posted on August 13, 2005 10:32:02 AM new
A lot of "Disposable" income being spent...
Nevada casinos win $11 billion from gamblers in fiscal 2005
By ADAM GOLDMAN
Associated Press Writer
LAS VEGAS (AP) -- Nevada casinos pocketed a record $11 billion from gamblers last fiscal year, an 8.8 increase over the previous year that was helped by the opening of Wynn Las Vegas and the Strip's continuing appeal to tourists, according to a state report released Thursday.
Casinos also won $954.2 million from gamblers in June - an 11.7 percent gain over the same month in 2004.
"June is historically a pretty quiet month," said Frank Streshley, a research analyst with the state Gaming Control Board. "The opening of Wynn in April is still growing the market, which is a good sign. It's not cannibalizing the market. The demand for Las Vegas has gone through the roof."
Streshley said this is the state's 11th consecutive monthly record for winnings.
The win was the amount left in casino coffers after gamblers wagered $12.5 billion during June, including $10.6 billion on slots and $1.9 billion on table games.
For the 2005 fiscal year that ended June 30, the slot win spiked 9.7 percent and table game win increased 7. 1 percent.
"Win" is a gross figure, with no operating costs or other expenses deducted. And it's casino revenue only - separate from hotel, restaurant or bar revenues generated by the resorts.
The state collected $55.2 million in percentage fees based on the June win, up 1.3 percent compared with the fees collected for the same month in 2004.
Las Vegas Strip resorts accounted for $489.6 million of the June win, up 16.4 percent. Downtown Las Vegas was down 2.9 percent, while North Las Vegas was up 16.9 percent and the Boulder Strip was up 7.1 percent.
Deutsche Bank gambling analyst Marc Falcone wrote in a Thursday investor's note that Strip casinos showed no signs of slowing down.
"We are encouraged by the strong table volume trends witnessed on the LV Strip as we continue through the seasonally soft summer months," Falcone said. "We anticipate operators with LV Strip exposure ... to capitalize on what we believe will be continued solid trends."
In June, northern Nevada, Reno casinos were up 0.6 percent. Sparks casinos were up 4 percent and Stateline casinos on Tahoe's south shore were up 1.3 percent.
Carson City area casinos were up 11.7 percent - the region's 26th consecutive monthly increase.
In June, games that produced the most win included blackjack at $103.2 million, up 14.9 percent; craps at $46.6 million, up 48.3 percent; and baccarat at $33.9 million, down 18.6 percent.
Slot revenues included $226.1 million from multidenomination slots, up 51.8 percent. Dollar slots won $92.4 million, down 10.4 percent; quarter slots won $132.1 million, down 13.7 percent; and nickel slots won $70.9 million, down 33.4 percent.
"Why, it appears that we appointed all of our worst generals to command the armies and we appointed all of our best generals to edit the newspapers. I mean, I found by reading a newspaper that these editor generals saw all of the defects plainly from the start but didn't tell me until it was too late. I'm willing to yield my place to these best generals and I'll do my best for the cause by editing a newspaper." --Robert E. Lee
posted on August 13, 2005 10:38:04 AM newA lot of "Disposable" income being spent...
Great thinking from the Republicans. The economy getting better because the Casinos are making more money. Now that is a great indicator. I wonder if that is what Greenspan uses to raise interest rates.
Half of the people going to casinos or those that play the lottery are the ones who can bearly support themseleves. They use their last bit of income to gamble in the hopes of winning it big.
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 10:50:32 AM new
[i]Half of the people going to casinos or those that play the lottery are the ones who can bearly support themseleves. They use their last bit of income to gamble in the hopes of winning it
big. [/i]
If they can't afford to spend the money, they shouldn't be gambling.....
