Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Canada

Nevada Gaming Control Board: Nevada Gaming Abstract

Published

on

 

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/

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

% Change

Total

% Change

Gaming

% Change

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Area

Loss

from FY 2019

Revenue

from FY 2019

Revenue

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

from FY 2019

Statewide

$2,893,142,737

40.7%

$18,348,234,892

-25.2%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$6,746,883,467

-23.0%

Clark County

$2,912,541,800

54.9%

$16,298,422,043

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-25.8%

$5,773,824,541

-23.4%

Las Vegas Strip

$2,740,220,338

162.1%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$12,126,708,964

-26.7%

$3,387,496,073

-24.2%

Downtown Las Vegas

$21,914,582

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-87.8%

$932,318,182

-23.7%

$436,238,178

-23.3%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Laughlin

-$13,059,417

-113.6%

$530,828,762

-25.6%

$277,343,919

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-27.9%

Boulder Strip

$81,765,488

-61.5%

$879,342,448

-23.0%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$557,683,971

-22.1%

Balance of County

$81,700,809

-76.5%

$1,829,223,687

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-22.3%

$1,115,062,400

-20.5%

Washoe County

$21,290,888

-83.4%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$1,166,315,584

-19.4%

$474,929,043

-22.0%

Reno/Sparks

$13,229,233

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-88.0%

$1,039,760,602

-19.9%

$409,636,693

-23.2%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
South Shore Lake Tahoe

-$65,861,830

18.4%

$283,292,673

-19.9%

$131,274,877

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-16.0%

Elko County

$11,933,545

-79.6%

$316,825,925

-23.1%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$181,095,570

-17.7%

Wendover

$18,466,340

-63.4%

$201,775,837

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-21.2%

$113,950,499

-14.7%

Carson Valley Area

$3,758,939

-71.6%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

$122,862,793

-19.9%

$79,340,643

-18.9%

Balance of State

$9,479,395

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

-68.8%

$160,515,874

-22.5%

$106,418,793

-21.2%

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

 

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.

Continue Reading
Advertisement

BetConstruct

BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity

Published

on

betconstruct-becomes-the-first-igaming-company-to-offer-both-b2b-and-b2c-licenses-in-canada-through-affiliate-entity

 

BetConstruct, a global pioneer in iGaming and sports betting solutions, has announced a significant milestone in the gaming industry. Through its affiliate entity, BetConstruct has become the first iGaming company authorized to facilitate the issuance of both Business-to-Business (B2B) and Business-to-Consumer (B2C) licenses. This remarkable achievement was made possible by obtaining a direct license authorization from the Tobique First Nation in Canada.

The Tobique First Nation, renowned for its innovative and forward-thinking regulatory approach, has entrusted BetConstruct’s affiliate entity with the authority to oversee applications and facilitate the issuance of licenses from its jurisdiction. This partnership underscores shared values of innovation, transparency, and a commitment to responsible gaming practices.

This historic development places BetConstruct at the forefront of the Canadian iGaming market, redefining the opportunities available to gaming operators. By leveraging its affiliate entity’s licensing capabilities, BetConstruct empowers businesses to navigate a streamlined and transparent regulatory environment, unlocking new opportunities for growth and innovation.

“At BetConstruct, we’ve always strived to push the boundaries of what’s possible in iGaming. This landmark achievement with the Tobique First Nation reflects our unwavering dedication to creating opportunities for our partners while upholding the highest standards of responsibility and integrity in gaming,” said Vigen Badalyan, Co-Founder of BetConstruct.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The issuance of dual licenses under the watchful eye of BetConstruct’s affiliate not only highlights BetConstruct’s commitment to supporting its partners but also reinforces the company’s role as a trusted leader in the global iGaming landscape.

This milestone signals a new era for regulated iGaming, as BetConstruct takes bold steps to establish a robust ecosystem for operators and consumers alike. With its direct license authorization from the Tobique First Nation, BetConstruct is setting a new standard for innovation, consumer protection, and sustainable growth in Canada and beyond.

