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Atlantic City Revenues up in September 2014
Tuesday November 25,2014 : ATLANTIC CITY PROFITS UP IN THIRD QUARTER
Internet revenues and the absence of losses from failed land casinos see a 7.2 percent rise.
The absence of losses from failed land casinos, along with the new revenues from online gambling launched a year ago, have helped Atlantic City gambling venues to achieve a 7.2 percent rise to $147.5 million in gross operating profit in the third quarter ended September 2014.
Associated Press reports that the numbers include comparisons with four casinos that incurred substantial losses and have since closed.
Taken in isolation, the eight Atlantic City casinos currently operating posted a 3.4 percent increase in gross operating profit to $152.3 million in Q3-2014.
But for the first nine months of 2014, the eight casinos still operating reported an operating profit of $319 million, down 1.5 percent from the corresponding period last year.
Resorts Casino Hotel - an operation with which Pokerstars is hoping to partner if it can achieve New Jersey licensing - posted the largest rise in gross operating profit at $4.9 million, up nearly 600 percent from the $708,000 it earned in the third quarter of last year.
The other success story in the quarter was the Golden Nugget, which delivered a Q3 operating profit of $5.6 million, up 165 percent from the third quarter of last year.
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Amaya FY2016 Trading Update -
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LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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