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8% Dip In Poker Revenues For Nevada

Tags: Las Vegas, Nevada, poker revenue
Posted on Wednesday, April 01, 2015 by "T".
Nevada Poker Revenue was $8.53 million in the month of February. According to Card Player magazine, the revenue in February 2014 was $9.27 million, which equals a 8 percent drop this February compared to last year. A total of 70 poker rooms with 660 poker tables were up and running in February, which is the lowest number in almost a decade for the state. The reason for these low numbers is partly[...]   Read more » 8% Dip In Poker Revenues For Nevada

  1-Apr-15, 14:48   #1
8% Dip In Poker Revenues For Nevada 0 
klash23 
Joined: Mar '12
Location: United Kingdom
Age: 37 (F)
Posts: 2243
I have also read about casinos in Atlantic City losing money as well for the last few years and I think at least 4 casinos closed last year.People said that may have been caused by big money going to Macau but recently Wynns resorts in Macau also reported profits going down.
Maybe poker/gambling has reached it's peak and is now leveling off to more realistic levels?

     
  1-Apr-15, 16:59   #2
  0 
Heskor 
Joined: May '13
Location: Mauritius
Age: 25 (M)
Posts: 2659
yeah casinos are losing money all around the world and this can be a good thing as it makes people play more at the casino as it create as perception that there is a edge on the casino playing live games and so on but you have to be careful you might get unlucky! Anyway good luck to any of you guys who play live casinos hope you have fun this is the most important thing when you playing any games, so good luck guys and have fun at the tables!

     
  1-Apr-15, 20:55   #3
  0 
luisexy69 

Joined: Jan '12
Location: Portugal
Age: 25 (M)
Posts: 405
Its a hard news, but they know from past years, that after some countrys get regulations and Macau open to all, would be expected that after some time they would have this outcome.
But to many people that plays there, is continuation of making or put some money on the table, so keep playing live, cash or tournaments and some casino may have money and profit to continue open.

     
  1-Apr-15, 21:50   #4
  0 
pinotte 
Joined: Jun '13
Location: Canada
Age: 72 (M)
Posts: 3445
For sure casino are losing money all around the world its very simple there is to many offers.
Like any other business offers and demand is the key of being profitable or losing money. If you look at casino all big cities aroun the world have his casino compare to let say 10 to 20 years ago IMO the offers is to much for the demand and i almost forget about online gambling that was not there. Smile Smile

     
  2-Apr-15, 01:01   #5
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4440
Posted by klash23:
I have also read about casinos in Atlantic City losing money as well for the last few years and I think at least 4 casinos closed last year.People said that may have been caused by big money going to Macau but recently Wynns resorts in Macau also reported profits going down.

Strong crocodile tears @ them 4 those declining profits, lol. In reality if the economy is better then less people feel the urge to make money fast and simple (ie.: gamble) IMO.

     
  2-Apr-15, 09:55   #6
  0 
doubletop777 
Joined: Mar '11
Location: United Kingdom
Age: 47 (M)
Posts: 5303
I was shocked to read about there being only 660 poker tables in Nevada. I always thought this number would be in the many thousands but there must have been many closures

     
  2-Apr-15, 10:26   #7
  0 
pochui 

Joined: May '08
Location: Lithuania
Age: 31 (M)
Posts: 8381
this probably is mostly due to the fact of over-saturation of the market. lots of money has been pumped into gambling hoping to make a cool profit, but the amount of degenerates hasn't multiplied at the levels big corporations were expecting. actually it's a good sight for gamblers- they are a big asset to casinos and since competition is fierce they are getting some juicy promos.

     
  4-Apr-15, 01:17   #8
  0 
bowie1984 

Joined: Apr '12
Location: Hungary
Age: 32 (M)
Posts: 4440
Yeah, but the market already full on both sides. Gamblers come and go as does the corporations, but both in Vegas (plus Atlantic City) and Macau all the major casinos are in the hand of just a couple of firms. There aren't really much variety among them, they are just pushing the money from one pocket to the other. So, declining profits means for them something like 15c/share - instead 17 - when it comes to paying out their stockholders every year. Eff them. Seriously.

     
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