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Pennsylvania Casinos Make More Then AC Casinos
12/20/11 : ross gaming revenue from state's 10 gaming halls came in at $245.8 million in November
There was more bad news for the embattled Atlantic City gambling centre this week when neighbouring rival Pennsylvania released its November gambling numbers, for the first time claiming to overtake the New Jersey gambling mecca.
Reporting on the story, the Atlantic City Press revealed that for the month of November, Pennsylvania's 10 gaming halls pulled in a total of $245.8 million in gross gaming revenue from slot machines and table games, compared to $245.1 million for the 11 Atlantic City casino hotels.
Traditionally, Atlantic City has always been the top revenue producer each month in the region since casino gambling began in Pennsylvania in late 2006.
Pennsylvania's table games generated $54 million in revenue in November, according to figures released Friday by the Pennsylvania Gaming Control Board. Earlier this month, the gaming board reported that Pennsylvania had $191.8 million in slot machine revenues for November.
While both slot machines and table games were up in November in Pennsylvania, Atlantic City's revenue continued to decline. Atlantic City's slot revenue, falling 5 percent to $173.2 million; and table games were down nearly 10 percent to $71.9 million in November, New Jersey Casino Control Commission figures show.
On a year-to-date basis, Atlantic City - the nation's second-largest casino market behind Nevada - remains ahead of Pennsylvania in total gaming revenue for the first 11 months of 2011.
Some gaming analysts are predicting that Pennsylvania will surpass the slumping Atlantic City gaming industry next year to become the East Coast's biggest market.
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Mybet Earnings Struggle -
The statement this week reveals that Mybet continued to be hampered by negative trends from historic quarters, making its original performance estimate "unrealistic".
Tom Horn Awarded Malta Gaming License -
Online gambling software provider Tom Horn Gaming has been awarded a Malta Gaming Authority license that permits the company to host and manage Malta-based gaming operators.
Calvin Ayre invests in new Antigua Business Center -
Ayre joined with government officials this week in a ground-breaking ceremony for a five-story centre on Antigua which will be home for the venture. The "green" building will be solar powered and provide employee-friendly services like catering, a gym and child care.
Attack of the Zombies Slot -
Online gambling games developer Genesis Gaming has unveiled its latest game, with a theme based on a horror story of the undead, exploiting the current trend....and just in time for Halloween.
Why is FullFlush Poker Still Down -
Its now almost a month since Full Flush Poker went offline "for a platform upgrade" and stopped communicating with its reportedly many unpaid and unhappy players. All trace of the operator - and means to communicate with it - have vanished.
Time Running Our For Pennsylvanian online gambling -
Hopes that this week would see the Pennsylvanian Senate voting on an online gambling and DFS legalization bill already passed by the House four months ago dwindled Wednesday when no progress was made and the legislatures season officially closed.
Yggdrasil Gaming Expanding -
The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.
FanDuel and DraftKings Settle With NY Attorney General -
Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.
Stan james Now Live With EPOS -
The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.
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