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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.
Cryptologic 14 top games to be provided to Loto-Quebec -
02/08/2012 : The companies have signed a multi-year agreement that will see Cryptologic providing a portfolio of quality games to the Societe du jeu virtuel du Quebec, the online gaming division of the provincial state lottery corporation Loto-Quebec, known as Espacejeux.
Utah : Online Gambling : HB108 -
02/08/2012 : An intrastate attempt by Utah politician Stephen Sandstrom to introduce state legislation banning any legalisation of internet gambling has failed at the start gate.
MORE U.S. DISCUSSION ON INTERNET GAMBLING DUE THIS WEEK -
02/08/2012 : Interest in online gambling in the United States is set to continue on Thursday this week when the US Senate Committee on Indian Affairs meets to hear the views of a wide cross section of interested parties on the possible impact of legalised internet gambling on tribal gaming.
Judge wont dismiss DoJ Black Friday charges -
02/08/2012 : Former Utah banker John Campos and e-processor Chad Elie, who face charges relating to the payment processing of online poker transactions, suffered a setback Tuesday when a Manhattan judge refused to allow their motion for dismissal of Black Friday indictments against them.
ANOTHER MAJOR INTERNET GAMBLING BUST IN MALAYSIA -
02/08/2012 : Police units in Malaysia raided a series of premises in a week long anti-online gambling operation, seizing 225 computers and detaining 47 men, according to reports from the Bernama news agency. All of the detained men were later released on bail.
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