It often requires more courage to dare to do right than to fear to do wrong.
—Abraham Lincoln
| INVITE FRIENDS! |
| The bad juju is gone |
Revenue in Atlantic City casinos suffered a slight decline in Q3 but the story would have been different if the revenue from the now-closed Trump Taj Mahal would be ignored.
Let's see the numbers.
New Jersey Division of Gaming Enforcement's Q3 Atlantic City market income report saw net revenue fall 0.7% to $778.6m. But if the revenue from Trump Taj Mahal will be discounted, revenue actually improved by 4.4%.
Trump really messes up everything.
If Trump Taj Mahal is taken out of the equation, Atlantic City casinos' profits shot up 17.6% to $252.6m while year-to-date revenue increased by 5.7% to $2.05b.
Tropicana was the real winner.
Considering year-to-date measurements, Harrah's was the only operator to be in the red. The operator suffered a 7.6% decline from the same period last year. On the other hand, Tropicana saw its profits soar 81.8% to $81.3m.
Anything else?
Atlantic City is busy from removing any signs related to 45. After Hard Rock International rolled out its new signage for the former Taj Mahal, billionaire investor Carl Icahn has found a way to destroy the Trump Plaza.
Takeaway
Disassociating from Trump is good for business.
| FROM COINGEEK.COM |
Bitcoin Cash to introduce new address format to avoid confusion
between BTC and BCH addresses
Bitcoin ABC’s lead developer Amaury Séchet proposed cashaddr, a new address format that will prepare the Bitcoin Cash system for future upgrades.
| GLOBAL ROUND UP |
| ASIA |
Dragon Corp. CEO Chakrit Ahmad denied reports that ex-triad boss Wan Kuok Koi was financing its casino project.
| EUROPE |
Belgium's state regulator has ruled that loot boxes in Electronic Art's Star Wars Battlefront II are a form of gambling.
| NORTH AMERICA |
Massachusetts Gaming Commission was encouraged by initial results of its PlayMyWay precommitment responsible gambling program.
| FACT YOU NEED TO KNOW |
The volume of the global game market will reach $102.9 billion by 2017, with a compound annual growth rate of 8.1%.
| WORD OF THE DAY |
Social Synergy—When two or more social entities work together to create something larger than either of their own individual efforts could.
| PRESS RELEASE |
Blockchain and its application for business: Malta to host specialized conference
Blockchain & Bitcoin Conference Malta will feature how the blockchain technology can be used in various business fields, including the gambling industry.
| SHOUT OUT |
Football fans, we have great news! Five teams that are among the favorites to win the big game are listed as 10-point home chalk or higher, including the New England Patriots (8-2) and Philadelphia Eagles (9-1). For more betting odds, go to our Instagram page!
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