Archive for the ‘Las Vegas Casinos’ Category

Nevada Casinos Face Revenue Slump

Thursday, March 4th, 2010

While the industry of online casinos galloped ahead at a rapidly fast pace, things are not going quite so smoothly for the casinos that are based within the state of Nevada. The fiscal year for 2009 was particularly unfortunate for land based casino operations in Nevada. According to numbers released by the Gaming Control Board, there was a total net loss of $6.7 billion among the 260 top online top casinos based in Nevada. That is a drastic loss for an industry that used to being relatively immune to even the most potent and dismal economic recessions.

While you casinos have managed to escape relatively unscathed through this financially disastrous scenario, the same cannot be said for the land based casinos within the heart of Las Vegas and all over the state of Nevada. The only thing that was up in terms of revenue from a financial standpoint was liquor sales. Alcoholic beverages rose in sale amount by 2.5%. In the online casino realm, there is no telling how much people drink when they gamble. But in the clubs along the Las Vegas strip, revenue that is attached to casinos and hotels rooms and restaurants declined significantly.

The president of the Nevada Resort Association described the year 2009 as horrendous for the land based casino gambling industry. Many casino operations have had to have several waves of layoffs in order to cut costs to meet up with the revenue that has been lost. Many businesses are just trying to stay afloat and hope against hope that a recovery against this horrific recession will come sometime in the near future. Before 2009, the last time that the Nevada gaming companies had to report a loss was all the way back in 2003.

Hot Baccarat Action In Vegas

Wednesday, March 3rd, 2010

If you’ve been wondering what has gone on in the casinos based in the heart of loss Vegas lately, then you are going to be in for quite a surprise. Although online casinos continued new to dominate and progress at rapid speed to command a dominating presence on Internet gambling market, Las Vegas casinos in some ways are still doing a great deal of business. And unlike online casino operations, with the biggest areas of activity for land-based casinos in Vegas may come as a bit of a surprise for some of you people out there.

It seems that many people are deciding to go ahead and play baccarat games in Las Vegas. Just a few months ago during the month of December of 2009, players went to Las Vegas casinos and wagered an incredible $1.3 million. This is a sensational amount of money to go to a game that is often times forgotten or overlooked compared to more traditional games such as poker, blackjack or slots gambling.

Even as online casinos surge ahead with revenue incredible new ways into by the was associated with this current economic recession that we are up against, casino gambling activity has been on the decline and the state of Nevada across the board. But one game, baccarat, is apparently picking up the slack and a steady pace.

While more traditional and popular games like slots and blackjack it have taken a bit of a dive in terms of revenue that they have been able to generate, the opposite has occurred for Baccarat. This is quite a shock to many industry insiders who have never really put much emphasis on advertising or promotional events geared toward Baccarat players. But maybe that will soon change in the near future.

Las Vegas Tourney Pays Big

Wednesday, March 3rd, 2010

The action has really been heating up at the top online casino poker site Party Poker. Just recently one event ended up with a lucky and skillful player leaving the scene with an astonishing $158,000. Considering the fact that this player put down only $136 in order to compete in this casino competition, that is some very generous return for his investment. The player, who hails from Italy, was able to finish up in the third of slot at this incredible week-long event that took place at the time at resort within the heart of Las Vegas. He was more than happy to collect his share of the $1.5 million prize pool.

Since this event was sponsored by Party Poker, this was a particularly sweet achievement for the player who qualified through the same poker site. The top prize of this event was an incredible $476,000. That prize went to a French player. But keep in mind that the runner-up did not leave the scene brokenhearted since they were able to take home $258,000 as well.

For this Party Poker player, this was an astonishing turn of events. This will definitely boost the level of player traffic that comes onto this casino gambling site for sometime to come. For fans of online casinos and poker rooms, this is the sort of dream come true. The opportunity to play and win a victory at one of your favorite poker sites and then moving all the way to Las Vegas for in-person tournament competition is truly a remarkable achievement. I sure wouldn’t turn down the sort of opportunity. And the money that was at stake was unbeatable.

