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Atlantic City March 2012 Revenues
04/11/2012 : DISMAL MARCH FOR ATLANTIC CITY
Land gambling revenues fell 5 percent
New Jersey's Atlantic City land casinos took another drubbing in March 2012, with gambling revenues dipping another 5 percent, according to figures released Tuesday by the state Division of Gaming Enforcement.
The twelve AC casinos took in $266.3 million in March, down $280.5 million from a year ago.
Table game revenue fell by 10.6 percent to $75.2 million, while slot machine revenue dropped 2.7 percent to $191.1 million. The data includes three limited-hour test days held at the state's newest casino, Revel. The casino saw $162,982 in revenues during that period.
The Resorts Casino suffered the largest decline in March, with revenue down 27.6 percent, from $15.3 million to $11.1 million. The Trump Taj Mahal Casino Resort saw the largest increase, with revenue up 17.1 percent, from $24.6 million to $28.9 million.
Overall, casinos have won $746 million in this year's first quarter, down 6 percent from the same period in 2011. Revenue from slot machines is down 2.4 percent over the first three months of 2012, while table game revenue is down 14 percent.
The casinos paid $20.1 million in state taxes in March.
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Content provider Konami will provide its Gypsy Fire and Fortune Stacks slot games to Rush Street Interactive-operated PlaySugarHouse.com on an exclusive basis in the New Jersey real-money online and mobile wagering market.
ITF TERMINATES BETWAY SPONSORSHIP DEAL -
The International Tennis Federation (ITF) has reportedly terminated Betway’s three-year sponsorship partnership as an extension to their anti-match fixing and sports integrity policy.
GSA To Launch European division -
The expansion enables the GSA to better focus on the regional needs of its members outside of North America and underscores its recognition and commitment to growing European membership.
Paddy Power Trading Update -
Company prevails despite adverse sports and US election results; Trump success cost the group GBP 5 million, whilst punter successes took another GBP 40 million in Q4-2016.
Tabcorp SunBets project -
The details were revealed this week in an IT News article quoting Tabcorp's chief information officer, Kim Wenn, who described the SunBets project as Tabcorp's biggest global venture yet.
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