London/Munich, July 24, 2014 - For several years now the online gambling industry has declared the mobile channel its key growth driver. But the industry lacks more in-depth information regarding the mobile success story. Especially when it comes to the question of whether mobile revenues are new/additional revenue or "just" cannibalisation of existing revenue...
A day after Penn National Gaming blew away earnings projections, Pinnacle Entertainment backed up Wall Street's thesis that regional gaming markets are showing small signs of recovery. Pinnacle, which is based in Las Vegas but operates primarily in the South and Midwest, beat analysts' expectations Friday when the company announced its first-quarter earnings.
Chile Casino Superintendence released operational results obtained by the eight new casinos that operated during 2008 in councils of Antofagasta, Copiapó, Santa Cruz, Mostazal, Talca, Pinto, Talcahuano and Los Ángeles. Just Termas de Chillán (Pinto) casino opened the whole year, because the remaining seven started to operate between July and December last year...
Late this past week, there was finally some good news to speak about concerning Macau’s casino revenue. After months of struggling through the rough economy, Macau has posted a revenue increase for the first three months of 2009. Anyone that thought that Las Vegas and Atlantic City were the only two casino destinations that were struggling because of the economy, should check out Macau.
Things have never been this bad for Atlantic City's casinos. Revenue is plunging at a record-breaking pace. Nearly 3,100 jobs have been lost in a year. Things have gotten so bad at Atlantic City's gambling halls that the head of the local casino association recently urged workers not to discuss the economy with customers.
Philadelphia (Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamblers' spending. Combined revenue from the 11 casinos in New Jersey's gaming capital dropped 19.4 percent to USD 318.4 million in March...
Mount Laurel, New Jersey (AP) - Not only gambling revenue is falling at Atlantic City's 11 casinos. The resort city's casinos are making less from food, lodging and other amenities, too, according to a report issued Thursday by the state Casino Control Commission.
Half-finished casinos and dropping revenues have fuelled fears that Macau’s staggering growth has faltered, but analysts insist the gaming haven remains a sure long-term bet. Macau has transformed itself from a sleepy backwater to a dazzling entertainment centre in the last five years, with foreign and Chinese-owned casinos sprouting up across the territory. The city of just 550,000 now takes in more gaming revenue than Las Vegas and Atlantic City combined...
(Bloomberg) - Casino gambling revenue dropped 15 percent on the Las Vegas Strip in January and tumbled 19 percent in Atlantic City last month as the U.S. recession curbed spending on travel and betting. Casino proceeds on the Strip, the biggest U.S. gambling center, slumped to USD 510.4 million in January, Nevada’s Gaming Control Board said today in an e-mailed statement.
Kansas City, Missouri (AP) - While both Las Vegas and Atlantic City are reporting double-digit declines in casino revenues, Missouri's gambling income is growing. The state's casino industry continues to shrug off the nation's recession, posting both higher revenues and more patrons in February than during the same month a year ago, according to the Missouri Gaming Commission.
According to figures released by the Gaming Control Board, casinos statewide won USD 11.6 billion from customers during the year, a drop of 9.7 % when compared with the USD 12.8 billion won from gamblers in 2007, the sharpest decline in state history. The question now is will the trend continue into 2009. The 2008 gaming revenue figure was the lowest statewide total since 2005, when casinos also won USD 11.6 billion from gamblers.
Revenue for the 11 casinos in Atlantic City decreased 9.4 percent last month from the same month a year ago. The casinos generated USD 321.4 million in total gambling revenue, according to figures released today by the New Jersey Casino Control Commission, which regulates the Atlantic City gaming market. Of that, nearly 66 percent of total revenue, or USD 211.6 million, came from slot machines. The remainder, USD 109.8 million, came from table games.
