Canada
Nevada Gaming Control Board: Nevada Gaming Abstract
The Nevada Gaming Control Board has released its “NEVADA GAMING ABSTRACT – 2020.” The ABSTRACT is a report of combined financial information regarding Nevada gaming licensees grossing $1 million or more in gaming revenue during the fiscal year ended June 30, 2020 (FY 2020).
During FY 2020, there were 267 casinos in Nevada which grossed $1 million or more in gaming revenue. Together, these casinos generated net income of $2,893,142,737 from total revenues of $18,348,234,892. These results are improved compared to FY19 when net income of $2,055,525,922 was recorded on total revenues of $24,546,009,009. “Total revenue” is the money spent by patrons on gaming, rooms, food, beverage, and other attractions. “Net income/loss” is the money retained by casinos after expenses have been paid but prior to deducting federal income taxes and prior to accounting for extraordinary expenses. Gaming revenue accounted for $6,746,883,467 or 36.8% of total revenue. These 267 casinos paid $693,999,763 in gaming taxes and fees, equating to 10.3% of their gaming revenue.
On a county-by-county basis, Clark County had 157 casinos grossing $1 million or more in gaming revenue during FY 2020, which generated combined net income of $2,912,541,800 from total revenues of $16,298,422,043. Washoe County had 33 casinos which reported combined net income of $21,290,888 from total revenues of $1,166,315,584. Elko County had 17 casinos with $11,933,545 in combined net income. South Shore Lake Tahoe in Douglas County with 6 licensees reported a net loss of $65,861,830. Carson Valley Area with 15 casinos generated net income of $3,758,939. The balance of the state had 39 casinos earning $9,479,395 in combined net income.
Net Income/ |
% Change |
Total |
% Change |
Gaming |
% Change |
|
Area |
Loss |
from FY 2019 |
Revenue |
from FY 2019 |
Revenue |
from FY 2019 |
Statewide |
$2,893,142,737 |
40.7% |
$18,348,234,892 |
-25.2% |
$6,746,883,467 |
-23.0% |
Clark County |
$2,912,541,800 |
54.9% |
$16,298,422,043 |
-25.8% |
$5,773,824,541 |
-23.4% |
Las Vegas Strip |
$2,740,220,338 |
162.1% |
$12,126,708,964 |
-26.7% |
$3,387,496,073 |
-24.2% |
Downtown Las Vegas |
$21,914,582 |
-87.8% |
$932,318,182 |
-23.7% |
$436,238,178 |
-23.3% |
Laughlin |
-$13,059,417 |
-113.6% |
$530,828,762 |
-25.6% |
$277,343,919 |
-27.9% |
Boulder Strip |
$81,765,488 |
-61.5% |
$879,342,448 |
-23.0% |
$557,683,971 |
-22.1% |
Balance of County |
$81,700,809 |
-76.5% |
$1,829,223,687 |
-22.3% |
$1,115,062,400 |
-20.5% |
Washoe County |
$21,290,888 |
-83.4% |
$1,166,315,584 |
-19.4% |
$474,929,043 |
-22.0% |
Reno/Sparks |
$13,229,233 |
-88.0% |
$1,039,760,602 |
-19.9% |
$409,636,693 |
-23.2% |
South Shore Lake Tahoe |
-$65,861,830 |
18.4% |
$283,292,673 |
-19.9% |
$131,274,877 |
-16.0% |
Elko County |
$11,933,545 |
-79.6% |
$316,825,925 |
-23.1% |
$181,095,570 |
-17.7% |
Wendover |
$18,466,340 |
-63.4% |
$201,775,837 |
-21.2% |
$113,950,499 |
-14.7% |
Carson Valley Area |
$3,758,939 |
-71.6% |
$122,862,793 |
-19.9% |
$79,340,643 |
-18.9% |
Balance of State |
$9,479,395 |
-68.8% |
$160,515,874 |
-22.5% |
$106,418,793 |
-21.2% |
In FY 2020, 61 casinos owned by public companies accounted for 71.0% of the total gaming revenue generated statewide during the fiscal year.
In addition to providing combined balance sheets and income statements, the GAMING ABSTRACT includes data concerning average number of employees, rate of room occupancy, revenue earned per room per day, gaming revenue earned per square foot of gaming floor space, and various ratios. Data is also combined into totals representative of casinos statewide with rooms and casinos statewide owned by publicly held corporations.
