Hot news

Dublinbet

Dublinbet

DublinBet.com is an innovative and classy casino and card room. It offers classic online casino game favourites plus some of the best live dealer games on the net for January 2012.

Through the latest webcasting technology you can interact with dealers from the privacy of your home (or office!). The sounds and dealer action is live from the Fitzwilliam Card Club and Casino, in Dublin Ireland. DublinBet's Distance Gaming® is a 'must try even if you're not fussed for live dealer games - try the unique early payout

+ More info...

888

888

Do you find it hard to get to a live casino to play poker? Then simply come to 888poker, the best poker online room in Australia and experience the same thing with no hassle.888 Casino is one of the most famous casinos in cyberspace, thanks to some of the most eye-catching promotions in the industry and an ongoing commitment to innovation. Owned and operated by a subsidiary of 888 Holdings plc, which is listed on the London Stock Exchange, 888 Casino was launched in 1997 and more than 25 million people have played here since.

+ More info...

365 Casino

365 Casino

Enjoy a huge selection of casino games at 365 Casino with monthly bonuses and weekly promotions, Play Blackjack, Roulette, Baccarat, Slots, and Video Poker and win big at 365 casino. 24hrs a day, 365 days a year Safe & secure with excellent Customer Service.

+ More info...

Elegance Casino

Smart Live Casino

The unique thing about Smart Live Casino is its live casino games. It offers live baccarat, live roulette and live blackjack where the player sees the dealer and the action unfold infront of his own eyes. They have a fully array of games as well as sports betting. The site also comes in a variety of languages.

+ More info...

Correction: Atlantic City Casino Revenue Story

E-mail Print PDF
Correction: Atlantic City Casino Revenue Story

In a story Jan. 12 about Atlantic City casino revenue, The Associated Press misspelled the name of the general manager of the Golden Nugget casino. His name is Tom Pohlman, not Polhman.

A corrected version of the story is below:

Atlantic City casinos post 1st revenue hike in 10 years

Internet gambling has helped Atlantic City's casinos post their first revenue increase in a decade

By WAYNE PARRY

Associated Press

ATLANTIC CITY, N.J. (AP) — Internet gambling helped Atlantic City's casinos post their first revenue increase in a decade.

Figures released Thursday by New Jersey gambling regulators show the casinos won $2.6 billion from gamblers in 2016, an increase of 1.5 percent from a year earlier.

The last time Atlantic City casino revenue increased was in 2006, just as a wave of Pennsylvania casinos began opening and drawing away Atlantic City's customers. The city had 12 casinos that year; now it has seven.

Only two casinos posted revenue declines during the year, in which less competition and a continuing boost from New Jersey's nation-leading online gambling industry helped Atlantic City casinos start to find a new equilibrium. It follows a brutal three year-period that saw five casinos close and 11,000 jobs lost.

The Trump Taj Mahal, which was opened by President-elect Donald Trump in 1990, shut down on Oct. 10. But Matt Levinson, chairman of the New Jersey Casino Control Commission, thinks better days are arriving for Atlantic City's casino industry.

"These are some strong numbers, especially with all the bad news about Atlantic City's 'demise,'" he said. "There's a lot of good news here. We have some stronger casinos now, and internet gambling continues to increase. The hope is we're entering a stable environment now."

Tom Pohlman, general manager of the Golden Nugget, said the Atlantic City market has "right-sized itself to the point where we're not over-saturated anymore. I'd like to think things had hit rock bottom and we'll all get better from here."

Internet gambling revenue in New Jersey rose by more than 32 percent last year to nearly $197 million. New Jersey is one of three states in the U.S. where internet gambling is legal, along with Nevada and Delaware, but New Jersey is by far the largest online market.

It is divided among five competitors: Borgata ($47 million); Golden Nugget ($42.2 million); Caesars Interactive-NJ ($38.6 million); Tropicana ($36.9 million) and Resorts Digital ($31.7 million).

The seven surviving casinos also saw their on-premises winnings from gamblers increase by 2.1 percent last year to $2.28 billion. When the Taj Mahal is included in the comparison, the eight casinos saw a collective revenue decrease of 0.3 percent.

When revenue from slot machines, table games and internet operations is included, only two of the seven currently operating casinos saw their revenue decline last year. Harrah's was down 4.3 percent to $358 million, and Caesars was down 2.7 percent to $302 million.

The Borgata remains Atlantic City's top casino; the $769 million it took in last year was more than twice the total of its nearest competitor, Harrah's. The Golden Nugget ($251.9 million) and Tropicana ($341.1 million) each posted 9 percent revenue increases for the year.

For the month of December 2016, the seven surviving casinos won $208 million, an 8.6 percent revenue increase over the December 2015 figure.

David Schwartz, director of the Center for Gaming Research at the University of Nevada-Las Vegas, said Atlantic City still needs to focus on its recent efforts to diversify its offerings beyond casinos.

"At this point, it should be clear that relying on gaming revenues is not the way ahead," he said. "There needs to be a focus on broader tourism and diversification into non-hospitality areas."

Pennsylvania's Gaming Control Board estimates its 2016 casino revenue will be about $3.2 billion once final figures are reported, an increase of about 1 percent.

———

Follow Wayne Parry at http://twitter.com/WayneParryAC

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNHdu7wM4BKPSSOzg2myWD6gOM623A&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779343555106&ei=lwd5WMDVIsLEhQGe-IGgAg&url=http://abcnews.go.com/US/wireStory/atlantic-city-casinos-1st-revenue-increase-10-years-44739759

You are here