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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.
US$30M DUBAI WORLD CUP -
Racecourse Media Group and Meydan to showcase world’s richest raceday to more than 150 territories The Dubai World Cup is the first horse race to be broadcast live on airlines and cruise lines
NHL Odds: Forsberg Faces Elliott in Nashville -
The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.
NBA Odds: Hawks, Wiz in Southeast Showdown -
The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.
NBA Odds: Clippers Try to Slow Down Bucks in LA -
Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.
NHL Odds: Canadiens Welcome Islanders Tonight -
The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.
NHL Odds: Reeling Flyers Seek Relief in Pittsburgh -
#nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.
Dollars to Donuts Slot Launch -
Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.
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