Noticias de ultima
  • 12.00 Belgrade Future Gaming Show 2025: A successful showcase for Amatic Industries
  • 12.00 Betconstruct announces that the Ortak Future Confidence Conference will make its next stop in Peru
  • 12.00 Malta Gaming Authority Releases 2024 Annual Report and Financial Statements
  • 12.00 Digitain's Paydrom Receives PCI DSS Certification
  • 12.00 Macau government to revise its 2025 GGR
  • 12.00 Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas
  • 12.00 CT Gaming: Next and Diamond King 3 debuts in Golden Palace, Perú
  • 12.00 Win Systems' Gold Club Futura roulette wheel is already at Binbaires Ezeiza
  • 12.00 EEZE Expands Operations with New Central London Office
  • 12.00 Illinois Approves New Gaming Licenses Among Other Regulatory Measures
Gaming

Nevada casinos experience 11th straight month with revenue decline

Wednesday 03 de March 2021 / 08:13

2 minutos de lectura

(Nevada).- For Nevada casinos, the start of 2021 looked a lot like what they saw in 2020. Huge decreases in gaming revenue.

Nevada casinos experience 11th straight month with revenue decline

According to figures released by the Nevada Gaming Control Board, Silver State casinos saw a 26.58% drop in year-over-year gambling revenue with casinos winning $761.85 million from gamblers in January. It was the 11th straight month where casinos in Nevada reported a decline in revenue.

During the same time frame in 2020, casinos won more than $1 billion. The figures may be down year-over-year, but they were up from the $683.7 million Nevada casinos won in December.

The numbers reflect statewide revenue, but the majority of the loss came from Southern Nevada casinos, most notably those on the Las Vegas Strip. Those casinos were down 43.81% from a year ago after taking in $321.5 million in gross winnings. No other area in the state saw anything even close to that type of drop-off.

In February, Gov. Steve Sisolak announced that he was going to start relaxing restrictions on casinos and allow more people inside, but for January, casinos were bound by the previous mandates and the 25% operating capacity. Those restrictions coupled with the stagnant tourism industry were the most likely reason for the continued downtrend in casino winnings.

When comparing the year-over-year numbers, however, it’s not an apples-to-apples comparison since there were no restrictions on operators as the coronavirus had not taken hold in the United States yet. Nevada casinos, along with most other brick-and-mortar casino markets around the country, were closed in mid-March of last year. February will likely show another huge dropoff in revenue before comparisons begin to normalize.

Outside of Mesquite, all of Clark County saw steep declines in casino winnings. Downtown Las Vegas reported a 17.29% drop year-over-year, North Las Vegas casinos fell 20.9%, Laughlin dipped $27.5% and the Boulder Strip fell 7.9%.

Northern Nevada, on the other hand, doesn’t rely on tourism nearly as much as the southern portion of the state, which ended up with most of its casinos reporting an increase in revenue.

Reno was only up 1.86%, but Sparks reported a 5.74% rise and North Lake Tahoe casinos had a whopping 23.77% increase in revenue. Elko County reported a 25.9 percent year-over-year increase in revenue. South Lake Tahoe, a tourist destination, was down 11.46%.

With the banning of spectators, along with reduced capacity, table game revenue fell precipitously in January, falling 49.9 percent. But sports betting was thriving, according to Michael Lawton, a senior research analyst for the Gaming Control Board.

Lawton told the Las Vegas Review Journal that the total sports betting handle was up 28.8% to $646.5 million, with more than half of that coming on mobile apps.

Categoría:Gaming

Tags: Sin tags

País: United States

Event

SBC Summit Americas 2025

13 de May 2025

Redefining Innovation: Soft2Bet’s Market-Ready Tech and Experiential Advancements at SBC Summit Americas

(Fort Lauderdale, SoloAzar Exclusive).- In this Q&A, Slobodan Georgijevski, Soft2Bet Senior Sales Manager, highlighted innovation and presence of the firm at recent SBC Summit Americas, and shared a broader industry insight and evolution over the years.

Friday 06 Jun 2025 / 12:00

Belatra Games Unveils 'Cyber Gypsies' and AI-Driven Innovations at SBC Summit Americas 2025

(Fort Lauderdale, SoloAzar Exclusive).- At SBC Summit Americas 2025, Belatra Games took center stage with groundbreaking innovations, introducing its newest slot experience, Cyber Gypsies. Alongside this thrilling launch, it reinforced its commitment to AI, gamification, and player protection, setting a new standard for engaging and responsible gaming. But what makes these innovations stand out, and how is Belatra redefining industry trends? Let’s dive in.

Thursday 05 Jun 2025 / 12:00

Blokotech at SBC Summit Americas: Cutting-Edge Launches and New Features

(Fort Lauderdale, SoloAzar Exclusive).- In an exclusive interview with SoloAzar, Alberto Alfieri, Blokotech Co-Founder & Executive Chairman, discussed the innovations the company presented at SBC Summit Americas 2025 and how they address the industry's evolving needs, among other topics.

Monday 02 Jun 2025 / 12:00

SUSCRIBIRSE

Para suscribirse a nuestro newsletter, complete sus datos

Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.

PODCAST

MÁS CONTENIDO RELACIONADO