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Atlantic City Casino Revenues Keep Dropping
Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials told the Reuters news agency Thursday, as the recession and competition from other states cut gamblers' spending.
Combined revenue from the 11 casinos in New Jersey's gaming capital dropped 19.4 percent to $318.4 million in March 2009, compared with a year earlier, according to the New Jersey Casino Control Commission.
The latest decline, the sharpest in the city's 30-year gambling history, exceeds the previous record 19.2 percent drop in February 2009. Slot-machine takings slumped by 21.3 percent to $218.1 million, while table revenues decreased by 14.7 percent to $100.3 million.
The slump in revenues has helped drive three Atlantic City casinos - those owned by Trump Entertainment - into bankruptcy, while plans for several major new casinos have been scrapped amid the downturn, reports Reuters by way of background. All but one of the casinos reported annual revenue declines in March.
The steepest fall was seen by the Atlantic City Hilton, down 34.8 percent; the only gain was seen at the Trump Taj Mahal where takings were up 6.3 percent.
For the first three months of 2009, overall revenue declined 16.2 percent to $950.2 million. Six casinos reported revenue declines of more than 20 percent for the year so far. The highest revenue for March was seen in 2007 when the city recorded a total $438.3 million, the commission said.
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 -
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