Win Streak Casino – FILE – People play roulette at the Mohegan Sun Casino at the Virgin Hotel in Las Vegas on March 25, 2021. Nevada casinos continued their hot December, with casino bonuses reaching or exceeding $1 billion for the 10th consecutive month and ending the year with a record $13.4 billion. A report released Thursday, January 27, 2022 by the Nevada Gaming Control Board provides more evidence that the gaming industry is recovering from the 2020 coronavirus shutdown. (AP Photo/John Locher, File)
LAS VEGAS (AP) – Nevada casinos continued their hot December, with casino bonuses at $1 billion or more for the 10th straight month and a record $13.4 billion.
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A report released Thursday by the Nevada Gaming Control Board offers more evidence that the gaming industry is recovering after the 2020 coronavirus shutdown.
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Casino bonuses are up a healthy 11.6% in 2021, compared to a pre-pandemic $12 billion in 2019.
“This set an all-time record for gaming winnings, surpassing the previous record of $12.8 billion set in 2007,” said Michael Lawton, the board’s senior analyst.
He pointed to the rollout of a coronavirus vaccine to remove capacity constraints at casinos and “healthy consumer savings from a continued pick-up in stimulus spending and leisure travel” for driving strong demand for gambling.
Lawton pointed to the return of New Year’s Eve events on the Strip this year, and said special events and entertainment also contributed to the casino’s bonus results.
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In a separate report, the Las Vegas Convention and Visitors Bureau projected visitor numbers to be around 32 million in 2021, down 24 percent from 2019’s 42 million.
“We are pleased to see positive developments in our visitor numbers during a challenging year for the travel industry,” said Lori Nelson-Kroft, the authority’s senior vice president for communications express.
The report comes a day after the rebranded Halleyrid International Airport handled 39.7 million passengers last year, up sharply in 2020, but down 21% from 2019’s record 50.5 million arrivals and departures. %.
Statewide casino bonuses were up nearly 9 percent in December compared to the same month in 2019, Lawton noted.
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Looking at monthly figures, casinos won $1.15 billion statewide in December. Properties on the Las Vegas Strip posted a profit of $651 million compared to $592 million in December 2019 before the pandemic hit.
A year-end report shows that casino bonuses have grown an average of 4.8 percent over the past 10 years. Slot machine winnings increased by an average of 5.5%, while table games increased by an average of 3.4%. Wildfire Casino’s slot machines open this Friday, Wednesday, February 8, 2023, in downtown Las Vegas. (Chase Stevens/Las Vegas Review-Journal) @csstevensfoto
Casino gaming wins in Clark County in April ended an 11-month streak of winning $1 billion or more in prize money, the Nevada Gaming Control Board reported Wednesday, but the state still had the best April 4 on record. It won a record $1.16 billion. Gamblers per month.
Nevada recorded just five $1 billion gaming prizes in April, three of which occurred since April 2021.
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Reporting on the March figures, Control Council senior economic analyst Michael Lawton warned that gaming bonuses – the amount collected from players at the state’s major licensed casinos – will face tougher comparisons throughout 2023, as casinos remain the best performers or second best performers. 12 months history from March 2022 in 2023.
While some submarkets monitored by the control board were weak — the Lake Tahoe market was down double-digit percent in April — others also saw double-digit percent gains, including downtown Las Vegas, which rose 10.6 percent to $74.5 million. month
Clark County’s 11-month winning streak ended at more than $1 billion, with its 219 licensees earning $995 million, up 3.6 percent from April 2022.
But strong showings in the Las Vegas Strip, Downtown Las Vegas, Boulder Strip and Sparks boosted home prices in the state by 2.8 percent compared to April 2022.
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Lawton said the big gains downtown were due to the timing of the collection. Winning totals at South Lake Tahoe were also affected by collection time, with winnings down 1 percent while retention falling from 7.6 percent to 5.3 percent. The market has declined for three months in a row as cold weather drove away some customers.