"Why, it appears that we appointed all of our worst generals to command the armies and we appointed all of our best generals to edit the newspapers. I mean, I found by reading a newspaper that these editor generals saw all of the defects plainly from the start but didn't tell me until it was too late. I'm willing to yield my place to these best generals and I'll do my best for the cause by editing a newspaper." --Robert E. Lee
posted on August 13, 2005 11:06:13 AM newIf they can't afford to spend the money, they shouldn't be gambling.....
Good observation. I am glad you have your GED to tell me that. You should write a book so everyone can hear your great words of wisdom.
I supose next you will say, if you are to drunk, you shouldn't drive.
If you can't afford to raise a child, you shouldn't have one.
Now if only people would really listen to you.
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 11:34:33 AM new
Oh brother....NOW logansdad thinks people shouldn't spend their money in whatever way they wish to spend THEIR own money.
And if they don't have enough self-control to not spend money they don't have....that's the fault of the republicans. LOL
---------------------
Who said the economy isn't on the rise?
Only a few dems with blinders on who refuse to admit the truth of the stats.
Hey...just look at maggie....she's helping the economy too. New PC and now a new cell phone. Consumer spending DOES grow our economy...just as many are doing now.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 13, 2005 11:55:22 AM newNOW logansdad thinks people shouldn't spend their money in whatever way they wish to spend THEIR own money.
Your reading skills are bad again Linda. If you would take the time to read what is posted. I did not say that.
The following was said by Bear: If they can't afford to spend the money, they shouldn't be gambling.....
Linda you are really loosing it today. Did you forget to take your medication?
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 12:33:35 PM new
LOL....now logan is joining the group of copy-cat dems here.
You've been told more than one by more than one poster that your comprehension skills are showing....so now you copy-cat that and use it on me.
GET original, logan.
It was YOU who said, without any verification that it's at ALL true;
Half of the people going to casinos or those that play the lottery are the ones who can bearly support themseleves. They use their last bit of income to gamble in the hopes of winning it big.
Got proof of that? Want the government to step in and handle their money for them?
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 13, 2005 12:48:37 PM new
Got proof of that?
WHO PLAYS THE LOTTERY AND WHAT ARE ITS SOCIAL CONSEQUENCES?
Critics contend that the lottery preys on the poor and uneducated, though lottery advocates dispute this contention vigorously. The Center found that the weight of the evidence shows that lottery play is spread fairly evenly across almost all income groups and that the poor do not participate in lotteries out of proportion to their percentage of the population. However, the poor do spend a higher proportion of their incomes on lottery tickets than do players who earn more.
The Center says proponents and opponents mix up these measures of lottery participation when debating this issue. One measure is the participation rate, or the percentage in a group such as the poor who buy lottery tickets in a given period of time. A second measure is the average expenditure by members of the group, and a third is the prevalence of heavy players in the group.
Education levels, however, do affect how much lottery participants spend. The 1999 Report to the National Gambling Impact Study Commission states that participation rates do not vary much by education, but that the amount of money spent by players drops sharply as education levels increase. High school dropouts who play the
lottery are by far the biggest spenders. African Americans who play lotteries spend more than other racial groups.
Other socioeconomic groups that play heavily include males, Catholics, Hispanics, laborers, and the middle-aged.
This coming from the queen sockpuppet herself, who for the past 5 years, has reiterated the majority of the things that have come out of Bush's mouth
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 01:50:29 PM new
Very good logan - but ugh...one problem.
The Center found that the weight of the evidence shows that lottery play is spread fairly evenly across almost all income groups and that the poor do not participate in lotteries out of proportion to their percentage of the population.
then goes on with all their "However's"
But get real...no one is FORCING anyone to play. The republican's haven't been the only group who have supported bringing in the lotto's/gambling in all the different states they're in.
You're taking a gambling problem for some...and blaming it on republicans. Which is NUTS, logan....pure insanity.
These are grown people who are CHOOSING to spend their money however they wish. AND it is improving the economy of many states.
Matter of fact.... Las Vegas is the fastest growning town in the US.
