Tag: Atlantic City

Third quarter results pose difficult questions for Atlantic City

Atlantic City Third quarter results questions finance
The third quarter results from the New Jersey Department of Gaming Enforcement have revealed that whilst two new market entrants obviously boosted year-on-year revenues the underlying strength of the market is not in the best of shape. It was supposed to be so easy. The Atlantic City market was on the up and two new market entrants were about to...

Atlantic City sees 22.5 percent revenue rise in August

Atlantic City, revenue
There is cause for celebration over in Atlantic City as the east coast gaming hub posted August revenues up 22.5 percent on the same month last year. Whilst the opening of two new properties this summer and the recent introduction of sports betting clearly had an effect on the increased figures there were still a number of other encouraging stories...

Scientific Games powers opening of Hard Rock Atlantic City

Atlantic City Hard Rock
The newly-opened Hard Rock Hotel & Casino Atlantic City is powered by a comprehensive system and games package provided by Scientific Games who have installed key systems products such as SDS®, CMP®, CMP Cage, Business Intelligence (BI), iVIEW®4, iVIEW DM, Elite Bonusing Suite® (EBS), and Beverage Ordering System (BOSS)...

Hard Rock success glosses over Atlantic City difficulties

Atlantic City
A wildly successful July for the recently opened Hard Rock Hotel and Casino provided some much needed gloss to some wholly underwhelming performances in Atlantic City. The first full month of operation from the recently-opened Hard Rock and Ocean Resorts premises was always going to provide a boost for Atlantic City, at least with a certain degree of trepidation attached....

You can build it, but will they come?

Atlantic City Hard Rock
Build it and they will come, so the serially mis-referenced adage goes, and with the positive opening of two new casino properties in Atlantic City it would seem to ring true down the east coast shoreline. High profile ribbon cuttings, oceanside musical events and quintessentially American fourth of July celebrations swelled visitor numbers to the town in recent weeks, but...

IGT’s systems and gaming solutions power Ocean Resort Casino

New York-listed supplier IGT has provided systems solutions, slots content, and mobile innovations to Atlantic City’s newest venue, Ocean Resort Casino. Atlantic City’s $400m Ocean Resort Casino opened its doors on 28 June with a gaming floor connected by IGT Systems solutions, including the firm’s flagship casino management system, IGT Advantage. The new casino addition- ally features a broad portfolio of...

Atlantic City’s summer lovin’

Atlantic City Hard Rock
Atlantic City’s two new market entrants and the opening of sportsbooks provided a boost for a market struggling to meet last year’s positivity. Eyes are now being cast forward to see how existing enterprises deal with the change. The latest figures from the New Jersey Division of Gaming Enforcement show that June proved a boon for the city’s gambling industry,...

USA roundup: SugarHouse, Atlantic City and Massachusetts

Roulette table
One of Pennsylvania’s largest gaming properties, the SugarHouse Casino, has appointed a new general manager. Cheryl Duhon has joined the commercial operator after previously serving as a vice president of Resorts Casino Hotel in Tunica, Mississippi. Prior to joining Resorts executive leadership team in Tunica Duhon was a financial analyst and, later, director of marketing at Riverwalk Casino Hotel in...

Atlantic City revenues fail to reach heights of ‘lucky’ year in May

ICR 189 NAMERICA AC
According to figures released by the New Jersey Division of Gaming Enforcement revenues at Atlantic City’s brick and mortar properties fell short of 2017’s results by 7 percent. Once online gaming is factored in revenues only dropped by 5.1 percent from 2017, but seemingly poor performances on the venue floor are not necessarily down to waning customer interest or player...

Atlantic City bears brunt of stormy quarter

Atlantic City
Atlantic City’s casino properties saw their Q1 earnings drop my almost 12 percent compared to the same period last year despite all remaining profitable. All had seemed golden upon the sands of New Jersey as reports of an Atlantic City comeback appeared to vindicate themselves on a month by month basis throughout most of 2017. However, the latest figures for...

IGT’s sports betting platform deployed in Atlantic City

ICR 189 SUPPLIER IGTSPORTSBETTING
MGM Resorts International has opted for IGT's sports betting platform to run its retail sports betting operations following New Jersey's legalisation of sports betting. IGT was selected by MGM Resorts to provide its end-to-end sports betting solution at the Borgata Hotel Casino and Spa in Atlantic City, New Jersey. The Borgata has opened for sports betting with IGT's retail point-of-sale system,...

Return of the Mack: Atlantic City doubles up on revenue growth

Atlantic City
With the market preparing itself for the opening of two new premises a recent financial report has shown that Atlantic City casino revenues grew for the second consecutive year in 2017 after a decade of decline. Atlantic City saw its second straight year of gaming revenue growth in 2017, according to recent figures, in news that is sure to breed...

Atlantic City celebrates magnificent seven amid slimmed casino competition

Atlantic City Hard Rock
Atlantic City’s seven operational casinos saw profits rise 22.5 percent year on year in 2017, with the GGR hitting $723m. The revenue increase hints at a resurgence for the New Jersey resort, which has seen five of its original twelve casinos close since 2014. “It was a very up year,” said James Plousis, chairman of the Casino Control Commission, adding “the...

The proof is in the profits for Atlantic City

ICr - Atlantic City
That may have started as tentative speculation and later became whispered optimism has now been affirmed as a concrete fact, the Atlantic City casino industry has just posted its second successive year of growth.   The New Jersey Division of Gaming Enforcement has released its fiscal statements for the final month of 2017, highlighting overall land based revenue of $186.2m. Despite...