Powered by WPeMatico
Canada
ComeOn Group adds sportsbook to its offering in Ontario
ComeOn Group announced a significant milestone in its sportsbook expansion journey with the addition of sportsbook to their offering in Ontario following the successful acquisition of the required permits. This addition represents a strategic advancement in the Groups sportsbook growth trajectory where they are set to double its sportsbook business in the coming years.
ComeOn Group is one of 51 active operators in Ontario. The Ontario market has experienced robust growth since its launch, reaching C$6.7 billion in revenue in 2023.* By 2029, the market is forecasted to grow by a total of 29%, with 2024 expected to close with a 20% increase.
ComeOn keeps investing in its sportsbook business acceleration that is powered by its proprietary sportsbook platform and in-house risk management and trading team. As a multi product vertical operator, ComeOn is striving to give its customer base a safe and exciting entertainment destination and this approach is now expanded to their Ontario audience.
Juergen Reutter, Chief Executive Officer at ComeOn Group, said: “We are very excited about the opportunities this new milestone opens up for us. As a casino-led operator it represents a key part of our sportsbook strategy to double our business in the coming years. Like in any of our other markets, we are striving for a differentiated sportsbook entertainment experience that is powered by our in-house technology. Our goal is to deliver top-tier entertainment to our players while fostering safe and innovative gaming experiences.”
*Source – H2GC H2 Ontario Data 25.10.2024 (excl. Lottery)
BCLC
INTRALOT Announces New Project with the British Columbia Lottery Corporation for Online Lottery Platform
INTRALOT S.A. has announced the undertaking of a new project between the British Columbia Lottery Corporation (BCLC), the sole lottery operator for the Government of British Columbia in Canada, and INTRALOT Inc., its US subsidiary, for the provision of an online lottery platform. The project also includes the digitalization of the existing land-based network.
The solution will be based on the Player X platform, part of the Lotos X ecosystem, and adds to the company’s overall partnership with BCLC, which has been extended until 2028.
INTRALOT is a leading player in a changing world of gaming. With significant experience in looking forward and anticipating emerging trends, the company provides future-proof solutions to regulated lottery and gaming operators around the world.
Canada
IAGR announces Toronto as host city for 2025 conference
Hot on the heels of its most attended conference in history, the International Association of Gaming Regulators (IAGR) is excited to announce that its 2025 conference will take place in Toronto, Canada, from October 20 to 23, 2025.
The event will be held in partnership with the Alcohol and Gaming Commission of Ontario (AGCO) at the Westin Harbour Castle, offering stunning waterfront views and a premier, downtown Toronto location.
‘Fresh off the success of our Rome conference, we’re thrilled to continue the momentum with next year’s event in Toronto,’ said Ben Haden, IAGR President.
‘The IAGR 2025 conference promises to be another unparalleled opportunity for our global community to come together, collaborate and shape the future of gaming regulation. We’re looking forward to working with AGCO to bring it all together.’
AGCO CEO and Registrar Dr. Karin Schnarr, added, ‘We’re excited to welcome IAGR and its members to Toronto. This partnership provides a great opportunity to share Ontario’s innovative regulatory practices and foster meaningful discussions that drive positive change in the industry.’
Stay tuned for registration details early next year.
-
Canada7 days ago
ComeOn Group adds sportsbook to its offering in Ontario
-
Latest News7 days ago
Week 45/2024 slot games releases
-
Latest News7 days ago
ELA Games Welcomes Ewa Kaźmierska As MD
-
Balkans4 days ago
Synot Group Debuts at the BEGE in Bulgaria
-
Australia3 days ago
Vanguard Overwatch is Hardening Gaming Venues Against Financial Crime and Working Towards Minimising Gambling Harm
-
Compliance Updates4 days ago
Turkish Football Federation to Penalise Clubs Promoting Illegal Betting
-
Latest News7 days ago
Xanada Investments Announces FTDX as the Winner of the Xanada Startup Contest
-
Snoqualmie7 days ago
Snoqualmie Casino Announces Exciting Rebranding to Snoqualmie Casino & Hotel Ahead of Major Expansion