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April 2016 Revenues up in Atlantic City
Thursday May 12,2016 : APRIL REVENUES UP IN ATLANTIC CITY
Online casino performance the best yet.
The New Jersey Casino Control Commission chairman Matt Levinson had good news Thursday, announcing that Atlantic City revenues (including the online contribution) were up 8.1 percent year-on-year to $215 million in April 2016.
Taking out online returns, the increase was still 6.3 percent.
Online casinos did especially well, delivering revenues of $14.3 million for a new monthly record, besting the previous record in March 2016 of $13 million.
Levinson described the results as heartening, adding:
“Part of the increase is the result of casinos doing a better job of attracting new customers in a challenging business environment.”
In total revenue terms, Borgata topped the list, up 4.2 percent at $60 million, followed by:
Harrah’s – down 1.1 percent at $29.1 million
Tropicana – up 9.5 percent at $27.7 million
Caesars – up 9.7 percent at $24.7 million
Golden Nugget – up 13.3 percent at $20 million
Bally’s – up 12.2 percent at $18.1 million
Trump Taj Mahal – down 4 percent at $15 million
Resorts – up 14 percent at $13.9 million
Breaking out the online contributions:
Borgata $4 million
Resorts Digital - Pokerstars $3.5 million
Golden Nugget $3.3 million
Caesars $3.2 million
Tropicana $3.1 million
Total online revenue was $17 million, up almost 34 percent year-on-year from the same month last year, achieving a new record and continuing a three month run of very positive numbers.
Observers who have been monitoring the impact of Pokerstars on the New Jersey online market noted that this was the first full month of operations, and it pushed online poker revenue up by 30.4 percent year-on-year.
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Ninja Power Slot Launched By Slotland -
I think our players will be inspired by the ninja warrior characters the game designers have created,” said Slotland manager Michael Hilary. “These warriors fought hard, gave it all they had. Quitting wasn’t an option.
WILL JACK LAM RETURN TO THE PHILIPPINES TO TURN HIMSELF IN? -
The Philippines online gambling and bribery scandal keeps throwing up new developments almost daily, with the latest a report that Macau-based online gambling tycoon - the man at the centre of the furore - has put out tentative "surrender" feelers.
Stephen Conroy appointed head of new responsible gambling grou -
Conroy retired from politics in September after a 20 year career, and has now been appointed head of Responsible Wagering Australia, a new responsible gambling industry body backed by online gambling operators CrownBet, Sportsbet, Betfair, Unibet and Bet365.
SquwaKa To Enter sports betting sector -
Football digital content platform SquwaKa will be entering the sports betting sector with the launch of a new FSB Technology built and powered sports betting service to sit alongside its fantasy sports offer.
RaceBets Acquired by Betsson -
Niche operator #RaceBets complements #Betsson offering with a proprietary horse racing product and an experienced horse betting trading team.
Playtech buys back 780,000 shares -
Playtech's advisory earlier this week that it is to embark on a Euro 50 million share re-purchase initiative has been quickly followed by a notification from the company that it has bought an initial tranche of 780,000 shares at prices ranging between 797.75 and 816.63.
Cash In Roulette -
The relatively new online gambling games developer Be The House, has announced that it is to launch its unique Cash In Roulette product with William Hill Online.
EveryMatrix in game deal with Endorphina -
#EveryMatrix Prague-based online slot developer Endorphina has found a new outlet for its games, signing a content supply agreement with white label provider EveryMatrix.
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