Las vegas Revenues Rebounded Heartily in 2013

Las vegas Revenues Rebounded Heartily in 2013

Nevada’ advertising campaigns positioning the city as hip and happening appear to be working, based on 2013 income tallies

It has been awhile since Las Vegas could actually post any very positive news about profits, but 2013 appears to have been a watershed year financially for Sin City. Figures posted end-of-year by the Nevada Gaming Control Board show a whopping 22.6 percent spike in gaming revenues for the month of November, adhering to a significantly flat October, a reality that guarantees to exhibit year-end that is excellent figures once compiled.

Second Best of the Year

Turns out was the second best of the year for Las Vegas Strip properties november. Baccarat took house the gold literally with a 94 percent hike, while dining table games also pulled a 53.5 percent jump to their weight, compared to 2012. Certainly no one is ripping out slot machines, but it appears that old-school gambling is the moneymaker these days in the town of Neon.

Statewide, the picture ended up being also a positive one. Across Nevada, gambling enterprises took in $875.9 million in November, a bump of 11.9 percent when compared with the year prior. And many more encouraging, it was the third month-to-month hike during the past four months.

Las Vegas’ uber-successful strategy of being the coolest, hippest, swag-est place to be on the planet seems to be working as it pertains to gambling because well; the Strip brought in $529.4 million in Novem Continue reading “Las vegas Revenues Rebounded Heartily in 2013”

David Beckham Promoting Sands in Singapore and Macau

David Beckham Promoting Sands in Singapore and Macau

World-renowned soccer that is retired David Beckham (center) watches Manny Pacquiao fight Brandon Rios during the Venetian Macao in November. (Image: Reuters/Tyrone Siu)

It should be good to be therefore famous, so adored, as you are able to pretty much sell any such thing to anyone for any cost. And maybe not which he and wife/former Spice Girl Victoria were on the short list to attend Prince William’s wedding, after all that he needs the money with an estimated net worth of $300 million, but such is the situation for iconic retired soccer star and universally recognized hottie David Beckham a man who’s so high in the celebrity galaxy.

Branding Sands

Now Beckham seemingly have carved a distinct segment for himself as a sort of mercenary promoter for hire, and the latest taker is Las Vegas Sands Corporation, which is making usage of Beckham’s charm, apperance and international adoration to promote their gambling enterprises both in Singapore and Macau.

While there’s no word on what sort of fee Beckham commands for this sort of thing which may include anything from being seated front and center at a Manny Pacquiao Brandon Rios fight at the Macau that is venetian to a Marina Bay Sands charity event in Singapore we can imagine he doesn’t work for cheap these days.

Beckham might not need to do much but show up and get TV coverage, but for Sands, it’s still a deal that is good. The casino operator that is largest in M Continue reading “David Beckham Promoting Sands in Singapore and Macau”

Nevada Casinos Can’t Win for Losing for Fifth Straight Year

Nevada Casinos Can’t Win for Losing for Fifth Straight Year

It was the 5th 12 months running for a downturn in Nevada’s net revenues for fiscal 2013, according to the Gaming Control Board

It absolutely was bad news and type of good news for the Silver State’s casinos when Nevada’s Gaming Control Board released their annual Gaming Abstract Report week that is late last. The bad news was that Nevada’s 263 combined casinos experienced a fifth straight 12 months of financial web losses; nevertheless the good news is that their actual intake revenues increased a tad compared to 2012.

However, a web loss is a net loss, and fiscal 2013 had been a little bit worse than 2012, by having a final tally of minus $1.348 billion,compared to $1.212 billion in 2012.

Slow Recovery

It is all the main infant step recovery process from Nevada’s massive turndown through the country’s recession, which absolutely hit this casino-centric area hard since 2009. In reality, fiscal 2008 was the time that is last’s casinos general showed a net profit, and that was for $721.1 million. The following year, their state took its hit that is biggest, having a $6.8 billion net loss for casinos statewide. Ouch.

The Las Vegas Strip naturally sets the pace as it pertains to Nevada gaming, and a small 1.7 % revenue jump through the last fiscal 12 months just wasn’t sufficient to leave a profit; overall, Strip casinos marked a $1.5 billion loss for the entire year. But once more, some silver lining here; th Continue reading “Nevada Casinos Can’t Win for Losing for Fifth Straight Year”

Caesars, MGM, Wynn Get Serious About Osaka Casino Talks

Caesars, MGM, Wynn Get Serious About Osaka Casino Talks

Given the enormous popularity of legal pachinko games in Japan, casino operators are clamoring for a go at a soon-to-be legal Osaka casino (Image: tokyoweekender)

The race for a casino in Japan is starting to warm up, and it seems as though Osaka may be the target that is top of and casino developers worldwide. At the moment, at least three casino that is major have been in talks with all the Osaka government about intends to create a massive casino resort one that might cost up to 500 billion yen ($4.8 billion) to complete.

Aiming for Olympic Game Openings

And all of these talks are taking place even before Japan has actually legalized casino gambling. Most operators expect them to do so with time for the very first casinos to go live ahead of the 2020 Summer Olympics, which will be hosted by Tokyo.

‘It’s just a matter of time before gambling enterprises are legalized,’ stated Ichiro Matsui, Osaka Prefecture Governor.

Osaka officials met with representatives from Caesars Entertainment and Genting Singapore a year ago, and expect to sit down by having a team from MGM Resorts Overseas early this present year. All three are seeking to place a casino in Osaka, the city that is second-largest Japan.

The casino would likely be put on reclaimed land owned by the city specifically, Yumeshima, an island in Osaka Bay. The concept from Osaka’s viewpoint is to get a jump on Tokyo, which might be the target that Continue reading “Caesars, MGM, Wynn Get Serious About Osaka Casino Talks”