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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.
$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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