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Atlantic City Revenues keep Declining : Sept 2011
Wednesday October 12, 2011 : But at least the decline is slower
Gambling revenue in New Jersey continued to decline last month, falling 0.6 percent to $294.7 million, the state's Division of Gaming Enforcement said Tuesday.
Table games win actually increased 2.7 percent to $89.8 million but slot machine win slipped 1.9 percent to $205 million.
Year to date, revenue is down 7.8 percent, the regulators revealed, adding that the casinos paid $20.5 million in taxes on gross revenues in September.
Associated Press opined that Atlantic City’s long casino slump may be nearing its end, describing the slower decline as "a heartening development in the nation’s second-largest gambling resort in the midst of a nearly five-year revenue skid."
For the first nine months of the year, New Jersey casinos won $2.6 billion. That’s down 7.8 percent from the same period in 2010.
In stark contrast was a report from the Macau Daily News, which revealed that in the first nine days of October alone the gambling enclave’s land casinos generated MOP 10.8 billion (around US$1.35 billion) in revenues.
The massive burst of gambling is attributed to the Chinese national holiday week according to information compiled by Portuguese news agency Lusa.
Macau’s visitor arrivals during the Chinese national holiday week rose 13.27 percent to 775,968 from a year earlier, the city’s tourism office said in a statement.
According to gaming analysts, casino operators in Macau are set to see October revenues surge around 40 percent to a record MOP 26 billion (USD 3.24 billion).
Local gaming revenue reached MOP 194.4 billion in the first nine months of the year, 46 percent higher than a year earlier (see previous InfoPowa reports). Even though there are three months still to be accounted for, the accumulated total is already higher than in the whole of 2010, when it hit MOP 188.3 billion.
And in Las Vegas, gambling revenues again slipped in August by 8.7 percent, ending three months of gains. Betting declined to $496.9 million on the Strip, Nevada's Gaming Control Board said Tuesday.
Revenue is up 5.2 percent for the first eight months of 2011 from a year earlier as the city stages a bumpy recovery from a record two-year drop in gambling and conventions.
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.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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