The post BetConstruct Becomes the First iGaming Company to Offer Both B2B and B2C Licenses in Canada through Affiliate Entity appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Canada

Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria

Published

on

great-canadian-entertainment-and-petroglyph-development-group-announce-closing-of-the-acquisition-of-casino-nanaimo-and-elements-casino-victoria

 

Great Canadian Entertainment and Petroglyph Development Group Ltd. announced that PDG has closed the previously announced acquisitions of Casino Nanaimo and Elements Casino Victoria from Great Canadian, in historic transactions for both parties. PDG is a wholly owned corporation of Snuneymuxw First Nation (the “Nation”) and is dedicated to realizing the economic potential of the Nation.

The transactions, originally announced on June 24, 2024, for Casino Nanaimo and September 10, 2024, for Elements Casino Victoria, have received all required approvals from the regulatory authorities.

“We are thrilled to have completed these transactions. An incredible amount of work has been undertaken by our corporate team, our on-site teams at both properties, and PDG to achieve this successful closing. I am grateful for their efforts, as well as everyone at the B.C. Lottery Corporation and the Gaming Policy Enforcement Branch, who were thoughtful, diligent, and thorough in facilitating these closings,” said Matt Anfinson, Chief Executive Officer of Great Canadian.

“We look forward to working closely with PDG during the transition period to support the continued successful operation of Casino Nanaimo and Elements Casino Victoria,” Anfinson added.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

“We celebrate the closing of our two casino acquisitions and our continued progress toward building a strong Snuneymuxw economy. For decades, Snuneymuxw leadership has worked tirelessly toward this moment, recognizing the connection between a strong economy, self-determination, and the foundation of nationhood. Today, we honour the achievements of those who came before us by securing businesses that will strengthen our Nation for generations to come. Thank you to the PDG and Great Canadian teams for your exceptional work. We look forward to a rewarding partnership with the B.C. Lottery Corporation, driving economic growth for the Nation and Province,” said Chief Mike Wyse.

Erralyn Joseph, President of PDG, said: “This measured acquisition marks an important milestone for PDG as we continue growing a corporate enterprise that reinvests directly into the prosperity of our Nation. With a strong operating plan focused on risk mitigation and yielding sizable returns, PDG continues to generate sustainable wealth for Snuneymuxw. With every step we are realizing our socio-economic potential and influence at a local, national, and global level. On behalf of the Board of Directors, we are pleased to share this news and remain committed to advancing economic growth in support of all residents connected to Snuneymuxw territory.”

“Acquiring these assets marks a pivotal shift for Snuneymuxw and Vancouver Island. This transition will fuel the Island’s economy, strengthening the Snuneymuxw Nation and ensuring the benefits stay local,” said Ian Simpson, Chief Executive Officer of PDG.

The post Great Canadian Entertainment and Petroglyph Development Group Announce Closing of the Acquisition of Casino Nanaimo and Elements Casino Victoria appeared first on Gaming and Gambling Industry in the Americas.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)
Continue Reading

Canada

Ottawa Black Bears Announce Partnership Deal with PowerPlay

Published

on

ottawa-black-bears-announce-partnership-deal-with-powerplay

 

The Ottawa Black Bears announced an extensive partnership agreement with PowerPlay Online Sportsbook and Casino that will see the company’s logo featured on the club’s home and away jerseys.

In addition to the jersey partnership, PowerPlay will also have branding elements inside the goal crease, behind the bench, on the LED display ring, and along the rinkboards for Black Bears home games at Canadian Tire Centre. As part of the deal, PowerPlay also becomes the exclusive sportsbook and online casino partner for the Ottawa Black Bears.

“We are thrilled to have PowerPlay on board for our inaugural season with such a comprehensive partnership agreement. Their investment with the Black Bears represents a foundational agreement for our lacrosse club. And we’re proud to wear their logo alongside ours as we launch our franchise,” said Chelsea McDermott, Vice President of Business Operations for the Ottawa Black Bears.

“We are excited to bring PowerPlay’s bold, community-driven spirit to Ottawa-Gatineau, partnering with the Black Bears as they establish themselves as a force in lacrosse. This partnership celebrates a sport deeply tied to Canada’s heritage and competitive energy. Together, we’ll ignite passion, energize fans, and deliver excitement all season long,” said Thomas Vermeulen, Marketing Director for PowerPlay.

Advertisement
European Gaming Congress 2024 (Warsaw, Poland)

The post Ottawa Black Bears Announce Partnership Deal with PowerPlay appeared first on Gaming and Gambling Industry in the Americas.

Continue Reading

Trending