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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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Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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