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Atlantic City May revenues dip 9.5 percent
Thursday June 14, 2012 : ATLANTIC CITY REVENUES DOWN AGAIN
May revenues dip 9.5 percent
Latest gambling numbers released by the New Jersey Division of Gaming Enforcement for the month of May 2012 show another disappointing decline for Atlantic City, down 9.5 percent to $263 million.
Hopes that the new Revel casino resort would lift revenues went unrealised; revenues at the $2.4 billion enterprise in May totalled $13.9 million, ranking it eighth out of the city’s 12 casinos, although it was an improvement on April's $13.4 million contribution.
In April, Atlantic City revenues slipped 10 percent compared with the same month last year, whilst in March, revenues were down 5 percent compared with the same period last year.
In a positive sign for the industry, the DGE released quarterly figures that showed the gross operating profit for all 12 casinos, which includes non-gambling revenue, was up 17 percent compared with the same period last year.
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Gambling News :
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.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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