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Gambling: Atlantic City Revenue Decline Again
9/17/09 - The holiday month of August - traditionally a busy time for Atlantic City gambling - does not appear to have provided relief for the hard-pressed New Jersey land casino industry.
Latest official figures show a continued decline in revenues, with the month of August 2009 16 percent lower than August 2008 - that equates to a loss of some $2.5 billion in casino profits for the gambling mecca.
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Atlantic City is home to eleven casinos and every one of them reported a decline in profits. The Tropicana resort fared best with the lowest slide of 6.9 percent. The Trump Plaza Hotel and Casino was at the other end of the scale with a reported 30 percent slide from last summer.
Analysts characterised the decline as one of the largest yet in the troubled recent history of the recession hit business, blaming the economic climate but also pointing to other factors such as poor resort maintenance, anti-smoking laws and the continued rise in online gambling despite government attempts to stifle the pastime, where the gambler does not have to travel to play.
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Gambling News :
IGT Continues Partnership with Coljuegos EICE -
IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.
Magic Spells SLot Launches -
The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.
Lightning Box Games in Deal With Everi Games -
Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.
Another Attempt to Acquire Tatts -
The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer
Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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