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Horrible August For Atlantic City

Thursday September 15,2011 : Hurricane didn't help....
 
Hurricane Irene blew away an historic chunk of the Atlantic City casinos’ revenue in August, reports Associated Press. The nearly 20 percent decline was the biggest monthly plunge in the 33-year history of the United States' second-largest gambling centre.
 
The storm forced the city’s 11 casinos in the state of New Jersey to close for three days, causing an estimated $45 million in lost business during what should have been one of the busiest weekends of the year.
 
The $278.8 million the casinos took in was down 19.8 percent, according to the state Division of Gaming Enforcement. The previous negative record was set in March 2009, which saw a 19.4 percent decline.
 
Governor Chris Christie was forced to order the casinos to close on August 26 as Irene bore down on New Jersey with dire predictions of widespread damage requiring evacuations. The casinos could not reopen until three days later.
 
Don Marrandino, eastern regional president of Caesars Entertainment Inc., which owns four of the city’s 11 casinos, told Associated Press that prior to the hurricane business had been good, with great attendance.
 
“Then it was just Mother Nature. We don’t seem to catch many breaks,” he said. “We were affected big-time on the Thursday before the storm, Friday most of the day, we lost all day Saturday and Sunday,” he said. “Monday we were 50 percent off and Tuesday we were still 25 percent off. The storm really clipped us.”
 
The casinos’ take from slot machines fell nearly 21 percent to $193.7 million, while table games revenue decreased by 17 percent, to $85.1 million.

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Gambling News :

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

Rooster Slot Launches - “Rooster” offers 243-ways-to-win along with a big chase in the free games bonus round, where all 5-of-a-kinds are multiplied by the lucky number 5!

Scientific Games Completes DEQ Systems Corp Acquisition - Scientific Games has completed its acquisition of table games product developer DEQ Systems Corp after a deal was announced at the end of August 2016 .

Asia Gaming To Showcase Live Dealer Action - Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.

25 Unlicensed Gambling Operators still in Czech Republic - Ondracka claims that the Finance Ministry has not been "resolute" in acting against the illegal operators, who he says include major companies.

2017 Aussie Millions Event 6 - Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.

2017 Ice Totally Gaming - Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.

Prince Edward Island Writes off Casino venture as Bad Debt - The debacle has resulted in stricter financial disclosure rules being introduced with which government ministers and their departments will have to comply - especially regarding loan and other write-offs of taxpayer monies.

IGT in 7 Year Deal With Svenska Spel - #IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.

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