Nevada Gaming Win Down

A decline in baccarat hold ended a five-month winning streak in the Silver State’s gaming revenue. Online poker revenues remained disappointing, dropping off more than one-fifth to less than $750,000. But slot revenues were healthy.

In August, Nevada saw its first decline in total gaming win since February, ending a five-month winning streak. According to Poker News Daily, Nevada casinos brought in 0 million in total gaming revenue in August, a 3.66 percent drop from July.

According to the Las Vegas Review-Journal, a drop in baccarat hold drove the overall decline, while slot win was up 5.87 percent.

Online poker, however, generated just $742,000 for the month of August, down from 958,000 in July, a precipitous 22.5 percent decline.

Ultimate Gaming, which recently bowed out of the New Jersey market, still believes in the Nevada online poker market. In a statement last month to pokerfuse.com, Chairman Tom Breitling said, “Ultimate Gaming will continue to focus on improving its online poker product and overall customer experience in Nevada.”

Sources told the website that the company will soon release version 3 of its online poker client, which includes iOS and mobile support.

“We will also continue to conduct live events at Station Casinos and Peppermill properties,” Breitling said. In addition, he said, “We will continue to evaluate opportunities in all commercially viable jurisdictions.”

That may include California, which is expected to legalize online gaming in the upcoming legislative session.