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N.Y. casino license applications require $1M fee

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Nev. gaming breaks $1 billion with Chinese New Year help March 12, 2012 7:59 PM by Ray Poirier

Helped by the celebration of Chinese New Year, Nevada gaming revenues during the month of January broke through the $1 billion mark for the first time since the beginning of the recession.

Last year, Chinese New Year fell during the month of February.

According to figures compiled by the Gaming Control Board, casinos won $1.038 billion in January, a number that was 18.4 percent more than they did during the comparable month of 2011.

The total was boosted by a 29 percent increase in revenues won by casinos on the Las Vegas Strip. The total for January was $623.5 million, up from last year’s $482.7 million. Of that amount, the Strip casinos won $365.2 million from table games.

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Money laundering concern officials in CanadaGAMBLING ACTIVITIES

Money laundering concern officials in Canada

Recently, Chinese officials have been emphasizing the need to scrutinize gambling activities in Macau to be sure money laundering is not taking place. This has prompted the various Macau casino operators to increase their vigilance regarding the illegal activity.

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