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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.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
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