Sparks is still opening new casinos in Legends Bay, a trend Lawton expects to continue for the rest of the year.
In Lake Tahoe, the North Shore’s success is due to one less casino on the decline. The nearly 80-year-old Tahoe Biltmore in northern Nevada will close its doors in April 2022. As a result, the number of licensees in the market has decreased from five to four as the gaming win rates have declined for seven consecutive months.
But overall, Lawton said, most gaming markets performed better than expected. Compared to the first four months of 2022, the first four months of 2023 will see a 10.4 percent increase in downtown wins, a 10.7 percent increase in Las Vegas Strip wins, and a 6.6 percent increase in state wins.
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“Winn continued to grow statewide on the Las Vegas Strip, with winnings across the state excluding the Strip by $5,000 and Clark County (excluding Las Vegas), Lawton said. The Las Vegas Strip alone saw a 1% increase in winnings, or $3.3 million.”
“Nevada’s gaming wins continue to surpass pre-pandemic levels this month,” he added. “This month marks the state’s 26th consecutive month of $1 billion in monthly gaming winnings.”
Lawton said the reason for the Strip’s success is no different than in previous months — a solid special events calendar.
He noted that the Red Hot Chili Peppers played Allegiant Stadium on April 1, while Maroon 5 and Usher’s residencies played multiple shows at Park MGM in April. , the National Association of Broadcasters held a major meeting at the Las Vegas Convention Center midway through. April In addition, T-Mobile Arena hosted a lightweight boxing match featuring Gervonta Davis and Ryan Garcia, the game that began the Vegas Golden Knights’ April win over the Winnipeg Jets as they began competing for the Stanley Cup.
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Slot machine winnings rose 4.2 percent to $837.9 million, while coin-op winnings rose 1.9 percent to $12.0 billion. Slot machine win rates have increased from 6.8% in April 2022 to 7% this year.
Winnings at Nevada sportsbooks are up 27.8 percent this year to $32.4 million and wagering is up 2.7 percent to $598 million. Casino ownership was 5.4 percent compared to 4.4 percent last year. Mobile betting totaled $395.2 million, down 7% from last year, and accounted for 66.1% of all sports betting.
Baccarat winnings fell 14.8 percent to $44.1 million, an 11 percent drop in total to $620.9 million. Ownership dropped to 7.1% from 9.3% a year ago.
Other table game winnings fell just 0.8 percent to $321.8 million, while declines rose 2.4 percent to $2.7 billion. Game retention was 12.1 percent compared to 12.5 percent a year ago.
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“In April, gross GGR on the Las Vegas Strip was $625 million, up 30% from 2019 levels, and Las Vegas local GGR was $232 million, up 12% from the same period in 2019 statewide (Las Vegas Strip, LV Locals, Reno, Tahoe, etc.) Gaming revenue was $1.16 billion, up 24% from 2019,” Grieve said in a note to investors on Wednesday.
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Complaints about compliance issues at the Crystal Bay and Spring Creek properties led to fines for two small gaming operators.
Two pools at a Las Vegas Strip resort have been closed for nearly a week after the Southern Nevada Health District found water chemistry and lifeguard violations.
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The mission of the International Gaming Standards Association committee is to help gaming operators and regulators use data to assess problem gambling.
The updated Million-Dollar Showcase now includes new backgrounds and an automated process that lets you send souvenir photos to your email address or phone.
Soo Kim, chairman of Bally’s Corp, said the redevelopment of the Tropicana property was long overdue. The company is keen to start this program as soon as possible.
In the early hours of the morning, the casino caught fire, destroying the entire building and displacing employees, many of whom are still missing.
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William Hill Nevada’s Caesars Sportsbook mobile betting app went offline Wednesday to be upgraded to the new and improved Caesars Nevada Sportsbook App.
Fontainebleau Las Vegas has tapped a former general manager from Station Casinos to lead the long-awaited strip resort that opens in December.
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