Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving

Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving

The financial crash in Atlantic City has seemed to bottom out at the least for the casinos, as revenues for the residual gambling resorts are 3.1 per cent greater than they were at this time year that is last.

Atlantic City casinos could have finally weathered the storm and started to stabilize the gambling industry for the eight resorts that are remaining. After a decade of decreasing revenues due to America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has did actually reach a new norm.

Less than couple of years after one-fourth of its casinos went out of company, revenues for Atlantic City decreased only marginally in March. The area’s casino win totaled $187,463,591 for the 1.7 loss that is percent though when Internet gambling is included Atlantic City dropped just 0.4 percent.

Traditional dining table video gaming was the performer that is worst in March as casinos reported a 5.9 percent drop on supposedly greater win rates. The decrease was offset by online video gaming, which rose an astonishing 17.8 percent during the month.

Calm After the Storm

Though the government that is local Atlantic City is broke and presently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is best to manage the town’s data recovery, 2016 is off to a solid begin for the cas Continue reading “Atlantic City Casino Income Shows Signs of Stabilizing, Online Gambling Thriving”

Harrah’s New Orleans Blames Cigarette Ban for Declining Revenues, Pennsylvania Casinos Set Record

Harrah’s New Orleans Blames Cigarette Ban for Declining Revenues, Pennsylvania Casinos Set Record

Harrah’s New Orleans says the cigarette ban imposed by the city a year ago this week has adversely impacted its gambling revenues and needs become held accountable for the casino’s downward spiral.

Harrah’s New Orleans state the citywide smoking ban is shuffling up revenues in the direction that is wrong.

Statistics supplied by the Louisiana Gaming Control Board seem to back up those claims. Gross gambling revenue at Harrah’s brand New Orleans totaled $23.9 million in March, down nearly 21 percent through the $30.2 million the casino generated in the month that is same 2015.

Since 2007, all Louisiana workplaces and restaurants were smoke-free, but the statutory law don’t apply to casinos and bars. Following a unanimous New Orleans City Council vote and Mayor Mitch Landrieu’s (D) signature, a city ordinance went into effect on April 22, 2015, that banned tobacco cigarette smoking and vaping on the casino floor.

‘ Slot revenue, Harrah’s largest source of revenue, was impacted probably the most with slot income down 17 % in the time scale after the ordinance’s impact compared to prior year,’ Harrah’s spokeswoman Jade Brown-Russell stated. ‘In the 12 months impacted by the smoking ban, Harrah’s has experienced gaming income declines in 10 of the 12 months.’

Clash of the Ash

Supporters of the clean atmosphere ordinance state Harrah’s is merely searching for a scapegoat to position b Continue reading “Harrah’s New Orleans Blames Cigarette Ban for Declining Revenues, Pennsylvania Casinos Set Record”

Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Nevertheless Bulletproof, Says Analyst

Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Nevertheless Bulletproof, Says Analyst

The nationwide Indian Gaming Commission reported this that America’s tribal gaming operators collectively generated $31.2 billion in gross gaming revenue, a 4.4 percent increase over 2015 week.

Harrah’s Resorts SoCal is exemplory case of a joint-venture between a operator that is tribal a Vegas casino company that delivers a flavor of Vegas across the Nevada border.

The biggest growth, 12 months over year, for tribal gaming nationwide was the Sacramento, California region, with an increase of 6.3 percent to $8.4 billion. Meanwhile, the Phoenix region exhibited fourth-best revenue increase in america, growing 4.4 percent to $2.9 billion.

It’s clear Indian casinos in states bordering Nevada are enjoying robust health, but what impact is this having regarding the Silver State’s casino sector? Is tribal gaming a risk to Nevada?

Tribes Thinking Big

Well, not so much to Vegas, gaming analysts told the Las Vegas Review-Journal this week, but it’s extremely likely having an effect that is negative the north Las vegas, nevada sector while the Reno and Laughlin markets in specific, forcing those cities to rethink their approach.

