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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.

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Gambling News :

Local Florida Poker Pros Scam Marc Klang For $500k - Previous scumbag rightfully wins over $500,000 gambling against a conglomerate of local poker pros. After using every excuse possible, said group decides they are not paying out any money. After some time they pay out $43k of 500k. Winner warns community of the groups actions to prevent similar future scams.

2017 Super High Roller Bowl Schedule - Poker Central, POKER PROductions and the Aria Resort & Casino have released details on the 2017 Super High Roller Bowl taking place 28-31 May.

Super Multitimes Progressive HD Slot - This 3-row, 5-reel slot features Multipliers, Wilds, Free Spins and four Progressive Jackpot levels offering increasing wins to heighten player engagement.

2017 Aussie Milliona Updates Events 2,3,4 - Taiwan's James Chen bested Australian Rainer Quel heads up to win the first championship ring of the series in which he defeated a field of 48 players in Event 2: $2,500 H.O.R.S.E. earning the top prize of AUD$39,700.

Juventus name VWin as Partner - “We are very satisfied with this new regional partnership that confirms Juventus’ global growth in high potential markets such as this one,” Giorgio Ricci, co-chief revenue officer & head of global partnerships and global revenue for Juventus said.

Luckia Group 2016 Results - The group reports record turnover of Euro 269.66 million, up 12 percent over full year 2015 with EBITDA standing at Euro 44 million, a 26 percent increase over the previous year.

Fire Rooster Slot Launches - This 5-reel, graphic-rich slot is based on the Chinese legend, The Rooster’s Lament, in which the Jade Emperor chooses specific animals to represent the months of the year.

n2-Live Updates - The company promises new features designed to enhance the playing experience that “further distance our gaming solutions from the ‘me too’ products currently available in the market place.”

Betfred FY 2016 - Betfred has seemingly reversed its fortunes with a strong 2016 delivering a GBP 28,438,000 operating profit as opposed to the GBP 77,312,000 loss in fiscal year 2015.

BetConstruct has joined the National Council on Problem Gambling - BetConstruct has joined the National Council on Problem Gambling (NCPG) saying it feels a duty to support an organization that strives to keep gaming fun and safe for all.

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