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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.
PartyPoker Rakebak -
Partypoker brings back rake back for players. All new ‘partypoker weekly Cashback’ launches.
NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
Candy Dreams is a 720 ways to win, variable reel game. Players spin on a colorful reel area filled with candy treats, as they play towards enticing bonus triggers.
PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
NBA Odds: Wizards-Celtics at the Garden -
The Washington Wizards are making this a series. They’ve won back-to-back games against the Boston Celtics to knot this second-round matchup at 2-2 with Game 5 at the Garden on Wednesday. TNT has the coverage starting at 8 PM ET.
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