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July 2013 Atlantic City Revenues Down 3.6 percent

Slot machines continue to dominate the action
Atlantic City casino revenues took another downward slide in July, according to the latest official numbers, which reveal that the 12 casinos won $297.2 million from gamblers in July 2013, down 3.6 percent from $308.2 million in July 2012.
$215.5 million came from slot machine action, and an additional $81.7 million from table games.
The troubled Revel Casino Hotel produced the best results, thanks to a major slots refund promo it ran; the enterprise generated revenues up over 33 percent to nearly $23.4 million - its best month ever.
The Associated Press news agency reports that nine AC casinos saw revenues decline in July, led by the Tropicana Casino and Resort, which fell 26 percent to $20.6 million due largely to an unlucky month at table games. Trump Plaza Hotel Casino was down nearly 25 percent to $8.1 million; the Showboat Casino Hotel was down 19 percent to $18.6 million; and Bally's Atlantic City was down nearly 14 percent to $24.2 million.
Harrah's Resort Atlantic City was down 10.7 percent to $34.8 million; the Trump Taj Mahal Casino Resort was down 10.6 percent to $26.5 million; and Caesars Atlantic City was down 4.6 percent to $35.2 million.
The Atlantic Club Casino Hotel was down 3 percent to nearly $14.2 million, and the Golden Nugget Atlantic City was down 1.6 percent to nearly $13 million.
For the first seven months of the year, Atlantic City's casinos won $1.68 billion, down 9.6 percent from the same period last year.

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Gambling News :

Yggdrasil Gaming Expanding - The Swedish online gambling games developer Yggdrasil Gaming is to establish a new parent company and expand its Stockholm office as it bolsters its presence in Sweden with a raft of new hires.

FanDuel and DraftKings Settle With NY Attorney General - Speculation earlier this week that daily fantasy sports market leaders FanDuel and DraftKings were about to agree a settlement on consumer fraud suits prepared by the New York AG was confirmed Tuesday when a $12 million settlement was announced.

Stan james Now Live With EPOS - The company switched to the Optima server less system across its entire estate in July after previously using Optima EPOS technology. The switch was completed early this (October) month and has already delivered noteworthy savings for the company.

Singapore Online Gambling Ban Begins - Singapore media reports indicated Tuesday that restricted online gambling services offered by the Singapore Pools have started online operations, whilst Singapore Turf Club will commence online betting activity on November 15.

Chinese police action against Crown Resorts Widens - In addition to the 18 Crown employees still held after their arrest last week, it now appears that the police questioned 87 Crown punters and junket organizers, detaining 10 of the latter.

Pennsylvania Online Gambling Updates - Pro-online gambling companies, including the Golden Nugget in New Jersey and Pokerstars, were quick to refute Schippers views based on their operational experience.

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.

Medialivecasino in Deal With Microgame - #Medialivecasino live dealer games have already gone live with Microgame joining content from other well-known providers NetEnt and Evolution Gaming.

BtoBet Partners with AfroBet - Following the launch in Kenya, Afrobet said it has high hopes for further expansion into East Africa, Tanzania, Uganda and Congo.

Pissed off Tabcorp shareholders - A significant number of Tabcorp shareholders, led by The Australian Shareholders Association, reportedly objected to proposed hikes in executive pay packages and were unhappy with the company plans for a merger with rival gambling group Tatts.

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