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Weak February For Atlantic City Casinos
03/10/2012 : 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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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