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Atlantic City 2016 Results
ATLANTIC CITY - 2016 A GOOD YEAR FOR INTERNET GAMBLING
New Jersey regulator releases FY 2016 results, showing that online gambling revenue grew 32 percent year-on-year.
The New Jersey regulator released the 2016 final performance figures for Atlantic City gambling Thursday, showing that online gambling operations assisted the land casinos to post their first revenue increase since 2006.
Online gambling revenues over the year came in at $197 million - a 32 percent year-on-year increase.
The 7 land casinos still active in Atlantic City won $2.6 billion from gamblers in 2016, an increase of 1.5 percent from a year earlier.
In related news, Thursday also saw the release of full year figures by the Nevada Gaming Control Board regulator.
The Associated Press news agency reports that Nevada’s biggest casinos combined to turn a profit in fiscal 2016 for the first time in eight years, but it wasn’t due to gambling winnings...room rentals and fees helped resorts generate income of almost $979 million from total revenues of $25.2 billion in the year ended last June 30.
That compared with a net loss of almost $662 million on revenues of $24.6 billion a year earlier.
Casinos across the state recorded net income for the first time since fiscal 2008, board analyst Michael Lawton said, but the trend continues to tilt away from gambling and toward restaurant, retail, entertainment and room rental business.
The revenue figure came in just 0.1 percent below the record $25.3 billion in total recorded in fiscal 2007, Lawton added.
McCarran International Airport was on pace in December to top the record 45 million passengers handled in 2015. The Las Vegas Convention and Visitors Authority reported a record number of tourists, 42.9 million, in 2016.
Lawton said the last time gambling revenues accounted for half the profit on the Strip was in the 1997-98 fiscal year. This year, gambling revenues dropped to 34.2 percent of the total, the lowest percentage ever and a decrease from 34.9 percent last year. Gambling revenue in 1990, by comparison, made up about 58 percent of the total.
Analysts said that while Las Vegas Strip casinos made about 2 percent more money in fiscal 2016 than they did in 2015, gambling revenues were up less than a quarter of a percent.
Room revenues, by comparison, grew almost 8 percent, and food revenues grew almost 3 percent, he said.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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