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11 PERCENT DIP IN ATLANTIC CITY’S JUNE REVENUES
11 New Jersey land casinos feel the pain of surrounding competition
Revenue for the second-largest gambling market in the United States – New Jersey’s Atlantic City - fell more than 11 percent to $286.8 million in June, according to statistics from the Associated Press news agency published late Friday.
The tough economic conditions which have hammered the gambling centre for the past two years have been exacerbated by growing competition for gamblers’ money from adjacent states.
Pennsylvania started offering table games on Thursday, a few weeks after Delaware did likewise.
The increased competition could cost Atlantic City about a quarter of its annual table games revenue, or about $300 million a year, according to analysts consulted by AP.
The competitive action at Pennsylvania slot parlours has been impacting Atlantic City since late 2006, and the state will soon have nine casinos offering the same gambling options as Atlantic City — but much closer to home for Pennsylvania players, AP reports.
Table games revenue for Atlantic City fell 16.2 percent in June 2010 to $79.9 million. Slot revenue fell 9 percent to $206.9 million.
Only one of the city’s 11 casinos posted a revenue increase; Trump Marina Hotel Casino, edged up scant 1.3 percent.
According to the Associated Press report, Resorts Atlantic City, which turned itself over to its lenders in December when it could no longer pay its mortgage, posted the biggest drop, nearly 20 percent.
Caesars Atlantic City’s revenue sank 17.8 percent, the Trump Taj Mahal Casino Resort dropped 13.5 percent, Trump Plaza Hotel and Casino fell 13.2 percent, and Harrah’s Resort Atlantic City fell 13 percent. Showboat Casino Hotel declined 12.4 percent, the Borgata Hotel Casino & Spa fell 11.7 percent, and the Atlantic City Hilton Casino Resort slid 7.7 percent.
The Tropicana Casino and Resort fell 5.9 percent and Bally’s Atlantic City was down 3.2 percent.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgaming’s customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sunday’s 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at –115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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