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Atlantic City Showing 35 Percent Gambling Decline
Tuesday April 8,2014 : ATLANTIC CITY'S WOES WORSENED IN 2013
New official numbers show a 35 percent decline in gambling profits.
Official numbers just released show that Atlantic City's fortunes continued to wane last year, with gross operating profits down by almost 35 percent on 2012.
Associated Press reports that Atlantic City casinos posted a collective gross operating profit of $235 million, down from $360 million in 2012.
Things were a little better in the fourth quarter, when the casinos reduced their gross operating losses by more than 73 percent, to a loss of $5.7 million in the last three months of the year. That was compared with a loss of $21.6 million in the same period of 2012, when New Jersey was badly impacted by Superstorm Sandy.
Competition from neighbouring states and the economic climate have all contributed to Atlantic City's decline in recent years, costing thousands of jobs and billions in corporate losses.
The region has only another two-and-a-half years before Governor Chris Christie carries out his threat to consider the expansion of gaming to other parts of the state of New Jersey.
Only two of Atlantic City’s land casinos were able to boast improvements in gross operating profit: the Tropicana Casino and Resort increased earnings by more than 47 percent to $26.5 million, whilst the Borgata Hotel Casino & Spa saw a more moderate improvement of just 2 percent in profit to $121.6 million for the year.
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
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NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
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The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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