Nevada Online Poker Revenue Falls in April

Card Player – Nevada’s three online sites collected a total of $792,000 in revenue during the month of April, according to a state reported released Wednesday morning. That figure amounts to a decline of 14.5 percent compared to March’s $926,000. February’s figure was $824,000. February marked the first time ever that a Silver State gaming revenue report included online poker figures. The state was keeping the numbers under wraps until a third casino firm, South Point, started offering games. Station Casinos, which debuted games in spring 2013, and Caesars Entertainment, which kicked things off in late summer 2013, are the…

Tribal Casino Industry Sets New Revenue Record

Three years after the nation’s Tribal casino industry experienced its only annual gaming revenue decline in the 24 years since figures have been kept, the market is on an upswing. For the second straight year, Indian casinos nationwide combined for a new annual gaming revenue record, topping $28.13 billion in 2012. The 2 percent increase was a lower percentage jump than in 2011 when Tribal casino business grew nationwide revenues 3.4 percent, to $27.59 billion. That’s a cause for concern, said California economist Alan Meister, who compiles the figures for Casino City’s annual Indian Gaming Industry Report. “It was the…

Christie Overplayed Hand on New Jersey Internet Gambling

NJ.com – Gov. Chris Christie’s administration admitted Tuesday it had overplayed its hand on online gambling, drastically overestimating the amount the state would bring in during the first year. Christie had proposed a spending plan last year that anticipated a $200 million increase in tax revenue from the casinos, almost all of it from the legalization of internet betting that began in November. State Treasurer Andrew Sidamon-Eristoff later cut Christie’s estimated increase to $160 million. But Tuesday he conceded even that was far too high, and now expected just a $34 million rise in casino tax revenue for the fiscal…