Vegas Gambling Revenue Hits All Time Low

Written by:
Guest
Published on:
Jan/16/2018

The Las Vegas gambling industry saw its sharpest decline in revenue ever for 2017.

Generating $26 billion in total revenue, Nevada gaming regulators say it is a new record low for Vegas.

But one shouldn't shed a tear for Sin City.

The gambling hub shattered revenue records in all other areas including hotel rooms, accounting for $6.16 billion (23.6%), food sales, accounting for $3.89 Billion (14.9%), and beverages, making up $1.8 billion (6.9%). 

Casinos generated net income of $1.55 billion from total revenues of $26.17 billion.  This marked the first time total revenues surpassed the $26 billion mark.

Actually gambling, however, did take a hit, taking in $11.11 billion, which was 42.4 percent of total revenue.  That marks an all-time low percentage for the casino industry, based on historical data compiled by the University of Nevada Las Vegas.  The previous fiscal year was 42.64 percent.

By comparison, in 1984, casino gambling revenue represented 61.9 percent.

In recent years, Las Vegas has tried to market itself as more than just gambling and these numbers appear to indicate that campaign is working.

- Aaron Goldstein, Gambling911.com

Gambling News

vSlice News

vSlice has a maximum supply of 33,390,496 coins. It started on 15th November, 2016, billing itself as the world’s first profit sharing token.

Review of Bookmaker Bet365.com - 2018

Review of Bookmaker Bet365.com - 2018

The General Data Protection Regulation (“GDPR”), which went into effect 25 May, 2018, requires that online gambling affiliates adhere to stringent policies forced upon them by bookmaking and online gambling operators.  This includes how they present their review of bookmaker Bet365.com and others. 

The Birth Of GDPR and its Effect on Web Gambling

The Birth Of GDPR and its Effect on Web Gambling

What is GDPR?  The General Data Protection Regulation (“GDPR”) is a legal framework that requires businesses to protect the personal data and privacy of European Union (EU) citizens for transactions that occur within EU member states.

Customer Heaps Praise on AcePerPead.com Pay Per Head Sportsbook Site

I have been booking action for over a decade and have been using a pay per head sportsbook called AcePerHead.com for the last two football seasons.

The Death of The Bookie!

Are you ready for the future of gambling in America? If you’re wondering how you can prepare for the upcoming flood of competitors trying to steal your lunch, this is going to be the most important message you’ll ever read!

Syndicate