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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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