Monthly Archives: July 2016

Nevada casinos end fiscal year on up note

Nevada casinos closed out their fiscal year in fine fashion as baccarat gave a boost to June’s gaming revenue total.

Figures released Friday by the Nevada Gaming Control Board show statewide gaming revenue of $887.4m in June, a 6.8% gain from the same month last year. Las Vegas Strip casinos performed even better, rising 9.7% to $489m.

June’s gains were enough to push the 2016 fiscal year revenue total to $11.1b, up around 1% from fiscal 2015, which was itself down 1.5% from fiscal 2014’s total. However, the state still has a long way to go to surpass its all-time peak of $12.5b in 2007.

June’s gains were aided by a nearly one-third rise in baccarat revenue, although it wasn’t enough to unseat blackjack as the month’s top table earner, underscoring exactly how puny June 2015’s baccarat revenue had been. Blackjack revenue rose 2.5% to $83.4m while baccarat came in just under $77m.

Nevada casinos end fiscal year on up note

Nevada casinos closed out their fiscal year in fine fashion as baccarat gave a boost to June’s gaming revenue total.

Figures released Friday by the Nevada Gaming Control Board show statewide gaming revenue of $887.4m in June, a 6.8% gain from the same month last year. Las Vegas Strip casinos performed even better, rising 9.7% to $489m.

June’s gains were enough to push the 2016 fiscal year revenue total to $11.1b, up around 1% from fiscal 2015, which was itself down 1.5% from fiscal 2014’s total. However, the state still has a long way to go to surpass its all-time peak of $12.5b in 2007.

June’s gains were aided by a nearly one-third rise in baccarat revenue, although it wasn’t enough to unseat blackjack as the month’s top table earner, underscoring exactly how puny June 2015’s baccarat revenue had been. Blackjack revenue rose 2.5% to $83.4m while baccarat came in just under $77m.

PAGCOR revokes 124 eGames permits, won’t renew hundreds of others

The Philippine Amusement and Gaming Corp (PAGCOR) has begun shutting down its licensed online gambling operations in keeping with President Rodrigo Duterte’s orders.

On Friday, PAGCOR boss Andrea Domingo attended a media forum in the Clark Freeport Zone where she announced that her agency had revoked 124 eGames permits for regulatory violations. Domingo said the licenses of 302 eGames and 324 eBingo outlets wouldn’t be renewed and no further licenses would be issued.

Local media quoted Domingo saying the shutdown of PAGCOR’s eGames operations is expected to cost the state-owned agency big-time, as eGames contribute up to P9b (US $191m) to PAGCOR’s annual revenue. PAGCOR is the largest contributor to government revenue among all state-owned entities.

eGames venues contain digital terminals offering a variety of online gambling options, including casino, video poker and lottery games. The number of eGames outlets underwent rapid growth in recent years, quintupling to 12k since 2010.

Matt Damon “Interested” in Rounders 2 Story

Matt Damon is ready and willing to reprise his Rounders’ role and it seems the two writers behind the movie are also plotting a sequel. Talking to Rich Eisen earlier this week, Damon  explained that he still holds a soft spot for Rounders and he’d be interested in seeing how his character, Mike McDermott, would […]

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