10 June 2010

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 Casino Revenue Stabilizes In April
After many months of torturous revenue results, Atlantic City casinos finally have something to look forward to. In April, revenue stayed close the same month from 2008, and that was good news for the city's casino industry.

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.

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.

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.

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.

Atlantic City Could See Gambling Increase With New Casinos
A bill is making its way through the New Jersey Senate that would create an opportunity for four new boutique casinos in Atlantic City. The bill passed a committee this week unanimously.

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.

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.

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.

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