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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.
Gambling News :
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
$75K Win on Mobile Slot @ CafeCasino -
Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.
2017 Punta Cana Poker Classic Results -
The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.
NHL Odds: Winnipeg Jets vs. Minnesota Wild -
Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.
Historic weekend at Americas CardRoom -
ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.
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