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Atlantic City Casinos Decline 7.4 percent in 2011

04/05/2012 : ATLANTIC CITY CASINO PROFITS SLIDE A FURTHER 7.4 PERCENT
 
Gross operating profits at 11 land casinos in 2011 declined to just under $495 million.
 
The latest New Jersey Division of Gaming Enforcement gambling stats released Wednesday reveal that Atlantic City's 11 land casinos saw gross operating profits decline by 7.4 percent in 2011, to just under $495 million.
 
The numbers show a marked decline from the 2010 figure of $534.6 million, with Associated Press noting that Atlantic City recently lost its status as the nation's No. 2 casino market to Pennsylvania.
 
Optimists pointed to the Q4-2011 improvement; over the final three months of the year, the casinos' gross operating profit increased by 26.1 percent from the same period in 2010, to $78.5 million.
 
However, over the full year only four of the 11 casinos showed increases in gross operating profits - Caesars Atlantic City, up 21.5 percent to $87.3 million; Trump Taj Mahal Casino Resort, up 9.1 percent to $55.3 million; the Showboat Casino Hotel, up 7.4 percent to $48.4 million, and Trump Plaza Hotel and Casino, which went from a $2.3 million operating loss in 2010 to a $2.6 million operating profit in 2011.



Gambling News :

Bovada Poker is Back - We've got some great news! Poker is back at Bovada. Players who never claimed the Poker Welcome Bonus are still eligible to redeem the bonus and get in on the action.

Gnome Wood Slot Launches - An enchanting adventure awaits players in Gnome Wood, a magical 5-reel, 25 payline online slot from Rabcat, exclusive to Microgaming and Quickfire operators.

108 Heroes Multiplier Fortune - 108 Heroes Multiplier Fortune brings the band of warriors back together in this 3-reel, high-action online slot.

Bitcasino.io Relaunch - Bitcasino rebrands with focus on ‘fun, fast & fair’ gaming. The new site introduces a striking modern design for a whole new gaming experience, including easier access to Bitcasino’s market-leading range of over 1,300 slots, table games and live dealer casinos from the industry’s leading suppliers.

League of Legends Live Odds - This week, Betradar, the premium partner for the betting industry worldwide, has officially launched live odds for League of Legends, developed in conjunction with esports big data specialists DOJO Madness.

JETS Media Traineeship awarded to Shelley Birkett and Jason Kiely - The 10-week RMG – JETS Media Traineeship will cover all aspects of the media, including presentation, punditry, production, digital, marketing and PR.

Comunio in deal with - One of the leading providers of fantasy sport across Europe, Comunio, has kicked off its pre-season build up by signing a transfer deal that will see Sportradar

McGregor’s Odds vs. Mayweather Get Even Shorter - Conor McGregor is still the underdog for his August 26 superfight in Las Vegas with Floyd Mayweather Jr., but his odds are improving. McGregor has shortened from +375 last week to +350 at press time, with Mayweather moving from –550 to –500.

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MLB Odds: Yankees vs. Jays at Rogers Centre - The Toronto Blue Jays (56-61, –14.26 betting units) are moving slowly up the AL Wild Card standings, and they can get closer to the Promised Land by beating up on the injury-plagued Tampa Bay Rays (59-60, –2.79 units). Game 2 of their four-game series is Tuesday at 7:07 PM ET on Sportsnet.

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