Gambling in the USA

Another Billion Dollar Month for Nevada Casinos

Published

2 years ago

March 4, 2022

Reading Time: 3 minutes

2022 got off to a great start for casinos in Nevada. The amount generated went through the $1 billion mark in January. It’s a continuation of the success seen in Nevada’s casinos over the past year.

It’s the 11^th month in a row that the land-based casinos in Nevada have been at least $1 billion. The figure for the first month of 2022 was $1.1 billion and that’s a massive rise compared to the figures recorded for January 2021. This kind of growth is expected to be seen globally in the next few years.

The Nevada casino figures for January 2022 are over 40% more than those recorded in January in the previous year. On that occasion, the figures were an impressive $762 million but those results would probably be considered rather disappointing now.

Of course, at that time last year, the pandemic was still causing major problems. It was better than in 2020 though when in March of that year, Las Vegas land-based casinos had to close. That hadn’t happened since 1963 when the funeral of President Kennedy was held.

This led to more players going online. Gambling on the internet continues to grow in popularity. If that’s what you wish to do, it is a good idea to read a US online casino guide

The main share of the casino revenue in Nevada came from Clark County. That’s not particularly surprising because that county includes Las Vegas. The county produced revenue of nearly $929 million, that’s around 84% of the total win for the month.

Looking deeper into the figures, over half of the casino revenue that was generated in January came from the Las Vegas Strip. That contains some of the most famous casinos in the world and gamblers are now making their way to the Strip hoping to come away with some big wins.

The figure for the Las Vegas strip in January 2022 was over $567 million. That’s a big increase in the amount recorded for the first month of the year in 2021. This year’s figure is approximately 76% higher than a year ago.

Other areas continue to be in the shade of the Las Vegas strip. The next highest was the Boulder Strip which recorded revenue of $85 million. That’s followed by Downtown Las Vegas on $67.7 million and Reno with $52.3 million.

February saw the attendance levels at casinos increasing. It’s a famous place to go and get married and last month saw Las Vegas issue its five-millionth marriage license. At least now, those getting married were also able to celebrate in the land-based casinos.

January 2022 saw 2.474 million visitors to Las Vegas with hotel occupancy at 53.9%. You can see therefore while the revenue figures are so good. That number of visitors was up 91.2% up from January last year. There was still some way to fully recover though as that figure was 27.5% down from January 2019.

The fact that the land-based casinos are doing so well isn’t just good news for their owners. It’s also excellent news for the state of Nevada. That’s because of the revenue that they receive from the casinos. Around $81.2 million has been received and that’s an increase of 75% (around $35 million) compared to 2021.

That’s the second-highest amount that the state has collected since August 2021. It’s the fourth-highest figure in the 2022 financial year, only beaten by the amounts collected in July, November, and June. The total percentage fee collections for the financial year are around $652 million. That’s an impressive figure that is up 35% on the previous financial year.

Recent months have seen the state of Nevada recovering from the Covid-19 pandemic. This has seen a gradual easing of the restrictions that were in place. For example, early February saw the Nevada Governor, Steve Sisolak publish an emergency directive.

This included the lifting of the state’s mask mandate. The Governor announced that face coverings would no longer need to be worn in public indoor settings. This was followed by the Nevada Gaming Control Board (NGCB) informing licensees that gaming establishments won’t have to make their patrons and staff wear face coverings.

The Governor tweeted that “We are at this point now because as Nevadans we always look out for one another – that’s our Battle Born spirit and that’s the Nevada way.”

There had been a relaxation of the state’s mask policy last year. However, a surge in the numbers being infected by Covid-19 saw more stringent rules put in place.

While the casino business has been making a great recovery, there were still some customers who felt uncomfortable having to gamble while wearing face coverings. Hopefully, the relaxation of the rules will ensure that the casinos enjoy even more success in 2022.

