Football wagering revenues offset declines in baccarat results during September, propelling Nevada to a modest gaming revenue increase. Statewide, casinos collected $892.7 million in gaming revenues in September, a 3.3 percent increase compared with the same month a year ago, according to figures released Thursday by the Gaming Control Board.
On the Strip, casinos collected $496.5 million from gamblers during the month, a 1.2 percent increase over September 2011. Baccarat results — which have predominantly been the stepping-off point for whether that state and the Strip had a positive revenue month over the past few years — declined in September. Strip baccarat revenues fell 4.8 percent to $77.5 million. Football betting, however, made up for the losses at the tables.
Slot giant reports strong revenue gains
International Game Technology grew revenues 17 percent in the fourth quarter while the chief executive of the slot machine giant hinted results from the three-month period were the kicking-off point for the next fiscal year.
IGT on Thursday termed 2012 “a solid fiscal year” as the company integrated revenues produced from free-play social gaming into its overall financial structure. IGT grew net income 65 percent to $88.1 million in the quarter ended Sept. 30 from $53.4 million a year earlier. Earnings per share increased 83 percent to 33 cents per share from 18 cents per share a year earlier.
Wynn to bid for final Philadelphia casino license
Steve Wynn is going to bid for the last casino license in Philadelphia. The chairman of Wynn Resorts Ltd. proposes to build a 150,000-square-foot casino with 900 slot machines and 100 table games and a 300-room hotel on about 60 acres of waterfront property, a company spokesman confirmed Thursday.
Michael Weaver, senior vice president marketing strategy at Wynn Resorts, said the company will file for a casino license by the state’s Nov. 15 deadline. The Las Vegas-based gaming company had proposed building a $600 million casino in the spring of 2010 in Philadelphia before pulling out.
Vegas gets more visitors in September
Las Vegas’ September visitation rose 1.8 percent year-to-date, bringing the total number of 2012 visitors thus far to 30.1 million.
Total visitor volume for September also was up 1.8 percent from the same month in 2011, according to the monthly Las Vegas Convention and Visitors Authority count released Thursday. In all, 3.35 million tourists came to Las Vegas in September, up from September 2011’s 3.29 million total.
Asked whether the city still is on track to see 40 million visitors by year-end, the convention authority’s senior manager of research, Scott Russell, said: “We’re maybe just a little behind, but I’m very optimistic. I’m still comfortable with saying that we’ll get there.”
Greyhound starts express line to Los Angeles
The dog has started running faster. Greyhound launched its express service from its downtown station next to the Plaza to Los Angeles on Wednesday, shaving about one or two hours off the standard one-way trip by eliminating all but one stop.
The company also runs buses — either new or refurbished — equipped with power plugs, Wi-Fi, leather seats, a designated seating area in the station and an assigned boarding order.
The longtime carrier, synonymous with long-distance bus travel in the United States, already dominates the market with as many as a dozen trips a day, more than the rest of its competitors combined.
De Niro, Nobu plan Vegas hotel
This isn’t so much a story about Robert De Niro, the Academy Award-winning actor. It’s about Robert De Niro, the hotelier.
De Niro is a shareholder in Nobu Hospitality, the restaurant and entertainment company of chef Nobu Matsuhisa, which is developing its first-ever Nobu Hotel at Caesars Palace. The actor persuaded Nobu to build his first restaurant in the Tribeca area of New York City.
Today, Nobu operates more than two dozen restaurants around the world, including Nobu at the Hard Rock Hotel in Las Vegas.
De Niro said it made sense the company branched out into the hotel world.
“There were many people asking us to do a restaurant in their hotels because Nobu gave them a certain cache,” De Niro, 69, told the Review-Journal on Sunday during an exclusive interview at Caesars Palace.