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Winstreak Casino – It was something similar when Nevada eclipsed the $1 billion mark in a single month. No longer.

Pedestrians walk along the Las Vegas Strip with Paris in the background in February 2022. Nevada won more than $1 billion last month, extending its billion-dollar winning streak to 12 months. (Picture:

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Gross gaming revenue (GGR) from Nevada, sports betting and online poker totaled more than $1.113 billion in February 2022. This is the 12th consecutive month that the state’s gaming industry has eclipsed the ten-figure mark.

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The $1 billion monthly win was once widely celebrated. But with inflation on the rise, those days seem to be coming to an end.

Between 2008 and spring 2018, Nevada did not report three consecutive months of monthly gaming revenue of $1 billion or more. The state has spent some $1 billion+ since then, but nothing like the current one.

Nevada topped $1 billion seven times in 2019. But with the global pandemic keeping most everyone at home and severely curtailing their travel for most of 2020, demand to play in Southern Nevada skyrocketed last year, and the race is on. In 2022

February 2022 GGR is a 44% year-over-year increase from February 2021, when it won $772.4 million. Last month was also 7% better than February 2020 and 10% better than February 2019.

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Twelve consecutive months of at least $1 billion in game revenue is a remarkable achievement. But some say it might be smart to expect a slowdown in business in the coming months.

Michael Lawton, chief research analyst for the Nevada Gaming Control Board, says demand for the new Roaring 20s could last until 2022. Industry ahead.

Our competition will be extremely tough in the coming months and we are optimistic that this level of game winning will continue,” said Lawton. “However, there are many macroeconomic and geopolitical events that are happening in real time. it is not known how this may affect the trends we have seen in the last year.”

So far, things are golden in the Silver State. Almost every market measured reported year-over-year GGR gains, including the belt – the most important segment. Every gaming segment in Southern Nevada posted double-digit gains, with the Strip leading the way with a GGR of $599.1 million. That’s a year-on-year increase of 72%.

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Although Nevada’s GGR numbers for February represent significant gains over the same month in 2019 and 2020, rising inflation has significantly reduced the value of the increase.

The $1.113 billion in winnings is roughly $102 million more than February 2019 and $72 million better than February 2020. But with inflation rising at a rate not seen in decades, the $1.113 billion in premiums for the year 2019 and 2020 from last month is not what it seems at first. . In fact, they deny it.

With February 2019 inflation factors, the total GGR of $1.011 billion equals $1.12 billion today. Gaming revenue in February 2020 is $1.042 billion compared to $1.15 billion in 2022.

Crime Summary: Atlantic City, Mass. boardwalk fire evacuated, new details on Seminole Hard Rock attack Four lucky winners hit jackpots of at least $1 million at Las Vegas casinos last week.

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LAS VEGAS () — Four people left Las Vegas at least $1 million richer in the past week.

All of the jackpots landed at various casinos, and three of the four came from slot machines, starting with the big win at Treasure Island Las Vegas on Friday afternoon.

The winner, who chose to remain anonymous, hit the $1,089,850 jackpot on the Buffalo Gold Grand Progressive slot, according to a Treasure Island spokesperson, who noted the winner was a member of the TI Players Club.

Two days later, a Southern California woman hit the jackpot on Circa’s Wheel of Fortune slot, according to owner Derek Stevens. The jackpot was $1,075,234.28. Stevens shared a video on Twitter of himself posing with winner Nikki in front of the lucky machine.

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$1,075,234.28! Our friend Nikki from SoCal just hit the #WheelOfFurtune @CircaLasVegas pic.twitter.com/E2GOlPN6sA — Derek Stevens (@DerekJStevens) November 14, 2021

Another lucky player struck it rich Sunday when he hit the 1,393,273 face-up PiGo Mega Progressive Jackpot at Harrah’s Las Vegas, Caesars Entertainment announced. Kuklong Pham, a professional athlete from Washington, was in town on business, Cesar said.

The winning streak continued Tuesday with a Hawaii woman who said she was in town for Sunday’s Las Vegas Raiders-Kansas City Chiefs game. Seven minutes after playing the Wheel of Fortune Double Diamond slot at Main Street Hotel Casino, he hit the jackpot and won $1,025,602. His bet? Two dollars according to Boyd Gaming.

Casinos are rebounding in a big way after the coronavirus pandemic crisis, according to the American Gaming Association. Nevada casinos have reported $1 billion in revenue in just over six months, and the streak is expected to continue. Last week, Microsoft co-founder Paul Allen’s historic art collection broke the record for the largest sale in auction history.

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The fact that the blue-chip art market is still hitting records amid major financial market downturns and the economic crisis highlights why it can be such a powerful alternative diversification. The high-end art market has remained resilient through downturns such as the dot-com bubble and the Great Financial Crisis.

This Unicorn investment platform aggregates the results of thousands of such auctions, generates millions of data points and creates custom indexes to search the market for artists with the highest speed. It then acquires works from these artists, insures them and allows ordinary people to invest in the stock.

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Back to the returning hermit, the person who woke up from a coma, the newbie who now, of all time, decided to learn about the markets: in case you didn’t know, it hasn’t been a good year for cryptocurrencies. .

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Terra, Three Arrow Capital (3AC), Celsius, and Voyager crashed. The market capitalization of the sector fell; And the volume of NFT trades has dwindled to nothing. But in the middle of a year of bad weeks, it was the worst.

This is not strictly numerical. Over the past seven days, the total cryptocurrency market cap has fallen by 20%, still down from a 26% plunge in mid-May.

But in the last seven days, something deep broke. On Tuesday morning, cryptocurrency exchange FTX announced that it had agreed to buy rival Binance. The news comes after days of sparring between CEO Sam Bankmanfried and Changpeng Zhao (CZ), with Binance’s CEO questioning the financial stability of his rival’s empire. By agreeing to the sale, Bankman-Fried confirmed that CZ was right, at least in a broad sense. When users left the exchange, FTX was left with a hole it could not fill, by some accounts as much as $10 billion.

By Thursday morning, the tune had changed. Binance took a closer look at FTX’s finances and found them to be worse than they imagined. The following day, Bankman-Fried announced that he was stepping down as CEO and that FTX and related entities had filed for bankruptcy. Since then, rumors of a “hacking” of $515 million worth of FTX funds – which may have been an inside job instead.

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It’s too early to know what happened. Bombs seem to be dropping every day and cryptocurrencies have a rare gift of creating even more definitive scrambles. Any actual events that occur may not be very significant. The implosion of FTX represents a watershed moment. This is a crisis of faith in the industry and should force us to aggressively update our mental models. It’s an opportunity to consider what crypto is, what it should be, and the vast distance between now and then. If it isn’t already clear, I say these things to myself and to the wider field. Personally, this week signaled a hard reset (perhaps

What seems undeniable is this: a company considered one of the most impressive, innovative and active in the field of cryptocurrencies.

This sister organization appears to be lending $10 billion in customer funds to save Alameda. It was the company that raised billions in funding from legendary investors like Sequoia Capital, bought the naming rights to NBA stadiums, gathered lenders like Voyager, ran a hugely profitable cryptocurrency exchange, made Tom Brady a funny advertising icon, and Larry David. in the Super Bowl and got the attention of almost every media outlet on the planet, including this one.

Those who have been following The for a while will know that I consider FTX to be one of the most remarkable startups on the planet. Their growth and performance was fascinating: what?

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