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Atlantic City land casinos chop March comps by 12.4 percent

Many gamblers have commented on Internet message boards this year on the increasing "stinginess" of land casinos when it comes to "comps" - player incentives in the form of free meals, drinks, shows, hotel rooms and promos. Clearly the dismal declines in business that the US industry in particular is experiencing in recessionary times has created a need to economise.
 
America's second largest gambling centre, Atlantic City in New Jersey mirrors similar economies being practices by land casino managements in Las Vegas and indeed across the country. Associated Press reports this week that during March 12.4 percent less freebies were handed out by Atlantic City operations.

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Rob Stillwell, a spokesman for Boyd Gaming, which owns casinos in Las Vegas and Atlantic City and in Midwestern and Southern states, told AP: "We're much more cautious with our money. You've got to be more strategic in targeting your customers."
 
Atlantic City's 11 casinos had $339.6 million in complimentary expenses in Q1 2009, down 9.2 percent from the first quarter a year ago. Revenues at Atlantic City's casinos fell 7.6 percent last year, and so far this year, are down 16.2 percent, Associated Press informs.
 
Revenues at Nevada casinos were down 18.1 percent in February, and 14.6 in January this year.
 
Interviews carried out by AP with casino executives and analysts showed that most major gambling markets are reducing their comp spending.
 
"You're seeing comps coming down because the market is just not allowing (casinos) to be as generous as they once were," said Steve Norton, a gambling industry veteran who runs a Missouri casino management company. "It's just not as viable to do that now.
 
"A lot of people are out of work," he said. "They have more time to spend in the casinos; they just don't have money to spend in them."
 
Resorts Atlantic City, where Norton was once vice president, is fighting off a foreclosure threat by its lender. Its co-owner, Nicholas Ribis, told New Jersey casino regulators earlier this year that Resorts had been giving away "too much food, too much drink, too much everything."
 
David Schwartz, director of the Center for Gaming Research at the University of Nevada, said freebies typically go in cycles as casinos try to one-up each other to attract players, then pull back when their giveaways no longer become worthwhile. He said anecdotal evidence suggests comps have gone down in Las Vegas.



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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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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