The Nevada Gaming Control Board has just unveiled their November revenue report showing that state casinos collected over $1.2 billion for the month. This marks a new record, bringing Nevada’s year-to-date total gaming revenue to over $13.5 billion, putting them in a good position to gain more than $14 billion in revenue for the calendar year. The November were a 7.6% year-on-year drop and 6.25% drop from October, but it also marks the 21st consecutive month with over $1 billion in revenue. Of the $1.2 billion the Strip was responsible for $669.5 million with table game revenue increasing 6.4% year-on-year and slot machine revenue growing 10.96%. Sports betting reported revenue of $34.3 million, a 47.7% year-on-year drop with sportsbooks accepting $928.2 million in November.

It’s a good time to be a sports bettor in Ohio since as of January 1, 2023, 16 digital and 13 retail sportsbooks have gone live and started accepting bets. Of the 16 launches many well known operators are joining the Buckeye State, i.e. Barstool, Caesars, BetMGM, and FanDuel. The new mobile and retail products will offer bettors access to many different sports betting markets including, cross-sport parlays, prop bets, in-game bets, straight bets, daily odd boosts, and many promotional offers for first time bettors. Penn Entertainments, Barstool Sportsbook has already launched in Penn’s four Ohio properties, Hollywood Casino Columbus, Hollywood Casino Toledo, Hollywood Gaming at Mahoing Valley Racecourse, and Hollywood Gaming at Dayton Raceway, marking the 15th state Barstool Sportsbook has launched in. Ohio […]

In recent news, Macau gaming scholar Zeng Zhonglu has released a report showing estimates that Macau’s gross gaming revenue could jump up to 70% from pre-pandemic levels in 2023 as they begin to recover from their three year downtime due to Covid restrictions. Zhonglu went on broadcast to say that “the most difficult time has now passed” pointing towards recession bottoming out. This news comes after the recent reinstatement of Macau’s casino licenses as well as rising demand for bettors to play again. Macau officials are looking to push the territory’s economic recovery as they have already changed their gaming law and completed the gaming concession tending, moving towards a positive 2023. If these estimates are correct it should look to impact gaming stocks tied […]