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Atlantic City August 2016 Earnings

INTERNET GAMBLING REMAINS THE BRIGHT SPOT IN ATLANTIC CITYS AUGUST RESULTS
 
Online operations showed a 31.6 percent year-on-year improvement whilst land revenues declined 4.9 percent.
 
Online gambling continued to outperform land gambling in New Jersey during the month of August, delivering revenues up 31.6 percent year-on-year at $16.1 million vs. land casino win down 4.9 percent at $245.9 million.
 
Only two casinos - the Golden Nugget and Tropicana - posted monthly land gambing revenue gains in August. The biggest decline came at the Trump Taj Mahal, where unionised workers are on strike and the owner, Carl Icahn, has announced that the venue will close next month.
 
Matt Levinson, chairman of the New Jersey Casino Control Commission, noted that August in 2015 had two more weekend days than August this year.
 
"Everyone knows that weekends are the busiest time in Atlantic City, and August of 2015 had one more Saturday and one more Sunday than this year," he commented.
 
Online poker in August contributed less to overall online revenue, delivering just 13.5 percent of revenue vs. 16.2 percent in the same month back in 2015.
 
Online casino delivered more revenue in August 2016 than it did in August 2015 - 86.5 percent vs. 83.8 percent.
 
The Borgata-PartyPoker-Pala Interactive alliance led the online sector with 23.2 percent overall marketshare, followed by Golden Nugget/BetFair (21.6 percent), Caesar’s Interactive (19.4 percent), Resorts-Pokerstars (18 percent) and Tropicana (17.7 percent)
 
Stripping out the online poker performances, Pokerstars -Resorts continued to lead the sector with a marketshare of 39.8 percent, chased by Caesar’s WSOP - 888 on 32.2 percent and PartyPoker-Borgata on 28 percent.
 
Online poker revenue was up 9.6 percent compared with the same period last year.



Gambling News :

2 New Christmas Slots For Microgaming - Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.

SportsBetting Supreme Court Showdown - Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)

Mega Moolah Progressive Slot Pays Again - On 15 November 2017, the Mega Moolah jackpot was won by a Grand Mondial Casino player. They took home €938,306.35.

Microgame S.p.A. in deal with Prima Networks - Prima Networks, powered by Microgaming, has signed a deal with Microgame S.p.A., the leading Italian gaming service provider.

NBA Odds: Heat Can Burn Cavaliers in Cleveland - The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.

Games Concept Day in Malta - The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.

AFC’s fight against match-fixing - The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.

PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

ACR $1,400,000 High Five Tournament Series - It has five added tournaments a day for five straight days, with the $420k Main Event on the final day. There are Texas hold’em and PLO game types, and tons of structures.a

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