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Atlantic City December 2011 Revenues Up

01/11/2012 : 4.2 percent increase over 2010...but last December was impacted by bad weather
Atlantic City operators will be taking some comfort from the latest official casino performance figures for the month of December, which show a 4.2 percent improvement over the corresponding period in 2010, although it should be noted that December of that year saw major snow storms that shut down the region for several days.
Nevertheless, the numbers represent the first time in three-and-a-half years that there has been a departure from a declining trend, and for that operators will be thankful.
Associated Press reports that the New Jersey city's 11 casinos took in $246.5 million in December. Slot machine revenue was up 8.3 percent, to $174.1 million, but table game revenue decreased by 4.3 percent, to $72.5 million.
For 2011 overall, AC casino revenues dipped 6.9 percent to $3.3 billion when compared with FY 2010, making last year the fifth in a row that Atlantic City casino revenue has declined The fall has again been attributed to competition from casinos in neighbouring states, and the continuing economic uncertainty in the United States.
"The positive win results are an encouraging sign of economic recovery for Atlantic City casinos," said David Rebuck, director of the state Division of Gaming Enforcement, whose office released the figures Tuesday afternoon.
"This has been the highest monthly percentage increase since December 2006," he added. "With the regulatory reforms in place and the upcoming opening of the Revel casino, we are hopeful that this positive trend will continue and reinvigorate the excitement that is part of Atlantic City and its casino venues."
AP reports that Atlantic City casino revenue hit a peak of $5.2 billion in 2006. In the same year neighbouring Pennsylvania opened the first of 10 casinos just across the Delaware River, soaking up customers and money from New Jersey’s one-time east coast casino monopoly. Then the recession hit in 2008, further damaging business.

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Gambling News :

WSOPE In Czech Republic - World Series of Poker Europe 2017 has moved to King’s Casino Rozvadov (KCR) in the Czech Republic following a multi-year deal that will see KCR host numerous WSOP-branded events over the next several years.

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NYX Gaming Group Expanding in Italy - NYX Gaming Group says its continues to bridge the gap between online and land-based operators as it announced a new licensing deal in the Italian market.

Interwetten Q3 2016 Report - In a brief third quarter 2016 report, Malta-headquartered online gaming company Interwetten reported strong growth across all verticals, with an emphasis on online casino revenues.

Evolution Gaming Q3 2016 Report - Evolution Gaming Group AB delivered in its third quarter 2016 results reporting strong growth in revenue and a significant increase in mobile penetration. The company attributes is success to strong general growth and continued high demand for dedicated environments.

Ladbrokes Donates to Gamcare’s new Youth Program - UK gaming firm Ladbrokes has pledged GBP 180,000 to Gamcare’s new Youth Program over 2016 and 2017, following a visit by chief executive officer, Jim Mullen.

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Mecca Launch Instant Win Games - IWG has provided instant win content to lotteries for the past 15 years, amassing a portfolio of over 250 games. Its deal with Mecca signifies a move into the wider online gaming industry, servicing commercial brands and platforms.

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