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Atlantic City June Revenue a little better

Tuesday July 12, 2011 :  Better, but still dismal.
 
Atlantic City gambling operators under pressure from a four-and-a-half year business drought caused by the recession and competition from neighbouring states were feeling a little more optimistic this week as official statistics for the month of June showed a little improvement.
 
Casino revenues fell just 3.7 percent in June, to $276.2 million, whilst June slot revenue was down 3.1 percent, to $200.5 million, and table games revenue decreased by 5.2 percent, to $75.7 million.
 
"There is light at the end of the tunnel," Tony Rodio, president of the Tropicana Casino and Resort, told Associated Press. "I think we've experienced most of the pain we're going to experience."
 
In fact, had it not been for a lucky table games player who beat the Tropicana for about $8 million last month, Atlantic City would have been within 2 percentage points of breaking even, Rodio said.
 
Nevertheless, for the first six months of the year, casinos won $1.7 billion, down 7 percent from the same period in 2010.
 
Robert Griffin, CEO of Trump Entertainment Resorts and president of the Casino Association of New Jersey, kept things in perspective: "It's the 34th consecutive month of decline, but it is evidence that the Atlantic City market, while still struggling, is showing signs of recovery," he said.
 
In January 2011, Atlantic City's revenue was 13.2 percent lower than it was in January 2010.
 
Discounting a statistical quirk in February of this year, when a comparison with an extremely snowy February 2010 made things look better than they otherwise would have been, the early part of this year had been marked by significantly higher declines, AP notes.
 
March 2011 was down 6.7 percent from a year earlier, April was down 7.1 percent and May was down 9.1 percent from a year ago. That's what so encouraged casino executives on the June 2011 figures.
 
There's a long way to go yet, however; only four of the city's 11 casinos were in positive territory in June: the Trump Taj Mahal Casino and Resort, the Borgata Hotel Casino & Spa, Harrah's Resort Atlantic City and Resorts Casino Hotel.



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Live Dealer Now At Slotocash - Live Dealer can be found in the left navigation menu under 'Live Dealer' when you, the player is logged in to instant play.

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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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