And so bear's article about Nevada proves that people are more and more enjoying gambling as a form of entertainment.
Get a clue for once.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
edited several times to add and make changes above:
no where in your links did I read that you stating **1/2** was, in fact, a correct number.
THIS is what you claimed and I asked that you verify:
Half of the people going to casinos or those that play the lottery are the ones who can bearly support themseleves. They use their last bit of income to gamble in the hopes of winning it big.
[ edited by Linda_K on Aug 13, 2005 01:59 PM ]
posted on August 13, 2005 07:58:25 PM newYou're taking a gambling problem for some...and blaming it on republicans. Which is NUTS, logan....pure insanity.
I don't know what the heck you are reading Linda. Please show me where I ever tried to blame someone's gambling problem on either the Democrats or the Republicans. You are the one that is trying to make this in to a political issue, just like you do with everything else.
If anyone is insane Linda, it is you because you are not reading what is written. You try to twist everything to fit your own agenda.
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 09:37:02 PM new
The first post you made in this tread, logansdad.
Great thinking from the Republicans. The economy getting better because the Casinos are making more money. Now that is a great indicator. I wonder if that is what Greenspan uses to raise interest rates.
hmmmmm YOU brought political parties up FIRST, logan. YOU brought up republicans FIRST, logan.
You are the one that is trying to make this in to a political issue, just like you do with everything else.
So, I see it differently....all bear did was post an article about people using their money to gamble. It is growing Las Vegas....it does help with the economy. But YOU....started in with trying to bash it as the was 'republicans think'.....not I....not bear....YOU.
LOL
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 13, 2005 09:50:27 PM newhmmmmm YOU brought political parties up FIRST, logan. YOU brought up republicans FIRST, logan.
So I did. Did that offend you.
But you are still wrong in saying :You're taking a gambling problem for some...and blaming it on republicans.
I said no such thing Linda. Keep reading into things that are not there.
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 13, 2005 09:59:02 PM new
Did it offend me?
What is wrong with you. it was YOU who just blamed me for doing it.
You said: "You are the one that is trying to make this in to a political issue, just like you do with everything else.
I'm just pointing out to YOU that YOU were the one who brought politics into play first, NOT I. Did you miss that? LOL
And you're just trying to ignore the focus from the questions I asked you. Your 1/2 statement. LOL.....as I said...your links didn't prove your statement of fact.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
Your 1/2 statement. LOL.....as I said...your links didn't prove your statement of fact.
And I don't see anything that you posted to prove me wrong.
Absolute faith has been shown, consistently, to breed intolerance. And intolerance, history teaches us, again and again, begets violence.
----------------------------------
President George Bush: "Over time the truth will come out."
President George Bush: "Our people are going to find out the truth, and the truth will say that this intelligence was good intelligence. There's no doubt in my mind."
Bush was right. The truth did come out and the facts are he misled Congress and the American people about the reasons we should go to war in Iraq.
posted on August 14, 2005 06:17:45 AM newHey...just look at maggie....she's helping the economy too. New PC and now a new cell phone. Consumer spending DOES grow our economy...just as many are doing now....
LOL! ...and then she expresses her deranged fixation fantasies that are whirling around her wild imagination of her favorite character (me!) how she has any clue about the pot I pizz in. (Must have been the part where I said I go without so I can stay home.)
But you know Linda, when you ONLY have yourself to think about, the impulse and need is to keep buying hi-tech gadgets and toys to fill your voids. (Not that that isn't obvious, or anything....LOL>>>>>>>>>
posted on August 14, 2005 07:30:08 AM new
Dble, "But you know Linda, when you ONLY have yourself to think about, the impulse and need is to keep buying hi-tech gadgets and toys to fill your voids. (Not that that isn't obvious, or anything....LOL>>>>>>>>""""
Boy , Dble, attacking Linda with the truth like that when she and you are such good friends is really two-faced and nasty. Just because she is tied to the computer in every room in her house?