Victory Poker Begins In Vegas

Monday, March 1st, 2010

When some people want to have a party they go all out and want to be indulged in every way. They look for location that is rich and exotic and full of potential for crazy scandal and adventure. Recently a bran new operation was launched into the realm of online casinos called Victory Poker. And a party they had to welcome this new site on to the online casino market was held at the Las Vegas Hard Rock Hotel and Casino just a few weeks ago. This was an incredible event that collected players and major celebrities from all over. Licensed through Malta, the party for this casino features a fantastic open bar and a special impromptu photo shoot featuring playmate of the year 2007 Playboy magazine, Sarah Jean Underwood.

As one of the hottest venues in the Las Vegas casino realm, the Vanity Nightclub brought in some serious major rollers and professional players who were very well known among fans of online casinos. This is a great way to kick off an exceptional and well-crafted new Internet casino.

Victory Poker has proven itself so far to capture the attention of a great many people across the entire market. Some of the team members from victory poker include well-known celebrities, playmates from Playboy magazine and ultimate fighting championship fighters. If you spend a little but of time on this new Internet poker site, and you are sure to be able to contend with these fascinating celebrities and exciting gambling adventure. Go ahead and check out VictoryPoker.com for yourself so you know how wonderful this new site is.

Big ‘09 Fiscal Losses In Vegas

Friday, February 26th, 2010

While the industry of online casinos marches forward at a healthy pace, the casinos within the state of Nevada are not faring quite so well. For the second time in history, casinos within the state of Nevada posted a loss. And this time around the lost was super substantial. Online casino sites have managed to come through the current economic recession and financial crisis relatively unscathed, but the same cannot be said for the land based casinos within the state of Nevada. Just recently the gaming control Board releases dated report for the fiscal year of 2009 that indicate a net loss of $6.7 billion for the 260 biggest casino operations in Nevada. This comes as a staggering blow to an already fragile state economy that has seen better days in the past.

While online casinos have, for the most part, derived, the same cannot be said of the land based casinos located within the state of Nevada. The president of the Nevada resort Association described 2010 as a program this year for many of the casinos located with in the city of Las Vegas.

One of the ways that some of the casinos have been dealing with the financial setbacks has been to move forward with as many as three or four waves of layoffs. Layoffs are seen as one of the main effective ways that remains for cutting costs. The hope at this point is that the layoffs will be temporary until the nationally and locally economy is able to push forward into some sort of semblance of a recovery. But that may still be a long ways off. The one place where sales did not decrease was in the sale of liquor. Sales for our all apparently increased by 2.5% even as revenue associated with casinos, hotels and restaurants sunk.

Boost In Baccarat For Las Vegas

Friday, February 26th, 2010

While many business industries have been on considerably abrupt downward spiral during this horrifically endless economic recession that has cursed most of the United States, there is a new promising trend happening right now in the heart of Las Vegas. It seems that Las Vegas casinos saw an incredible amount of action in the form of baccarat games during recent months. Over the course of the month of December of 2009, players going for the glory and playing their hearts out at Las Vegas casinos managed to wager an incredible $1.3 billion on baccarat games. That’s right they are made it a solid record for any single month in the entire history of the state of Nevada. I’m sure that all online casinos wished at that moment that they are baccarat activity could be as strong.

While the industry of online casinos has been moving forward and making progress despite most of the financial woes that if great many other business markets, the revenue within Las Vegas has not been quite so favorable. It is hard to compete with the power and flexibility and versatility in diversity that online casino sites half. But the business in Las Vegas has not slowed down in some respects.

Despite the recession that hand, the high roller game of baccarat has been a hugely popular pastime on this particular Sunset strip. Overall during the month of the last month of 2009, Las Vegas casinos managed to score $155.7 million thanks from the business they earned by dealing with blackjack players. It will be interesting to see if this increase in baccarat to the will help to boost a rejuvenation across the entire Las Vegas economy.

PartyPoker Player Wins In Vegas

Wednesday, February 24th, 2010

What can $136 dollars gets you these days? They could buy you many, many loaves of bread or perhaps a few tanks of gas. One lucky player who embarked on a journey and the wonders of online casinos, it earned him a seat into the party poker Premier league event. This online casino poker player in question managed to get the best of some of the top competitors in the entire world. When everything was said and done, this player managed to leave the scene with $158,000. I sure wouldn’t mind having that sort of cash kicking around in my wallet.

The winner this time around at party poker is a lawyer from Palermo, Italy. The Italian casino and poker player managed to take the third position at the spectacular weeklong event that took place in the heart of what they Las Vegas at the M. resort. The hundred and $58,000 that he scored with his portion of the $1.5 million prize pool. Party poker kicked in a decent chuck of change into the prize pool with their contribution of $300,000 since they were one of the sponsors of this highly anticipated event.

