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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.
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$400k Winner at Bodog Casino -
To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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