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Atlantic City Revenues decline 13 percent in September 2014

Thursday October 16,2014 :  SHUTTERED LAND CASINOS IMPACT SEPTEMBER STATS FOR ATLANTIC CITY
 
Revenues decline 13 percent in September 2014.
 
The closure of three more land casinos in Atlantic City - Revel, Trump Plaza and the Showboat - has inevitably impacted September revenues released by the New Jersey Division of Gambling Enforcement, which released the latest monthly statistics Wednesday.
 
Overall revenues were down 13 percent on the same period last year despite the inclusion of internet activity, which had not started a year ago. Operators won $209.4 million, down 12.8 percent from $240.2 million in September 2013, Associated Press reports.
 
Slot machines contributed $147.8 million - down 16.6 percent y-o-y, whilst table game retuirns were down 18.5 percent at $51.2 million.
 
On the bright side, casinos that operated in both Sept. 2013 and 2014 posted a 9.1 percent increase in revenue.
 
On the internet gambling front, revenues remained subdued, with operators taking in $10.25 million, down 2.8 percent or $300,000 less than August 2014.
 
Borgata and its online partner Party Poker remained the top internet operator in the Garden State, winning $3.4 million from internet activity, with Caesars Interactive chasing on $2.6 million. Tropicana managed to clear the $2 million benchmark, whilst Golden Nugget recorded $1.1 million.
 
Trump Plaza, now shuttered, posted $767,870 from its online action, whilst Trump Taj Mahal, which is also in danger of closure, achieved internet earnings of $228,717.
 
Online poker revenues were down 7.3 percent to $2.09 million in September compared to the previous month, whilst online casino action declined 1.5 percent to $8.16 million.
 
The DGE reports that by the end of September 2014 New Jersey could boast 456,502 internet gambling accounts - up 6 percent on the preceding month.
 
So far this year, Atlantic City's casinos have taken in a total of $2.04 billion. Operators hit their peak revenue of $5.2 billion in 2006; but by end 2013 the total had fallen to $2.86 billion.
 
About 8,000 Atlantic City casino workers have lost their jobs so far this year; another 3,000 would become unemployed if the Taj Mahal closes.



Gambling News :

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.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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