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ATlantic City August 2014 Numbers and Earnings
Monday September 15,2014 : ONLINE GAMBLING HELPS ATLANTIC CITY SHOW A SMALL IMPROVEMENT
But on the land side it's another 1.2 percent decline in August.
August figures released by the New Jersey Division of Gaming Enforcement show that August was in general another downer for Atlantic City land casinos, with revenues dropping a further 1.2 percent y-o-y and another closure.
The 11 casinos still operating during August (there have been more closures since then) won $294.4 million from gamblers, down from $298 million a year ago.
With eight months of 2014 now gone, Atlantic City land casino total year-to-date revenue is now $1.85 billion - a decline of 6.3 percent on the same period last year; if the $83.7 million delivered by online gambling so far this year is added, the decline persists at 2.1 percent.
Adding online revenues of $10.5 million, the amount won rises to $305 million, delivering a more acceptable 2.3 percent increase overall when compared to the same period in 2013.
Internet gaming revenues grew $500,000 compared with the July 2014 numbers,
Among the land casinos, the performance leaders over the month were Borgata, which rose 5.2 percent to $65.8 million; the Tropicana, which was up more than 46 percent to $31.3 million, and the Golden Nugget - up 34 percent to $16.7 million.
To date this year three of the 12 Atlantic City land operators that started the year have now gone. Showboat and Atlantic Club shut down in January, followed by Revel early in September.
Looking ahead, Trump Plaza closes next week, and there is talk of Trump Taj Mahal closing its doors in November this year.
On the New Jersey internet gambling sites, the revenue split was $2.2 million for online poker and $8.3 million from online casino action.
Borgata again led the online sites, mostly with its casino operations whilst Caesars continued to pursue with revenues that were largely flat during the month.
Other operators saw marginal changes, other than Tropicana, which turned in a better performance at $2.26 (July 2014: $1.96 million), and Golden Nugget, where online revenues dipped steeply to $787,000.
Analysts note optimistically that as the northern hemisphere approaches the winter season, online gambling action usually picks up. In addition, technical improvements in geo-location and payment processing, along with increased awareness through advertising and promotions are likely to have a positive impact.
Waiting in the wings is Pokerstars, which can bring to bear its brand awareness and historical pulling power through appealing tournaments, marketing and promotions; anticipation is growing that the New Jersey regulator is about to allow the Isle of Man giant in , and that will certainly have an impact.
Gambling News :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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.
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