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Casino Profits Down 45 Percent in Atlantic City
Thursday August 22,2013 : BAD SECOND QUARTER NEWS FROM ATLANTIC CITY
Land casino earnings decline by 45 percent
The second quarter of 2013 was not a good one for Atlantic City's 12 land casinos, which reported a collective earnings decline of 45 percent, state regulators revealed Thursday.
The New Jersey Division of Gaming Enforcement said the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year.
Four of the 12 casinos posted operating losses in April, May and June.
The publication New Jersey.com reports that for H1-2013, the casinos' collective earnings are down by more than 54 percent, to $106 million, compared with $232 million in the same period a year ago.
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Gambling News :
Amaya FY2016 Trading Update -
The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.
LeoVegas To Sponsor Leicester Tigers -
The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.
Optima Information Services iShop -
Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.
CAGAYAN CHIEF MOVES TO REASSURE LICENSEES -
Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.
New Massachusetts Online Gambling Bill -
It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.
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