{"id":17118,"date":"2015-10-29T10:57:20","date_gmt":"2015-10-29T18:57:20","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=17118"},"modified":"2024-03-26T06:18:35","modified_gmt":"2024-03-26T14:18:35","slug":"baccarat-buoys-the-strip-last-call-for-vegas-club","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/baccarat-buoys-the-strip-last-call-for-vegas-club\/","title":{"rendered":"Baccarat buoys the Strip; Last call for Vegas Club"},"content":{"rendered":"

Not only were Nevada<\/strong> gaming revenues up 2% last month, so were Strip revs, propelled by heavy baccarat play. In addition to 17% \"The<\/a>more being wagered, the house played lucky, winning 24% than last year. That more than made up for a weak performance at the slots, down 5% on slightly lower coin-in and looser holds. Table games not called “baccarat” or “poker” were up 2%, despite 6% less money being wagered.<\/p>\n

The locals market continues to confound; downtown Las Vegas<\/strong> was up 9% and Laughlin<\/strong> rose 8%. But North Las Vegas<\/strong> experienced a 7% decline and the Boulder Strip<\/strong> was off 5.5%. Outlying Clark County<\/strong> casinos were flat. Unfortunately, Deutsche Bank<\/strong> lumps Reno<\/strong> and ever-volatile Lake Tahoe<\/strong> under “Other Nevada,” although a 3% gain bodes well.<\/p>\n

* You can write the final, sad chapter in the history of the Vegas Club<\/strong>. Outgoing owner Tamares Group<\/strong> is selling what remains<\/a> of Mel Exber<\/strong>‘s collection of sports memorabilia at the nearby Plaza Hotel<\/strong>. The latter’s CEO, Jonathan Jossel<\/strong>, put the best spin he could on the turn of events, saying,\u00a0“This pop-up gallery is a great opportunity for those looking for sports memorabilia that also was a unique piece of Las Vegas history.” Give Tamares props paying it forward by\u00a0donating 10% of sale proceeds to the UNLV<\/strong> library’s special collections.<\/p>\n

* Churchill Downs<\/strong> reported its best quarter ever, thanks not to the sport of kings nor to racinos but its Big Fish<\/strong> social-gaming application. Churchill Downs booked $280 million in revenue in 3Q15. Big Fish saved the quarter, in which Churchill Downs reported a slim, $4 million profit. Big Fish Games, meanwhile, grew by 34% in sales, representing $114 million in quarterly revenue. A poor performance at Arlington International<\/strong> track, near Chicago<\/strong>, drove racing revenues down 5%, to $39 million. Racinos contributed $83 million to the balance sheet.<\/p>\n

*\u00a0Illinois<\/strong> state Rep. Mike Zalewski<\/strong> (D) made if official, introducing a bill to regulate daily fantasy sports<\/a> in the Land of Lincoln. FanDuel<\/strong> says it is looking forward to working with Zalewski. Uh-huh. Ever wonder if DFS might have avoided this pickle if FanDuel and DraftKings<\/strong> hadn’t been so hellbent on getting all up in your face with their incessant advertising?<\/p>\n","protected":false},"excerpt":{"rendered":"

Not only were Nevada gaming revenues up 2% last month, so were Strip revs, propelled by heavy baccarat play. In addition to 17% more being wagered, the house played lucky, winning 24% than last year. That more than made up … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[88,176,51,14,67,58,37,76,49,53,78,79,47,9],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17118"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=17118"}],"version-history":[{"count":3,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17118\/revisions"}],"predecessor-version":[{"id":33047,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/17118\/revisions\/33047"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=17118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=17118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=17118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}