With so many exciting event happening in Las Vegas, it is thrilling to think of all of the incredible upcoming casino and poker competitions that are to be taking place in this magical city in the coming months. 2010 is shaping up to be a highly lucrative and extremely fantastic year so far for fans of online casinos. And there is no doubt in my mind that the action is just going to get hotter as the months progress.

Las Vegas Sportsbetting Surges Briefly

Monday, February 15th, 2010

One particular industry that fared very, very well during the recent Super Bowl competition was the Las Vegas sports betting business community. The estimates for the quantity of wagers that were placed during this highly anticipated sporting event are so far incredibly impressive. This is especially the case considering the fact that the underdog New Orleans saints managed to come out on top in defeat the Colts. Most people had bet the other way so this was quite an upset. Super Bowl betting has been around in the city of Las Vegas since pretty much the start of the Super Bowl game itself.

This year as many as 65% of all the bets placed were going for the Colts to take the big win. While online casinos have gone through this seemingly endless and her risk that economic recession relatively unscathed, but casinos and sports betting operations that are lambasted within Las Vegas have been hit quite hard. The recent hoopla over the Super Bowl game definitely created quite a commotion and boosted the amount of revenue that the Las Vegas casino and sports betting businesses were able to collect.

But still, a land based casinos located in the heart of Las Vegas how hard time competing against the flexibility and range of opportunities that are available at online casinos. Major sporting events like this are the bread-and-butter for sports betting sites and land-based sports betting companies. It’ll be interesting to see if the upcoming events associated with March madness are going to boost this level of wagers that are placed in Las Vegas casinos or not. Here’s hoping that they find success and an absurd quantity of revenue.

Super Bowl Betting Big In Nevada

Thursday, February 11th, 2010

It seems that the action surrounding the Super Bowl for casinos located within the state of Nevada was pretty hot and heavy for this particular year. Many people from both the world of online casinos and land based casinos such as those located in lost in Las Vegas or intent to wager for this huge NFL event. All told to casinos in Nevada were able to collect nearly $6.9 million on the wagers that replaced during this year’s Super Bowl. Those are the official number with numbers that have come in from the Nevada gaming control Board. Better is wagered an astonishing $82.7 million on this football game. The action was also hot at many online casino sites, but this success for casinos located in the state of Nevada brings up many people within the gambling industry hope.

While online casinos have had little to no troubles were hiccups during this dreary and seemingly endless economic recession, the same cannot be said for casinos based within state of Las Vegas. Everyone and their grandmother’s pony were intent to get in on the betting action with the New Orleans Saints versus the Indianapolis Colts. Many people were wagering that the Colts were going to come out on top, but that was not the case.

The underdogs, the Saints, were able to come out and beat the Colts by a score of 31 to 17. Of course, this outcome brought about a bunch of excitement and surprises at land based and Internet casinos. For some areas of the country bad weather forced people to cancel their trips to Las Vegas so this resulted in a lower level of gambling revenue than years past.

WSOP Tourneys At Titan Poker

Wednesday, February 10th, 2010

If you are looking for a surefire way to obtain a spot in the World Series of Poker main event that is going to be taking place later on this year in the heart of Las Vegas, look no further than the widely popular online casino site called Titan Poker.

Out of all of the different online casinos that are trying to make their mark on the market right now, only type in power is delivering some super fabulous and sensational opportunities that will send a five of their lucky and skillful players to this highly anticipated poker competition. In order to get their five players selected, they have embarked on a brand-new promotion that is going to deliver a few lucky souls in to the middle of awesomeness in Las Vegas.

The site is currently engaged in hosting an extensive series of country specific tournaments that are set up for players all over the world. The top 200 from these qualifying tournament’s will end up getting together on the 16th day of May to compete head-to-head to earn a spot in the Las Vegas event.

Since the World Series of Poker is one of the most sensational competitions to happen for land based and online casinos, you can bet that this will be a fierce and intense event. The promotion kicked off with two rounds of weekly tournaments and casino and poker fanatics at Titan Poker were eager to compete to go for the glory and play their hearts out later on in Las Vegas. These positions are highly coveted. Everyone wants a piece of the action.

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