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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.
Gambling News :
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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