Related Topics:Gaming Control Board (NGCB) i land-based casinos in Nevada Las Vegas strip Nevada US online casino guide

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Gambling in the USA

Gaming Americas Weekly Roundup – July 15-21

Published

5 days ago

July 22, 2024

Niji Narayan

Reading Time: 2 minutes

Welcome to our weekly roundup of American gambling news again! Here, we are going through the weekly highlights of the American gambling industry which include the latest news and new partnerships. Read on and get updated.

Latest News

Instant Win Gaming (IWG), a leading supplier of eInstant games to NASPL and WLA-member lotteries, has congratulated the Pennsylvania Lottery on becoming the first in the US to launch eFastPlay, a new eInstants category offered by IWG. In Pennsylvania, the Lottery is branding this new category as EZ “eInstants”. The Lottery’s new EZ category broadens the appeal of its online programme to players who prefer a more simplified instant play experience.

Advanced Casino Solutions (ACS), a leader in targeted marketing and player engagement solutions for the gaming industry, announced a significant upgrade to its cutting-edge product, the Precision Insights & Engagement (PIE) platform. This enhancement further refines the capabilities of PIE, providing even more detailed insights into visitor behaviour and setting a new industry standard for data-driven marketing.

Relativity Acquisition Corp. announced that it has entered a letter of intent (LOI) providing for a proposed business combination (the Transaction) that will result in Relativity acquiring 100% of the outstanding equity and equity equivalents of Mazaii Corp Ltd. The Transaction values the Company at an initial enterprise value of $500 million.

Innovative Technology Americas Inc. has appointed Jeff Tash as its Business Development Manager for North America. Jeff will focus on the amusement and vending industries, identifying and generating new sales opportunities. Innovative Technology specialises in note handling equipment and age and identity verification technology.

A subsidiary of Betsson AB has obtained its first local licenses for the newly regulated market in Peru. The licenses cover online casino and sports betting for the Betsson and Betsafe brands. Further, licenses for the Inkabet brand are expected to be obtained soon.

The National Council on Problem Gambling (NCPG) has launched the Tribal Advisory Council. While NCPG has worked with Tribal gaming entities for many years, the formation of the Tribal Advisory Council represents a deeper level of collaboration to address matters of responsible gambling and problem gambling that are of importance to Native American communities.

Partnerships

Bally’s Twin River announced that it has partnered with nationally recognised Maverick Gaming to elevate the poker room experience and rebrand the poker area to the Bally’s Maverick Poker Room. The collaboration aims to create the ultimate poker experience for players of all levels, increase revenue generated by the Bally’s poker offering and create new jobs. Bally’s will continue to operate and manage the poker room which consists of approximately 23 tables, all located on the smoke-free second floor of the casino.

CT Interactive has launched its games on Juegalo.com, a prominent Chilean online casino brand. This partnership marks a significant step in CT Interactive’s strategic expansion within the Latin American market, extending the company’s footprint in Chile. The integration of CT Interactive’s diverse game portfolio on Juegalo.com offers players in Chile access to a wide range of high-quality, engaging and regulation-compliant gaming content.

Ontario Lottery and Gaming Corporation has entered into a partnership with the Canadian Olympic Committee and Canadian Paralympic Committee and has become the Official Ontario Lottery Partner of Team Canada for the upcoming Paris 2024 Olympic and Paralympic Games.

Gambling in the USA

Gaming Americas Weekly Roundup – July 8-14

Published

2 weeks ago

July 15, 2024

Niji Narayan

Reading Time: 2 minutes

Latest News

The CT Lottery has launched its iLottery platform. Players can participate in the fun of online lottery and their favourite draw games by visiting ctilottery.org or by downloading the CT Lottery mobile app on the iOS platform (Android app to follow next month). The app comes with exciting new features that allow players to personalise their lottery experience, such as saving favorite numbers and wagers, grouping preferred games for easy purchasing and setting limits for wagering and time spent on the app.

Talking Stick Resort, an enterprise of the Salt River Pima-Maricopa Indian Community (SRPMIC), announced that it was named “Best Casino” in azcentral.com’s 2024 Community Choice Awards. The casino-resort was nominated along with three other casino properties in the Valley by the public as part of the East Valley, Best of the Desert portion of the awards programme.

