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July Atlanic City Revenues down 9.5 percent
Sunday August 12, 2012 : JULY ANOTHER BAD MONTH FOR ATLANTIC CITY
Revenues down 9.5 percent to $308.2 million
Atlantic City casinos suffered a continuation of the gambling centre's lengthy losing streak in July 2012 as revenues dipped 9.5 percent to $308.2 million, according to official New Jersey Division of Gaming Enforcement numbers.
The opening of casinos in neighbouring Pennsylvania in 2006 started a decline that has been exacerbated by worsening economic conditions in the United States.
Observers noted that this year's stats compare unfavourably with those of 2011, but pointed out that last year July included an extra Friday and Saturday and an Independence Day that fell on a Monday, giving gamblers the opportunity to expand the holiday weekend.
Nevertheless, the Division of Gaming Enforcement said that for June and July combined, revenue was down 5.5 percent from the same period last year.
At Borgata Casino Hotel & Spa, a single gambler won $5 million over a weekend and was responsible for about half the casino's 16 percent decline from a year earlier.
None of the casinos did better last month than they did in July 2011. Officials reported that Slots revenue dipped 8.9 percent, and Table Games slid south by 11 percent.
Only two casinos that were open a year ago have had a better year so far in 2012 compared with 2011. One was Golden Nugget Atlantic City, which brought in more than $77 million, a nearly three-fold increase in revenue from a year earlier, but from a low base when it was in just its second full month of operating under a new brand. The Tropicana managed to boost revenues by just 4.4 percent.
August may be a little better in comparison to 2011, when AC casinos were forced to shut down for two days due to Tropical Storm Irene.
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 -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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