10 June 2010

Atlantic City Casino Gambling Revenue Down In March


Another month, another decline in gambling revenue for Atlantic City casinos. In March, revenue dropped 5.6% from the same period in 2009, a sign that things are not improving.

Snow Buries Atlantic City Casino Revenue In February
The last thing the Atlantic City casino industry needed was a harsh winter, but that is exactly what it got. Consequently, revenue continued to tumble at the city's eleven casinos in February.

New Jersey Gaming Regulators Deem Pansy Ho Guilty By Association
New Jersey Gaming Regulators have driven MGM Mirage out of their fledgling casino industry mainly because they have convicted Pansy Ho of being guilty by association.

Morgan Stanley Pulling Out Of Atlantic City Revel Casino Project
Morgan Stanley has dealt yet another blow to the Atlantic City casino industry after announcing that they would be pulling out of the stalled Revel casino project.

Winter Snow Further Hurting Atlantic City Casino Industry
As if the recession was not enough, the Atlantic City casino industry has had to endure a Winter with unusually high amounts of snow in New Jersey, causing millions of dollars in revenue loss.

MGM Mirage Leaving Atlantic City Casino Gambling Industry
MGM Mirage was pushed into a corner by gaming regulators in New Jersey, and instead of conforming to the regulators' request to drop Pansy Ho as their partner, MGM has decided to leave the Atlantic City gambling industry.

New Jersey Regulators Hand Down Illegal Gambling Fines To Casinos
The Atlantic City casino industry may be in desperate need of revenue, but it will not come from illegal gambling. New jersey regulators fined several casinos for allowing a banned man and underage patrons to gamble.

Trump Defeats Icahn In Battle Over Trump Entertainment Resorts
Donald Trump has been in a bitter battle over control of Trump Entertainment Resorts and now it appears that Trump and bondholders have won control of the gaming company.

Atlantic City Casino Industry Fate At Stake As Trump, Icahn, Battle
Donald Trump and Carl Icahn are two of the most successful people in their fields, and now they are squaring off against each other in court. At stake, are three of Atlantic City's eleven casinos.

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