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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 :
Live Dealer Now At Slotocash -
Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.
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.
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.
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