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Weak February For Atlantic City Casinos

Leap year's extra day notwithstanding, February was another disappointing month
Despite an extra day in February thanks to the leap year, Atlantic City casino revenues slid another 5.9 percent last month, edging down to $242.7 million, according to the monthly regulator's report.
Casino operators were expecting more from February, with the extra day, a President's Day long weekend and mild winter weather, but revenues dropped when compared with the same month a year ago, reports the Press of Atlantic City..
Slot winnings were down 4 percent to $176.2 million and table games revenue fell 10 percent to $66.5 million, the New Jersey Division of Gaming Enforcement reported Friday.
The Tropicana was among only three casinos to post higher slot machine revenue for the month, but blackjack ace Don Johnson took the casino for $2 million. Another blackjack player beat Tropicana out of about $4 million, and the casino's table games revenue plunged 118 percent.
Johnson, a player who hails from Pennsylvania, hit the headlines in 2011 when he beat Tropicana, Caesars Atlantic City and Borgata Hotel Casino & Spa out of a total of $17 million. With his latest win at Tropicana, he is now up $19 million, living up to his nickname “Beast of Blackjack.”
Golden Nugget, led the industry in revenue growth for February, up nearly 18 percent in combined slot and table games winnings to $10.9 million.
Eight of the 11 Atlantic City land casinos suffered revenue declines in February, led by the newly minted Atlantic Club Casino Hotel, which was down almost 29 percent.
In related news, local media reported that, after an unsuccessful three years of operation, The New York to Atlantic City train service, Atlantic City Express, is being discontinued.
Set up in 2009 and partly financed by the Borgata, Caesars and Harrah's casinos, the swish train failed to make a profit throughout its brief life.

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Gambling News :

FanDuel adds English Premier League action - Daily fantasy sports operator FanDuel, which is now additionally active in the UK market, has announced the inclusion on its roster of English Premier League action, with associated contests scheduled for roll-out next week.

Fortuna Entertainment Group in deal with Czech Football Association - Online gambling operator Fortuna Entertainment Group Nv has announced a sponsorship deal for an undisclosed consideration with the Czech Football Association (FAČR), effective from the 2018-19 season for six years.

Paddy Power and Inspired in Deal - The new agreement sees Paddy Power join a roster of other Inspired HTML 5 clients that includes William Hill, Gala Coral, Bet365 and Betfred.

Martin Crowley DraftKings Collusion Charges Dismissed - Our readers may recall a story that surfaced last month in which allegations were made that there was suspected collusion in a million dollar fantasy sports competition at DraftKings.

BeBetway British Horse racing Authority Authorized Betting Partner - Online gambling operator Betway has become the latest bookmaking firm to agree to voluntary payments over the next three years to the British Horse racing Authority in return for accreditation as an Authorized Betting Partner.

Coral Q4-2016 earnings reports - Ahead of its forthcoming merge with Ladbrokes, the online and land gambling group Coral published its Q4-2016 financial numbers Thursday, detailing the twelve week period ended September 25 2016.

Unibet in cooperation with - Online gambling operator Unibet Group has signed a cooperation agreement with the FIFA subsidiary Early Warning System GmbH (EWS).

Kiron Interactive in deal with Digitain - The online gambling expo and conference EiG 2016 has enabled two online gambling companies to come together in a commercial deal; specialist virtual games supplier Kiron Interactive has inked an agreement to distribute its virtual games via Armenia’s Digitain.

2016 World Poker Tour-best bet Bounty Scramble - That calmness and discipline not only kept Panzica in the game, but began to grind down Malones advantage, aided by some fortunate double up opportunities.

GLOBAL SPORTS BETTING WORTH $253.3 BILLION BY 2020 - Ujjwal Doshi, lead analyst at the research firm, says, “Low-cost cross-border service delivery is opening up sports betting markets, which were previously protected by state-regulated monopolies or dominant local operators.”

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