This week's installment of Inside Gaming begins with a report showing Native American-owned casinos enjoyed a collective record revenue increase in 2015, tells how Las Vegas sportsbooks are planning to take wagers on Olympics events for the primary time in 15 years, shares news of illegal slot machines operating in Chile, and concludes with the tale of a traveler winning nearly half 1,000,000 dollars last night in McCarran Airport.
Tribal Casinos Report Largest Revenue Gain in a Decade
On Tuesday the National Indian Gaming Commission announced that gross gaming revenue among tribal casinos totaled $29.9 billion in 2015, a 5% increase over the former year and the biggest jump in a decade.
According to NIGC Chairman Jonadev O. Chaudhuri, "the strong regulation that tribes in addition to federal regulators and other stake holders provides has played a key role within the stability and growth of the Indian gaming industry by providing consistency and predictability."
The 5% increase dwarfs recent year-over-year increases which were reported by the NIGC. In 2014 tribal casinos were up 1.5% overall, in 2013 just 0.5%, and in 2012 they increased in revenue 2.7%.
The NIGC's findings include revenue reports from 474 tribal gaming operations run by 238 different tribes.
All seven of the designated regions around the country saw gains in 2015, with tribal casinos within the Sacramento region including the Thunder Valley Casino Resort (pictured above) increasing their revenue by 8.0% year-over-year. Other regions showing substantial increases were the Oklahoma City region (6.7.%) and the Tulsa region (6.5%).
Visit the NIGC for more at the historic gains for tribal casinos in 2015.
Las Vegas Sportsbooks Readying for Rio
The 2016 Summer Olympics are just a few weeks away as planning and preparations continue in host city Rio de Janeiro, Brazil. Meanwhile Las Vegas sportsbooks also are planning for the Olympic Games, as they are going to be taking bets within the two-plus weeks of events for the primary time since 2001.
Last year the Nevada Gaming Control Board voted to permit sportsbooks within the state to just accept wagers on Olympic events, reversing a prohibition that were in place for 15 years. In line with a feature this week within the La Times, "experts speculate Nevada books will accept around $20 million to $30 million in betting tickets on Olympic events."
The ban in 2001 came according to pressure from federal lawmakers to outlaw betting on college sports. From that discuss Nevada emerged still allowing wagers on college sports, but as a compromise decided to forestall allowing betting at the Olympics.
The new rules permit sportsbooks to take bets on any event happening some of the 28 sports being contested in Rio, but most believe the books could be setting lines on only some selected events.
Much of concentration is going to be on men's basketball, says Jay Rood who directs the sportsbook at MGM Resorts. He told the l. a... Times he believed 70% of the action could be on men's basketball alone. Rood added that his book want to take wagers on "hockey, probably the most track and field... the volleyball, the swimming," focusing totally on events that earn probably the most attention from the tv audience.
Rood additionally "said he and most of his peers will limit setting odds to popular contests which can be 'scored or timed, not voted upon by judges, apart from boxing, because that's the accepted type of scoring.'"
Jay Kornegay of Westgate Sportsbook also noted to the l. a... Times that setting lines on many Olympic events would require extra effort from the sportsbooks given the variability of events and comparatively unfamiliarity of participants and teams compared to the sports on which and so they focus.
"There's unusual names, countries and rules — in some cases, we do not even know the rules," Kornegay admitted. "So it will be an overly selective menu at most books — basketball, soccer, golf. You are not going to peer rowing, kayaking, fencing, handball."
The opening ceremony is ready for August 5, with the games lasting through August 21.
Read more about how the Vegas sportsbooks' preparations for the summer games on the L.A. Times.
Study Finds Thousands of Illegal Slot Machines Operating in Chile
A recent study by the Chilean Gaming Board has shown that greater than 33,000 illegal gaming machines are presently operating in Chile, G3Newswire reports.
For the survey, researchers visited greater than 3,000 businesses that have been granted licenses to run gaming arcades. They discovered" that 1,327 of them housed machines that handed out cash prizes — something that's in direct contravention of Chile's gaming laws, as in keeping with federal law, slot machines may only be found in casinos," reports G3Newswire.
The selection of illegal machines is probably going higher, because the survey didn't cover "neighborhood shops" or other establishments for which gaming was not considered to be their primary business.
The Chliean Gaming Board's study found that many arcades operating inside the coastal country house both straightforward slots (not allowed outside of casinos) and so-called "skill with prizes machines" that award cash prizes yet involve some part of skill.
The study results are being forwarded to every of the 88 municipalities of the South American country as a way to aid authorities of their efforts to thwart illegal gambling.
See G3Newswire for more on Chile's illegal slots problem.
Traveler Wins Over $478K from McCarran Airport Slot Machine
Finally, anyone who has ever traveled to Las Vegas via the McCarran International Airport understands the whirring sounds of bells and buzzers emanating from slot machines located in many of the terminals and elsewhere. There are greater than 1,300 of the machines in McCarran, in fact, to greet travelers arriving in Sin City or to present people who are departing one last chance to gamble before they leave.
Last night one such traveler decided to take a Wheel of Fortune machine for a spin, and he was glad he did. A Randall H. of Dublin, Ohio won an eye-popping $478,835.72 on the airport last night, as shared over McCarran's Twitter feed.
According to KVVU-TV of Las Vegas, a neighborhood resident won $933,080 at McCarran back in late March, also on a Wheel of Fortune machine.
Maybe next time we land we should not be in any such hurry to get our baggage.
Photo: Thunder Valley Casino Resort
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