Will Expansion Mean Contraction? | Global Gaming Business Magazine

In this month’s Global Gaming Business, I take a look at what impact the expansion of casino gaming has had on mature jurisdictions: But since then, further expansion has put pressure on “mature” gaming markets like Atlantic City, Mississippi and Delaware, which have seen revenues decline. This raises the question of whether further expansion will … Read more

Prohibition not the right answer for online gaming in Las Vegas Review-Journal

This morning, the Las Vegas Review-Journal published an op-ed piece I wrote about the ultimate futility of online gaming prohibition: The nation faces a dangerously seductive form of gambling, as cross-border, high tech telecommunications networks threaten to siphon money out of homes across the country. The problem is getting worse, and the states, with the … Read more

Me @ G2E: Social media insights

A little while ago I received an invitation to participate in G2E‘s conference track. Here are the details: 9:15AM – 10:15AM (Wednesday, October 05, 2011) Social Media Insights, Part III: ROI Although it officially costs nothing to tweet, the hard costs associated with staffing and content development are undeniable. This session will examine how casinos … Read more

Updated 2004-2011 poker study up

While answering questions about the impact of the Black Friday indictments on Nevada poker, I thought I’d take a look at what impact previous interdiction attempts (the passage of UIGEA, the implementation of UIGEA) had on Nevada poker. So I compiled a month-by-month summary of Nevada’s poker results for the past seven years. Because I … Read more

Six-month NV gaming analysis

Each month, there’s a lot of sound and fury about what the results released by the Gaming Control Board really mean. And each month, when asked what I thought, I used to look at the numbers, compare them with the previous year’s, and speak.

Last year I decided to shift perspective a little by adding more historical depth. With monthly reports from 2004 onward freely available, I figured it was lazy not to use them. So I started comparing the recently released number for February 2011 with not just February 2010, but every February from 2004 to 2011.

This let me see the overall pattern a lot better, and even though it involves some work, I think it’s worth it, because it provides some more context for the numbers.

I think this is important because both investors and industry leaders make decisions partially based on the numbers, and I think that the more people understand about them, the better decisions they’ll make. It might not be able to predict the future, but the historical perspective will undoubtedly give people a much better grasp on the present.

For a while now, I’ve been playing around with another way to contextualize the numbers. Around the third quarter of last year I started putting out a “Year to Date” report that including data from the start of the calendar year. But early in the year, that’s not much value, and late in the year it’s just too much data that’s good for guessing what the year-end totals will be, but not necessarily telling you which direction the industry’s heading in at the moment.

So to provide that, I’ve put together a new report: Nevada Gaming Statistics: The Last Six Months. Here’s the explanation and the executive summary for the inaugural edition:

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Feb. Nevada number comparison

I’ve got the Nevada gaming revenue comparison and analysis for February up. Here’s the executive summary: For Nevada’s gaming revenues, February 2011 had little to celebrate, though in some ways the numbers aren’t as dire as they seem at first glance. Comparatively, the Strip continues to outperform much of the state, but it is still … Read more

Nevada January gaming revenues: not encouraging

The January numbers are out, and while they appear to be merely ho-hum (a 0.67% Statewide revenue decrease), they are actually quite troubling. Here’s the executive summary of the report: January 2011 continued what has been a trend: a persistent, moderate decline in the state’s gaming revenues. This is the third consecutive month in which … Read more

Details about the Cosmopolitan’s new sports book

Like I admitted on Twitter, I take lousy photos, so I promised that I’d share some of the PR stills of the Cosmopolitan’s new sports book. I’m also throwing in the press release–if you read any media accounts that sounds suspiciously like this, it just means someone’s taking it easy on the word-smithing front: Las … Read more