Las Vegas land casinos reported a 23.4% decline in gaming revenues to $427.4 million in February 2009, well down from the $556 million recorded in the corresponding period a year ago. Statewide, casinos won $830.9 million in February, down 18% from the $1.1 billion they won in the same month in 2008. For the first two months of 2009, casinos on the Las Vegas Strip won $937 million from gamblers, a 19% slide from the $1.1 billion they won for the same period a year ago, reports Gaming Today. Although gambling revenues are still headed southward, the number of visitors [ Read More ]
Archive for April 9th, 2009
The chairman of the House Financial Services Committee, Barney Frank, plans to introduce his next bid to overturn the Unlawful Internet Gambling Enforcement Act this month (April), but he will not be resorting to the subterfuges adopted by UIGEA’s founders in getting the bill through. In 2006 the UIGEA was pushed through a late night session of the 109th Congress on the eve of an electoral recess and attached to the totally unrelated and must-pass Safe Ports security bill. The Washington publication The Hill reports that Frank intends to introduce his legislation as a standalone bill and will not seek [ Read More ]
