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Gambling: Another Bad Month For Atlantic City Casinos
The US recession and its consequences for consumer discretionary spending has continued to hammer land casino operations in Atlantic City.
February 2009 statistics just released by the New Jersey Casino Control Commission portray a depressing picture of falling gaming win numbers across the board, with total win declining by 19.2 percent on a year-over-year basis to $310.3 million, while slot win was down 19.0 percent at $214.3 million, and table game win declined 19.7 percent to $96.0 million.
The Borgata Hotel Casino & Spa posted the smallest decrease, with gaming revenue falling 5.8 percent to $57.3 million. Land industry analysts offered the more encouraging view that the property's gaming revenue is running 4.1 percent ahead of their estimate for the first two months of 2009.
All three Trump Entertainment Resorts Inc. properties posted large decreases, with Trump Plaza Atlantic City Hotel & Casino reporting the largest decline of the three, a 27.4 percent drop to $16.7 million.
The only increase of any kind was posted by Harrah's Atlantic City, where table game win increased 23.1 percent to $7.8 million.
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Gambling News :
Interwetten 2016 Earnings Results -
Privately-owned online sports betting operator Interwetten delivered robust full year results for the 2016 fiscal period, in which the company has almost achieved doubling its revenues over the past four years, success it attributes to its in-house developed platform
EU Online Gambling Tax Harmoney Dead -
Tax expert says European Court of Justice Attorney General's opinion on UK-Gibraltar litigation signals that EU courts are happy for individual member states to impose their own laws on online gambling.
Jack Lam Facing Big Fines in the Philippines -
It's going to be costly for Macau online gambling and junket tycoon Jack Lam to return to the Philippines following his rather hurried departure last year with allegations of economic sabotage, bribery and tax evasion swirling around him.
PlaySugarHouse To Carry Konami Content -
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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