Bo Bernhard, executive manager of UNLV’s big red slot International Gaming Institute, thinks that the Laughlin and Reno markets have certainly been adversely affected by competition from Indian video gaming properties, which are now actually matching their commercial cou Continue reading “Tribal Gaming Growth Hurts Laughlin and Reno, But Las Vegas Nevertheless Bulletproof, Says Analyst”

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver is the proponent that is strongest of legalizing sports gambling of this four major professional sports leagues, and this week he predicted that a federal repeal to the current ban comes into play the next few years.

Basketball boss Adam Silver thinks chances of PASPA’s repeal are about as strong as the Golden State Warriors winning another NBA name in the coming years. (Image: CBS Sports)

Showing up on a panel alongside the other ‘Big Four’ commissioners, NFL Commissioner Roger Goodell, MLB boss Rob Manfred, and NHL Commissioner Gary Bettman, the executives had been asked to consider in on the long run of gambling in activities.

Silver, as expected, gave probably the most resounding endorsement to legalizing activities gambling.

‘My feeling is the legislation will change in the next few years in the united states of america,’ Silver explained, as reported by SportsBusiness Journal. Silver added that if the law changes and sports gambling becomes a right reserved to the states, he hopes jurisdictions that legalize sportsbooks would also allow in-play betting.

‘People desire to bet throughout the game. It results in enormous engagement that is additional the fans,’ Silver concluded.

The four league bosses were appearing at a conversation titled GameChangers: Creating the Future of Sports. The occasion ended up being hosted by The Paley Center for Media in Continue reading “NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years”

Poker News: Draymond Green on Poker After Dark, Bardah Survivor Loss

Poker News: Draymond Green on Poker After Dark, Bardah Survivor Loss

This week’s poker news starts us down with a poker professional who is great at surviving the poker tables but not reality shows. Poker pro Ronnie Bardah had been booted from Survivor an additional disappointing work by poker benefits regarding the show.

Poker Pro Bardah Kicked Out On Very First Survivor Episode

Poker Ronnie that is professional Bardah known for his instincts and ability to read his opponents. However, those skills evidently didn’t convert in their stint that is first on reality television show Survivor. Bardah was booted from the show in the very first episode regarding the latest season whenever tribe made their decision.

According to Bardah, he knew that which was coming before it even happened after picking up tells from his opponents which he was in trouble. Apparently, Bardah didn’t pick those clues up quickly enough to complete anything about it or to change their minds before they casted their deciding votes. The 36-year-old World Series of Poker bracelet winner plus the record holder for many consecutive cashes in the WSOP main event was kicked out of his tribe for a vote that is 7-2.

Bardah was the poker that is fourth to appear on the show over the years. He followed in the footsteps of Jean-Robert Ballande, Garrett Adelstein, and Anna Khait. Adelstein and Khait in particular both suffered early exits from the show as well.

Warriors All-Star Forward Green Struggles In Poker Aft Continue reading “Poker News: Draymond Green on Poker After Dark, Bardah Survivor Loss”

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

This week’s poker news focuses on three big winners through the week that is past. Let us take a good look at the events that are recent roundup the outcome. Renad Bohdanov, James Chen, and Dash Dudley each notched victories this week in poker tournaments across the world.

Bohdanov Wins 350 Euro No-Limit Hold’em ‘Opener’ Event

We’ve broken the ice into the 2019 World Series of Poker event in its European routine. Renat Bohdanov has claimed the first victory, making the very first silver bracelet passed out. Bohdanov emerged from an industry of 1,011 entries to win the 350 Euro No-Limit Hold’em ‘Opener’ Event, capturing his gold that is first-ever bracelet the method. The 34-year-old from Ukraine earned $59,546 USD for taking home the top prize in the tournament. He additionally attained a 10,300 Euro ticket in to your upcoming 5 million euro guaranteed event that is main.

Besides the reward money as well as the ticket into the main occasion, Bohdanov was awarded 384 Card Player Player of the season points. The top three finishers at this event each cleared $25K USD. Norbert Mosonyi won $36,754 for his runner-up finish while Eyal Bensimhon took house $25,958 USD for putting third at this event.

Chen Wins World Series Of Poker Europe 250K Euro Super Tall Roller

How about $3 million for a week’s work? That’s how Taiwanese poker pro James Chen is feeling after winning the planet variety of Poker 250K Euro buy-in no Continue reading “Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley”