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2010 ANOTHER POOR YEAR FOR ATLANTIC CITY

Posted 1/11/11 : Over four years, the USA's second largest gambling mecca's fortunes have declined by a third.
 
The official numbers for 2010 confirm the perceptions over the past twelve months that Atlantic City - America's second biggest gambling centre - is still in decline.
 
Year-end figures released Monday show Atlantic City casinos took in $3.6 billion in 2010, a year-on-year drop of 9.6 percent, and down from $5.2 billion in 2006. The poor results marked a fourth year of decline in which the region has lost almost a third of its business.
 
Since the decline began in 2007, the southwards-heading stats have been a bitter pill to swallow after a history of 28 consecutive years of soaring casino revenues.
 
Associated Press took a positive approach, noting that moves in the New Jersey legislature (see previous InfoPowa reports) bring the hope that 2011 might be the year in which the bleeding finally stops. The initiatives include a state-run tourism district in the casino zone and less regulation for the 11 gambling halls.
 
"This is the year I actually look at the glass as being half-full," said Bob Griffin, CEO of Trump Entertainment Resorts, which owns three casinos here
 
He told AP that he expected the first nine months of 2011 to continue to show revenue declines, but said he believes that Atlantic City will finally show some revenue growth in the fourth quarter.
 
Don Marrandino, eastern regional president of Caesars Entertainment, said: "Retail business has grown dramatically. More people are paying for hotel rooms and spas. Restaurant concepts continue to work their way into the market.
 
"It’s been a banner year for entertainment," he added. "Boardwalk Hall was one of the top grossing mid-sized halls in the country. Boxing matches do well here. We had a tennis match that was the highest-attended in the state."
 
Despite the optimism, the statistics painted a weak picture, with gambling revenue down at every casino in the city in 2010, ranging from 4.2 percent at the Tropicana Casino and Resort, which took in $300.4 million, to 19 percent at Resorts Atlantic City, which took in $155.2 million. Slot revenue was down 9 percent to $2.48 billion, while table games revenue fell 10.9 percent to $1.09 billion.
 
In the month of December, casino revenues fell 12.8 percent to $237.2 million, impacted by competition from other centres and a massive snowstorm between Christmas and New Year’s that wiped out much of the most profitable week each December.
 
The revival plans of New Jersey Governor Chris Christie revolve around the creation of a state-run tourism district encompassing the 11 casinos and the Boardwalk. It will function as a city-within-a-city in charge of its own police protection, cleanliness, traffic and development. Regulations will be simplified to make the environment more efficient and cost-effective for developers and operators, and a newly created Commission will monitor progress



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Alegriabet Finally Launches - Our online betting site will deliver a full, market-leading suite of services including pre-match and live betting as well as virtual sports

International Table Tennis Federation in deal with Sportradar. - The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.

NBA odds on Thunder vs. Pacers Game? - This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

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