authorities managed to collect the evidence used against the accused.

In the video obtained by the press, investigators are working on a set of code words to use while they were inside. One agent who adopted the name “Sam” – which he also used “for other stuff” in the past – is shown working on his cover story. The images briefly show another conversation about how investigators should dress.

“If you put on that shirt, you have to look the part. Go all the way,” said Mike Wood, a technician working for Caesars. He was advising Nevada Gaming Control Board Agent Ricardo Lopez before he entered one of the suites, on July 4. Lopez went back to the villa on July 5, when he pretended to fix an internet outage for several minutes.

Defense lawyer Thomas Goldstein described the operation as an “illegal search” and challenged the evidence in court.

CardsChat: Paul Phua Sports Betting Raid FBI Tactics Questioned by Legal Team

The FBI suspected that the eight men who rented villas at Caesars Palace were breaking the state’s gambling laws by running an unlicensed betting operation. Investigators spent two days working with the hotel’s computer contractor and the Nevada Gaming Control Board on shutting down their Internet access.

But they did not stop here. FBI agents impersonated repair staff to convince the customers to let them inside the apartments, and they even recorded what they found inside. The videos were the main evidence used to obtain the arrest warrant against the eight defendants.

Lawyers did not know how authorities had managed to get inside the suites until they overheard an official talk about cutting the Internet access. “They were trying everything they could to get inside without a warrant,” defense attorney Thomas Goldstein told reporters. Four out of the eight defendants have challenged the FBI’s actions in court.

Paul Phua and his son Darren were among those arrested. They were all charged with operating an illegal sports betting operation. Officials said Paul Phua is a high-ranking member of the 14K Triad, one of the world’s largest organized crime syndicates. Among gamblers, he is well-known for playing in high-stakes poker games in Macau, as well as in tournaments.

The poker community has supported the accused, and players Phil Ivey and Andrew Robl even offered $2.5 million towards Phua’s and his son’s bonds.

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Categories: Uncategorized | Uncategorized | Uncategorized | gambling