International Game Technology PLC announced that IGT PlayDigital recently added the highly anticipated Prosperity Link game to its iGaming content library in the US. This development makes the widely recognised casino game available for commercial iGaming operators in Pennsylvania, Michigan, New Jersey, Connecticut and West Virginia.

Raketech has announced that the Company has reached an agreement to divest its non-core US advisory business. The total sale proceeds amount to USD 2.25 million settled partially on closing and via an ongoing revenue share agreement.

Partnerships

NetBet Mexico and popular online gaming provider Octoplay have announced an agreement that will make Octoplay’s games available for NetBet Mexico customers to enjoy. Despite only being founded in 2022, Octoplay has rapidly established itself as an influential member of the iGaming industry, developing multiple entertaining and popular slots such as Lollicat, Eternal Clash and Shaolin Panda Chaos Reels – which are among the flagship new Octoplay titles being made available to NetBet Mexico customers.

SCCG Management, a leading global advisory firm in the gaming industry, has announced a sponsorship partnership with Blurify, an award-winning expert in software development with a niche focus on the iGaming sector. This collaboration aims to leverage SCCG’s extensive client partner ecosystem and deep market insights with Blurify’s technological expertise to explore new opportunities and drive innovation in the gaming industry.

International Game Technology PLC has announced that its subsidiary, IGT Global Solutions Corporation, has signed a seven-year contract with the Colorado Lottery to install all-new world-class products and solutions. The contract is expected to run through July 12, 2032, and includes seven, one-year extension options. As part of the new contract, the Colorado Lottery will receive IGT’s Aurora central system, replacing the current lottery central system.

JCM Global (JCM) has installed its award-winning iVIZION bill validator and ICB Intelligent Cash Box system at the historic Fair Grounds Race Course & Slots in New Orleans. JCM upgraded its UBA bill validator to iVIZION and installed ICB on each of the 620 slots at Fair Grounds. Previously, JCM installed its GEN5 Thermal Printer at Fair Grounds, and now with iVIZION and ICB, the path is open for the property to take full advantage of JCM’s FUZION technology in the future.

Gambling in the USA

Innovative Technology Americas welcomes Jeff Tash, Business Development Manager

Published

2 weeks ago

July 10, 2024

Peter Tolan

Reading Time: 2 minutes

Innovative Technology Americas, Inc. welcomes Jeff Tash, Business Development Manager for North America. Jeff will focus on the amusement and vending industries, identifying and generating new sales opportunities. Innovative Technology specializes in note handling equipment and age and identity verification technology.

Welcoming Jeff to the US team, Lauren Fabbri, Business Development Manager for the gaming side of the business, said, “Jeff joined us back in March and hit the ground running spending his first day in the Innovative booth at the Amusement Expo show in Las Vegas! Jeff has settled into life at Innovative Technology and is already connecting with our amusement and vending customers across America and Canada.”

Commenting on his role, Tash said, “I am really enjoying working for Innovative! The overwhelming support and enthusiasm from both the team and our customers on my first day at Amusement Expo validated my choice to join ITL. I’m up to speed with all our products and really enthusiastic to share them with the many contacts I have in the industry.”

Fabbri continued, “Jeff has 15+ years in the amusement industry, primarily with OEMs in a sales and business development role, so has an extensive book of contacts including manufacturers, distributors, route operators and parts providers. He will be responsible for monitoring industry trends, identifying growth opportunities and emerging markets, conducting product demonstrations and facilitating strong client relationships. Jeff has phenomenal relationships and has already demonstrated his ability to motivate decision makers when representing us at trade shows, meetings and events.”

Concluding Tash said, “I am eager to provide reliable and innovative product solutions to the amusement industry and customers, and continue to ensure note handling remains at the forefront of the amusement and vending industries. I am excited to collaborate with Lauren and the rest of the North American team in the growth of the GAV (Gaming, Amusement, Vending) markets. Innovative is an organization with a strong sense of purpose and a passion to support its employees, and I am privileged to be a part of this.”