Tag Archives: Atlantic City
- Atlantic City casino profits up nearly one-fifth in 2017
August 23, 2017
Atlantic City’s seven surviving casinos saw their collective net profit jump by nearly one-fifth in the first half of 2017 despite revenue remaining relatively flat over this period. Figures released Tuesday by the New Jersey Division of Gaming Enforcement (DGE) show total casino revenue of $1.69b in the six months...
- ‘Mafia connections’ crush Donald Trump’s Aussie casino dreams
August 17, 2017
Thirty years ago, before he became the leader of the free world, U.S. President Donald Trump dreamt of opening the first casino in Sydney—a dream that Australian regulators immediately put the kibosh on over concerns of the then-businessman’s “mafia connections.” Trump and its partner, Queensland-based Kern Corporation, was one of...
- Atlantic City casino revenues down 2.7 percent
August 15, 2017
Casino revenues of Atlantic City have dipped by 2.7 percent in July but it isn’t enough to make the state gaming officials push the panic button. In fact, New Jersey Division of Gaming Enforcement David Rebuck finds the figure “encouraging” since it only reflects the continued stabilization of the casino...
- Resorts Casino launches FastPick fantasy parlay betting product
July 17, 2017
Resorts Casino Hotel has become the first Atlantic City casino to launch a daily fantasy sports product that strongly resembles parlay betting. On Monday, the Associated Press broke the news that FastPick.com had begun offering online daily fantasy sports contests in tandem with Resorts Digital Gaming, marking the first time...
- Mystery NY equity firm dangles $220M for Atlantic City’s Revel
July 13, 2017
Florida developer Glenn Straub’s eyes might be gleaming right now after a New York-based private equity firm tendered a $220 million offer to the shuttered Revel Hotel and Casino. The offer of the still unnamed equity firm is quite hefty since the $2 billion venue at the north end of...
- Atlantic City casinos decide its June 2016 all over again
Atlantic City casinos got locked into a revenue holding pattern in June that only online gambling could break. On Wednesday, the New Jersey Division of Gaming Enforcement (DGE) reported that Atlantic City’s seven casino operators generated brick-and-mortar gaming revenue of $197,488,784 in June, down less than $5k from the same...
Volumes at Atlantic City show we’re deep into the boom
April 18, 2017