10 June 2010

Atlantic City Casino Profits Continue To Tumble In First Quarter


First quarter revenue figures were released this week for Atlantic City casinos and again it was bad news for the gaming industry. Revenue was down over twenty-five percent in the quarter.

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.

Bally's Turning To Mechanical Bull Prop To Increase Casino Business
In Atlantic City, casinos are doing everything they can to create some type of interest in their gambling industry. Bally's Wild West Casino is renovating their casino and hoping the addition of a mechanical bull will spur interest.

Atlantic City Casino's $2 Blackjack Tables Is Sign Of The Times
The Atlantic City casino industry has been hit so hard by the economy that the oldest casino in the city, Resorts Atlantic City, recently added $2 blackjack tables.

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.

Wynn Denies Interest In Atlantic City Casino Gambling Industry
Atlantic City has been a place that casino developers have run from in recent years, which is why it was surprising to hear rumors that Steve Wynn was interested in the stalled Revel casino project. On Friday, Wynn put an end to that speculation.

Atlantic City Casinos Putting New Jersey Residents Back To Work
It has been a rough couple of years for the Atlantic City casino industry, but in April, the casinos have put over 500 people back to work after a successful job fair was held.

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