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Atlantic City Gambling Revenue Falls Again
10/11/09 - Atlantic City gambling revenues continue to be a cause for concern, although the decline seems to be slowing, according to September statistics released late last week.
Revenue fell by 5.8 percent compared with the same month in 2008, an improvement on the 16 percent decline reported in August,
Casinos took in $335.4 million in September, and four operations actually saw revenues increase. Slot machines delivered the best revenues at $231.8 million, but this was still down 5 percent on last year's numbers.
Table games were down 6.9 percent at $103.5 million.
Mark Juliano, CEO of Trump Entertainment Resorts which owns three Atlantic City casinos, told Associated Press: "I hope we're seeing signs that things are starting to stabilize. Perhaps the double-digit (declines) might be behind us. The real question is how long until we get back to the results we saw in past years, which is the question everyone in every business has."
Don Marrandino, eastern division president of Harrah's Entertainment Inc., said the while the results were helped by a Labor Day weekend that fell entirely within September this year as opposed to last year, it still felt better to see a smaller decline.
The news agency reports that the Borgata Hotel Casino & Spa returned to its customary place as the industry leader in September, posting a 6 percent increase. Other gainers included Resorts Atlantic City (up 3.9 percent); Harrah's Resort Atlantic City (up 3.1 percent); and the Tropicana Casino and Resort (up 1 percent.)
The biggest decline was recorded at the Trump Plaza Hotel and Casino, where revenues were down 16.5 percent, followed closely by the Atlantic City Hilton Casino resort (down 16.3 percent).
For the first nine months of the year, Atlantic City's casino revenues are down 14.2 percent, Associated Press reports, noting that Atlantic City is in its third straight year of declining revenues that began when slots parlours started opening in Pennsylvania in 2006.
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
Money Storm Casino -
Money Storm is not your typical online casino. While many focus on the quantity of games they offer their players, this one is more focused on the quality of their games.
Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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