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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 :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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