With Las Vegas revenue per available room (RevPAR) trending at its highest level since 2007, analysts at Macquarie believe the time is right for casino operators on the Strip to “raise the bar” in terms of room rates.
Online casino operator 32Red on Wednesday reported 21.7 percent growth in core casino net gaming revenue for the first half of 2014, with average revenue per customer static year-on-year after consecutive double-digit declines in 2012 and 2013.
The British Columbia Lottery Corporation hailed an increased frequency of new casino game launches as it reported 24 percent year-on-year growth in eGaming revenues to C$91m for fiscal 2014.
Coinciding with the World Cup group stage and the opening five days of Wimbledon, GamblingData’s Summer 2014 In-Play Tracker (IPT) survey saw bet365 cement its overall lead and Sportingbet and Unibet surprise in tennis and football respectively.
New figures released by the Czech Ministry of Finance show that consolidated revenues across the country’s gambling industry fell 2.5 percent year-on-year to €1.04bn in 2013, dragged lower by a weighty decline in takings from AWP machines.
In the wake of bet365’s announcement of market-defying 38 percent revenue growth in fiscal 2014, GamblingData analysis shows that the firm’s average yield per customer is as much as two and a half times greater than the rates exhibited by major UK-facing rivals.
Having significantly underperformed Bwin.Party in share price terms over the first five months of the year, 888 this week rallied to overtake its New Jersey online rival in a year-to-date comparison following the publication of a bullish trading update on Wednesday.
Ohio’s four commercial casinos have undershot a $940m FY2014 gaming revenue forecast from the state’s Department of Taxation by around 12 percent, rounding off the fiscal year with the their steepest combined year-on-year decline to date.
The volume of pari-mutuel wagers processed by Canada’s horseracing venues fell for the sixth year in a row in 2013, as a minor rebound in betting on foreign fixtures was wiped out by an 18.8 percent nosedive in stakes placed on domestic races.
GamblingData estimates that the average slot machine spend among visitors to Las Vegas has fallen 5.8 percent year-on-year in the first five months of 2014, with slot floor activity proving relatively immune to a recent upswing in visitation.