News Games and Casino Blog

Articles Casino Blog,Information about online casinos and casino games online

Sponsors

LVS earnings fall in May

Posted by admin On July - 17 - 2010ADD COMMENTS

LVS earnings fall in May

What seemed to project himself as a future growth in Las Vegas Strip finally seems diluted. During the first months of the year the volume of betting had been really high, so that the money spent by each of them (which was relatively low) was not a problem.

By May, however, reversed the positive trend. Fewer gamblers crowd the halls of Las Vegas Strip casinos. At the same time, the majority continues to invest money in small amounts.

The overall drop in profits for the casinos of Las Vegas Strip in the last month of May was 6.3%.

According to the Nevada Gaming Control Board during the period under analysis, the 41 casinos in Las Vegas Strip reported collective profits of $ 450.1 million. After two consecutive months of sustained growth this was the first month in which earnings fell again. In May 2009 the fall in total revenue was 6.4%.

A statewide casinos reported revenues of $ 847.1 million, showing a fall of 4.7%. It is worth mentioning that this figure, after all, does not look so bad compared with the same period in 2009. At that time, the statewide decline was 8.3%.

Gains and losses on LVS were distributed as follows: the casinos of North Las Vegas saw increases of 8.8%, those of Laughlin suffered losses of 5.1%, the Boulder Strip, an increase of 5% and a fall Mesquite 5.8%.

Recovery of investment in casinos

Posted by admin On June - 30 - 2010ADD COMMENTS

Recovery of investment in casinos
The length of time a company takes to recover an investment in casino can make huge differences in long-term performance in economic terms.

In the case of Las Vegas Sands, the company has advanced plans to recoup the investment of $ 5.5 billion made in the new casino in Singapore within a period of approximately five years, according to comments offered by Sheldon Adelson, owner and CEO of the company.

“In terms of profits by the time we performed better than expected performances of most analysts of the casino industry,” said Adelson. “In recent weeks, also my confidence in the casino has increased considerably.”

Visits to the Sands casino in Singapore are located around 150,000 people per day, according to recent reports.

While some years ago Adelson did not plan to break into the casino market in some countries, focusing only on countries where they could get to secure gains, the fact try his luck in Singapore and have a resounding success was an incentive for the owner of Las Vegas Sands begins to consider other business proposals.

Thus, during the coming months, Adelson evaluate proposals for developing casinos in Japan, Korea, Taiwan, Vietnam and Thailand, among other Asian countries. Thus plans to consolidate its rule of casinos and gambling in Southeast Asia, leaving aside his interest in opening new billionaire in the United States and Europe.

Casinos News in Brief

Posted by admin On March - 8 - 2010ADD COMMENTS

Casinos News in Brief
The Rivers Casino in Pittsburgh, Pennsylvania, will pay $ 199.5 million in taxes for the property has on its casino. This is the highest in all the casinos in the area.

In recent weeks there was a debate in Delaware on whether to build two new casinos. Studies were conducted to verify the risks and benefits of the new project.

The results of these studies showed that this city would be advisable to have these sources of income. However, regulators Gambling and betting activities statewide voted for the prohibition of new authorizations are granted to casinos.

Among the factors put forward include the expense of these buildings generate about the properties of bets that are already operating.

Profits from casinos in Nevada during the month of November rose 4 percent. This was the first increase achieved in a period of 22 consecutive months. Atlantic City, meanwhile, failed to maintain good profits at its casinos in 2009. Profits fell 13.2 percent, reaching only $ 3.9 billion.

Lakes Entertainment Inc. has recently commented that organize a company-McKay Abston Ventures LLC to develop a casino in Mississippi.

Ameristar Casinos Inc. has promoted Roxann M. Kinkade director of external communications in all their betting and casinos. In addition, the company said it had hired as general manager Sean Barnard of its casino in Kansas City, Mossouri.

CotaiJet, the rail service that runs Las Vegas Sands Corp. to transport customers from Macau to Hong Kong, has obtained a new license and several additional routes.

Official data on Las Vegas

Posted by admin On March - 5 - 2010ADD COMMENTS

Official data on Las Vegas
During the last week, shares of some of the largest U.S. casinos rose in haste to get the latest updates on the activities of casinos and gambling in Las Vegas over the last months of 2009.

Studied month was November 2009. During that period it was found that gambling winnings were up 8.3 percent over the same month last year. This is the first growth showing the casinos of Las Vegas in nearly two years, according to Moody’s Investor Service.

“The overall performance in these markets could come to be interpreted as an indicator of the public who frequent casinos in Las Vegas is willing to spend a little more money on gambling,” said Keith Foley, vice president of Moody.

