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Atlantic City January 2016 Earnings

Saturday February 13,2015 :  JANUARY A WEAK MONTH FOR ATLANTIC CITY GAMBLING
 
Bad weather keeps the punters at home, but Internet activity continues to grow.
 
Internet gambling was once again the only really bright spot in gambling stats released Friday by New Jersey's Division for Gambling Enforcement (DGE).
 
Internet gambling revenue was up 26.5 percent year-on-year, reaching $14.63 million. And as observers commented, without that extra online revenue, the land casino operators win in January would have been limited to the $175.4 million they took in from traditional table games and slot machines...down 5.6 percent from January 2015.
 
“January started off strong with the New Year’s holiday weekend, but those gains were erased later in the month when a blizzard dropped up to two feet of snow in Atlantic City’s main feeder markets,” said Matt Levinson, chairman of the New Jersey Casino Control Commission.
 
 “As a result, a lot of people just couldn’t get here that weekend. So it isn’t surprising that revenue from the slots and tables was down for the month. But the bad weather that kept people home contributed to the 26.5 percent hike in revenue from online gambling.”
 
Overall, Atlantic City operators took in $190.1 million in the first month of this year, a decrease of 3.8 percent compared to January 2015. Land operations reported $122.9 million won on slots, and $52.5 million at table games.
 
In online operations for January 2016, at 14.7 percent poker contributed less to the internet gambling total than last year (19.5 percent) whilst online casino activity delivered 85.3 percent - an improvement on the the 80.2 percent achieved in the preceding year.
 
However, internet gambling still accounts for only 8 percent of total win in Atlantic City.
 
The performance ranking on those operators offering internet gambling remained largely unchanged, with Borgata leading the market with $4.5 million in winnings in January, followed by Caesars Interactive at $3.2 million; Tropicana at $2.8 million; The Golden Nugget at $2.5 million and Resorts at $1.4 million.
 
Overall (including land and online) The Borgata had the highest overall monthly revenue at $56.6 million, more than twice that of its closest competitor, Harrah’s. January was a rare up month for the Trump Taj Mahal, which is in the process of being taken over by billionaire investor (and Tropicana owner) Carl Icahn. The Taj Mahal was up 2.3 percent to $12.4 million in January.



Gambling News :

NHL Odds: Young Oilers Face Veteran Ducks in Round Two - Game Two in Anaheim (10:30 PM ET on NBCSN) features the first and second ranked teams in the Pacific Division during the regular season, with only two points separating them. The Oilers edged the Ducks 3-2 in regular season games, outscoring them by a slim 14-12 margin. This series will be close, and Game Two will decide who has the edge heading back to Edmonton.

BitStarz Casino pays out nearly $100,000 over 2 days - They say lightning doesn’t strike in the same place twice, but it did at BitStarz as yet another player lands a massive payout on an Amatic slot!

Americas Card Room Online Super Series Starts Now - The OSS Cub3d is Americas Cardroom’s 3-part tournament series. It features the Mini Online Super Series (MOSS), the now-underway Online Super Series (OSS), and the upcoming Bigger Online Super Series (BOSS).

New Quick Seat feature at Ignition Poker - New Quick Seat feature at Ignition Poker.In order to ensure our poker players’ user experience is even more seamless, we’ve introduced a new feature in our poker software called Quick Seat for both Ignition Poker.

Finnish people prefer the government to run the casinos - Nordic countries have been, historically, the main markets for the online casino operators. The reasons for this are rather clear - these countries are very cold and people simply prefer to stay home and gamble than go outside to visit a casino.

New Era of Gambling. Now with Bitcoins. - It is not a secret that more than half of the bitcoin transactions have been related, at least somehow, to the online gambling activities.

NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

Caesar’s Triumph Slot Launches - Caesar’s Triumph is new slot at Bovada that features the Roman dictator in all his glory. The action takes place on five reels where you’ll find 20 paylines and plenty of ways to spin your way to victory.

NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

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