Sector Snap: Casinos fall on Nevada revenue drop
(AP:NEW YORK) Shares of casino operators headed lower Tuesday as Nevada posted its 14th straight month of revenue declines in February. A report by the Gaming Control board indicated that Nevada casinos pulled in $830.9 million in revenue for the month, an 18.1 percent drop from a year earlier.
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Interesting gambling information:
- Riverboat Gaming Has Captured 20% of the Casino Market Share. Mississippi now has more gambling square footage than Atlantic City.
- In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.
- U.S. News and World Report did a comparison of crime rates in cities with gambling versus those that do not. The crime rates were significantly higher in the places that allowed gambling.
- The casino at Spa, a Belgian resort town noted for its mineral baths, was built by the Prince Bishop of the province of Liege in 1763.
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