Moreover, as reported Moody reports, this behavior of the casino industry in Las Vegas has not been repeated in other states. The betting total balances at the national level continue to show negative.

“Our main concern is that the unemployment rate to remain high in 2010. This could put additional pressure on the public who frequent casinos and bet money on slots or table games. If does not improve the economic situation of the gamblers, it is more likely that the levels of profits from the casinos down again, “said Foley.

Shares of Wynn Resorts Ltd. was $ 2.70, or 3.9 percent, reaching $ 72.10. Las Vegas Sands Corp., meanwhile, is listed each of their shares at $ 18.74. In this case, the total increase was only 45 cents. As for MGM Mirage, its shares trading at $ 12.49.

2 jackpots in Las Vegas Strip

Posted by admin On January - 20 - 2010ADD COMMENTS

2 jackpots in Las Vegas Strip
Two tourists who came to various casinos in Las Vegas Strip during the last week have won awards millionaires casino games, after taking the popular Megabucks Megajackpots.

A man of 57 years-old, whose name was not released, won the Megajackpot of $ 12.2 million in the Bellagio casino, according to the information provided by International Game Technology.

The winner and his wife, who sat beside him at the time the player won the jackpot, immediately phoned her daughter and took the first flight to Los Angeles to celebrate with his family.

“I was sound asleep, so my father had to call three times before they hear the phone and meet,” said her daughter told. “I was a bit scared when I heard his voice so excited, but when I said everything was fine and told me he had won the largest jackpot all I could think of was that I was still dreaming.”

The winner is an investor in South Korea native who visits Las Vegas about three times a year.

Moreover, a woman of 63 years old earned $ 1.6 million on Wheel of Fortune, in the Paris Las Vegas casino. The woman, who also remains anonymous, was with his daughters in the midst of a relaxing trip.

The woman said she and her family were building their dream home in the Philippines. The prize would help to make the parts to move even faster as they are ready.

Wireless in Las Vegas Casinos

Posted by admin On January - 13 - 2010ADD COMMENTS

Wireless in Las Vegas Casinos
The casinos of Las Vegas offers new features constantly. In recent years, gambling has become one of the strengths of many gaming facilities. However, for lovers of casinos, betting mode on sporting events in a casino had some discomfort.

The players usually had to wait in the window of a bookmaker installed inside the casino, away from other activities and making them lose valuable time.

Some of the largest casinos in Las Vegas have implemented a solution to provide greater comfort for gamblers, especially those who like to bet on sporting events so that in this way are closer to their casinos.

It is a portable technology known as “eDeck.” A player who has a eDeck may place a bet from anywhere in the casino.

No matter if we are in our room casino hotel, a restaurant, or waiting to start a poker game. The devices operate with similar systems to those of current smartphones, placing bets wisely.

In addition to offering greater convenience for casino players, the eDeck also allows bets even though the games have begun. The device in question, moreover, offers a new type of gambling games.

The frequent player table games like blackjack or baccarat can place their bets directly from your eDeck, instead of using common chips.

The eDecks and are available at the Venetian and Palazzo casinos in Las Vegas Strip. Have also been implemented in the M Resort & Casino in Henderson.

Siap CityCenter

Posted by admin On December - 30 - 2009ADD COMMENTS

Siap CityCenter
In the capital of the world’s casinos and poker giant has been growing continuously. It is, of course, CityCenter. It is the largest construction project undertaken by a private company. For over five years, the incredible building of $ 8.5 billion has been rising above the skies of Las Vegas.

The project had been delayed several times, always opening postponed to a later date. Finally, the day has come when the great center of gambling in Las Vegas will open its doors to gamblers.

Now, the newest hotel in Las Vegas called Vdara. This condominium of 57 floors with nearly 1,500 rooms. This property, located between Bellagio and Monte Carlo, is one of the most cherished values of CityCenter.

The exact amount is Vdara suites of 1495. All rooms are fully equipped and include kitchens. There will be units of a bed and other with twin beds. Also offer suites and penthouse suites with panoramic views angled corners of the city. Guests may rent rooms from $ 149. The more expensive ones are worth $ 2,000 at night.

The hotel Vdara will also have a huge 18,000 square foot spa, a 40,000 square foot pool and a space for meetings and celebrations of 10,000 square feet. Within the hotel there will be games and betting options.

“Vdara is designed for gamblers who go into typical in Las Vegas, but also for those seeking what there is in this city,” said Bill McBeath, operations manager of the new hotel. “All you have to do (if you want to bet) is to cross into the Aria or Bellagio. Then you can return to escape what are the casinos. “

Switch to our mobile site