You'll turn on anyone won't you...no wonder you're alone so much
posted on August 14, 2005 08:02:01 AM newLas Vegas is the largest city in Nevada, United States, the largest city founded in the 20th century, and a major vacation, shopping, and gambling destination. In the 2000 census, the city reported a population of 478,434 [1].
The Census Bureau's official population estimate as of 2003 was 518,313. Las Vegas has been the county seat of Clark County since its formation in 1909 [2].
Recent figures place the population for the Las Vegas metropolitan area at around 1,950,000 people (2005 estimate [3]), the fastest growing in the United States.
posted on August 14, 2005 08:22:34 AM new
Well mingotree at least Linda's passion is comprised of politics; her concern for a nation. Quite different from the uninspired dragqueen yak and rancor here that you post.
.
[ edited by dblfugger9 on Aug 14, 2005 08:23 AM ]
posted on August 14, 2005 08:25:39 AM new
Oh Dble, you just can't ever address a post , can you?
Poor thing.
I still think you're nasty for making fun of your"friend" Linda...just because she's has no one and nothing to do but post her crap here
Who said anything about auctions?
Jack Sprat could eat no fat, his wife could eat no lean, and so farted through her mouth.
posted on August 14, 2005 08:37:05 AM new
You're right, dbl. They'll do ANYTHING to avoid answering questions put to them.
After all, typing and spelling errors are SO much more important to them than actually having a conversation when the questions get tough.
hey logan...you list of un-answered questions is growing.
You going to support your statement or is that just another one of your false assumptions?
Half of the people going to casinos or those that play the lottery are the ones who can bearly support themseleves. They use their last bit of income to gamble in the hopes of winning it big.
Was it just more hot air? Is that why you won't answer?
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 14, 2005 08:38:32 AM new
linda, with her favorite word..."vomit" to describe opinions other than her own and a new one, "nose snot" when others point out her lies.
posted on August 14, 2005 08:45:38 AM new
Boy....you sure can hand it out, helen....but you can't take getting back what you started. YOU brought up 'noses' to begin with. Don't want to get it back? Then don't keep starting it.
I could use the word puke....but vomit sounds so much more appropriate when mentioning what crowfarm/mg does in each thread. And brings to mind the picture that someone else posted of Linda Blair vomiting. That's how I see crowfarm/mg's posts here.
Now...IF you find her posts just so intellectual....that's your right.
And...I don't agree with your other statement either. I posted the PROOF....because you don't accept those numbers is YOUR problem....they're the FACTS.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
posted on August 14, 2005 08:53:24 AM new
Linda - Did you see Magpie and Calamity Sue on MADTV last night? ~What a riot! They did maggie with her cute little pebbles hairdo, and her Sidekick Crowfart, the dragqueen, trying to reach Bush on a golf course!
posted on August 14, 2005 08:58:51 AM new
Helen, would you prefer regurgitation?
Because thats about the only thing crowbait does here (to get attention). It cant possibly discuss issues because when it does it falls flat on its face.
posted on August 14, 2005 09:00:25 AM new
It was funny as hell, Linda!! I wish you could have seen it!!! I knew that was maggie and crowfart the minute I started watching it!!!
Now...IF you find her posts just so intellectual....that's your right.
Come on, Linda, youre maken me laugh way too much today!
..
posted on August 14, 2005 09:20:58 AM new dbl. Good...laughing is wonderful...what I read here often causes me to laugh. And it drives them NUTS to see my all the time. They very much [hate] me laughing at them.
----
helen has liked/admired crowfarm/mg since her first post on our board.
She has of course, lied and denied that is true....but again I posted helen's own words....THAT shut her up quickly.
"Whenever the nation is under attack, from within or without, liberals side with the enemy. This is their essence." --Ann Coulter
And why the American Voters chose to RE-elect President Bush to four more years. YES!!!
Consumer spending DOES grow our economy...just as many are doing now.