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Atlantic City Casino Revenue Down another 5% For July 2010
July stats show a 5 percent decline in revenues
Official statistics for July 2010 show that Atlantic City land casinos again experienced a decline in revenues - 5 percent lower than the comparable period last year - as competition from neighbouring Pennsylvania added to New Jersey casino woes.
The New Jersey Casino Control Commission reported Tuesday that revenue for the 11 Atlantic City casinos fell to $363.9 million.
The Commission's numbers show that casinos won $252.9 million at the slot machines and another $111 million at table games. Slots revenue fell 5.2 percent from July 2009; table game revenues decreased by 4.5 percent.
Competitive pressure from two neighbouring states contributed to the decline, with Pennsylvania gambling parlours introducing table games on July 8, a few weeks after Delaware did likewise.
Casino analysts have predicted that the stepped-up competition could cost a quarter of its annual table games revenue, or $300 million a year.
For the first seven months of the year, Atlantic City casinos won $21.4 billion, down 7.9 percent from the same period in 2009.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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