Jean-François Cot, secretary general of the employers’ association of Casinos de France, told Le Figaro that the crisis through which the sector is presently going could deeply affect about ten of them, that is about 5% of the casinos. ”It is clear that the drop in GGR won’t recover any soon. And we all know that in the other countries, it took several years to revert to a slightly comparable turnover,” he specified on Wednesday 13 August.

High gas prices, fierce competition and an ailing economy have taken a heavy toll on Atlantic City's casinos, and industry analysts predict even more pain ahead, including layoffs, bankruptcy filings and lower tax revenue for senior citizen programs. "Atlantic City is truly at a crossroads," said Harvey Perkins, senior vice president of the casino consulting firm Spectrum Gaming Group. "Layoffs are a given.

Crown says it is still in the hunt for "compelling" US casino acquisitions despite slashing some of its existing US investments by AUD 181 million. Crown took the knife to the AUD 414 million book values of minority stakes in Harrah's Entertainment and Stations Casino Group, just six months after buying them. Its 19.6 per cent stake in Fontainebleau in Las Vegas was included in the writedown...

Due to plummeting revenues, Pinnacle Entertainment has shelved plans to acquire rival Ameristar Casinos. Pinnacle saw a net loss of USD 18.1 million (30 cents per share) in second quarter 2008, compared with a net income of USD 9.9 million (16 cents a share) in the same quarter of 2007. Analysts had predicted a net loss of 2 cents per share.

New York (AP) -- Gambling revenue dipped 1.1 percent for the state of Nevada in the month of June as revenue collected by the largest casinos on the Las Vegas Strip fell, according to data released by the Nevada Gaming Control Board on Monday. Nevada's gambling licensees reported a total "gaming win" of USD 949.3 million for the month of June, a 1.1 percent decline from USD 960 in June 2007.

Newark, New Jersey - (AP) -- Any hope for a turnaround at Atlantic City's casinos evaporated in the July heat. Summer is usually a hot time for the 11 gambling halls, but not this year. Revenues fell 6.6 percent this July compared to a year ago, increasing the likelihood that the city's industry will have its second consecutive down year. The casinos took in USD 438.7 million in July, compared to USD 469.6 million a year earlier...

The high-flying gambling industry, long thought to be recession-proof, is having its wings clipped, and its woes may say as much about the economy as about the industry. So far this year, a handful of debt-laden casino operators have filed for bankruptcy, and several others have shelved or slowed ambitious expansion plans as financing has become tougher to secure.

The Kansas City area’s four riverboat casinos recorded slightly higher combined revenue but a lower customer count for July compared with last year, the Missouri Gaming Commission said Monday. The Kansas City market recorded USD 62.1 million in July revenue, up less than 1 percent from USD 62 million last year. The market’s combined customer count was 926,870, down 2.3 percent from 947,976 last year.

The barriers against the cross-border offering of sports betting and gambling erected by the EU (and EEA) Member States have been under strict scrutiny by the European Commission for several years. The Commission judges numerous national provisions to be in breach of Community law and has therefore already initiated infringement proceedings against several Member States, including Germany (two proceedings, one relating to the sports betting monopoly and one relating to the new Interstate Treaty on Gambling) and Austria.

With a total of 20 gambling venues currently operating in the country, Puerto Rican government collects around USD 300 million a year in casinos. Seven new casinos are planned to open before the end of the year. Recreational machines hosted in this type of centers are administrated under a monitoring system, it means, an online central server. They also count with a procedure to count the profitability of the machines.

Atlantic City, New Jersey (AP) -- A nasty June swoon at the resort's 11 casinos could be evidence that Atlantic City is heading for a second straight down year in terms of revenue. The gambling halls took in [[USD]] 373.6 million in June, an 11 percent decrease over the same month a year ago. Only one of the 11 casinos saw revenues increase last month, and of the losers, eight posted double-digit declines.

Chicago (MarketWatch) -- Casino stocks were battered again Thursday, with shares of the big players scraping to multiyear lows on the back of news of a precipitous drop in Nevada's gambling revenue. Statewide, gambling revenue in May slumped 15%, with a roughly similar pace of decline in table games and slot machines alike. Things were even worse on the Las Vegas Strip...