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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.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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