Atlantic City’s Revel sold for $200m

revel atlantic casino
Bruce Deifik’s AC Ocean Walk plans to rebrand the Revel as the Ocean Resort Casino, while the relaunched property will include a sports book, a high-end players’ club, and new restaurants.   Colorado developer Bruce Deifik has confirmed that he has purchased the Revel Casino Hotel for $200m from Glenn Straub. In a statement on 8 January, Deifik’s AC Ocean Walk group...

Atlantic City showing growth across the board

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All eyes may be on the Supreme Court as it hosts arguments for why Atlantic City should have sports betting, but back on the boardwalk, land-based casinos have been continuing their rise up from recession.   When workers removed the tarpaulin from a roadside sign some dozen blocks away from the shuttered Trump Taj Mahal there was little in the way...

Tides turning on Atlantic City fortunes

ICr - Atlantic City
Gaming in New Jersey is on the rise following a period of poor performances, with investment into Atlantic City properties and a boost in revenues from casinoregulated online gaming reinvigorating the market, reports Tom Rush.   Atlantic City, and all its mansions of glory, has weathered turbulence becoming of its position of coastal exposure, but it now appears the clouds of...

GiGse content director to lead iGaming discussion at Atlantic City conference

Casino Review - GiGse 40 hours disruption Ewa Bakun launchpad Atlantic
Ewa Bakun, Clarion Gaming’s Head of Content and long-time producer of GiGse, Clarion’s flagship US facing event, will moderate the iGaming panel at the East Coast Gaming Congress and Next Generation Gaming Forum (ECGC) taking place May 24-25 in Atlantic City. Commenting on the market dynamics, she said: "The online gaming numbers in New Jersey keep showing healthy growth with...

New York boom, New Jersey gloom, despite online silver lining

Casino Review - New York New Jersey
Tri-state titans, New York and New Jersey experienced contrasting periods of casino prosperity in February. Whilst The Big Apple marked encouraging wins, the Garden State saw a continued desertion of land-based operations for online gambling.   Results show that New York’s three commercial properties have generated the total amount of $39.6m in gross gaming revenue in the period between 4 December...

New Jersey turnpike: Polls suggest North Jersey casino expansion unlikely

Not only will New Jersey voters be selecting their next president and several local representatives on 8 November, but they will also be deciding on whether or not to expand casino gaming into North Jersey.   According to the latest polling data, there is little chance of Garden State voters approving the state constitutional amendment to end Atlantic City’s gambling monopoly...

Icahn’s hopes of re-opening Taj Mahal scuppered

Casino Review Trump Taj Mahal
Following the closure of the Trump Taj Mahal in Atlantic City on October 10, the New Jersey Senate has passed a bill designed to keep billionaire investor Carl Icahn from re-opening the resort for five years. Bill S2575, which was affirmed by a vote of 29 to six, amends the portion of New Jersey law that details how someone could...

Trump Taj Mahal casino closes after 26 years

Casino Review Trump Taj Mahal
The Trump Taj Mahal has become the fifth casino to close down in Atlantic City since 2014.James Walker reports.   As the 2016 US presidential race draws to an end, Trump Taj Mahal – the last remaining Atlantic City casino property bearing the name of the Republican Party nominee – has closed its doors for the final time, after union talks...

Scientific Games premiers Willy Wonka slot machine at the Borgata Hotel Casino

Casino Review Scientific Wonkaworld
Scientific Games and Borgata Hotel Casino & Spa have teamed up to bring the first Willy Wonka World of Wonka wide-area progressive slot games on Scientific Games' Gamescape platform to the Atlantic City casino resort. The recent launch introduces players to the wonder of Willy Wonka through an entertaining play experience while adding beauty and attraction to Borgata's casino floor....

VisuaLimits adds 155 VL-Focus Intelligent Table Limit Signs at Borgata Hotel Casino

Borgata VisuaLimits Atlantic City
VisuaLimits has announced that 155 VL-Focus Intelligent Limit Signs with optical-analytics capabilities have been installed at Borgata Hotel Casino & Spa in Atlantic City, New Jersey. Compared to the basic LCD table limit displays, the VL-Focus Intelligent Table Limit Signs offer an array of capabilities designed to bring table games to the forefront of technology. Richard Henderson, vice president of...

Taj Mahal closure could sway North Jersey referendum

Trump, Taj Mahal, Casino Review,
Casino closure could be used by both supporters and opponents of NJ casino expansion debate.   With the announcement of the closure of Atlantic City’s Trump Taj Mahal on 5 August, the fifth Atlantic City casino to close its doors in the past two years, the news looks likely to be used to by partisans on both sides of New Jersey’s...

Trump Taj Mahal Casino Resort closure announced

atlantic
The Republican Presidential candidate’s formerly owned “eighth wonder of the world” is set to close next month. The owners of the Trump Taj Mahal Casino Resort in New Jersey have announced it is due to close its doors to the public after it had been stricken by workers’ strikes and years of financial instability. The company, which employed over 2,100 people...

Atlantic City revenues down slightly in May

Atlantic City, New Jersey Tropicana
Gross gaming revenues in Atlantic City, New Jersey, were down 0.6 per cent for the month of May, as increased performance in the table game and online sectors failed to offset a continued decline in slots. Overall revenues for the city’s eight casinos totalled $219.8m (E198m), according to figures released by the state Division of Gaming Enforcement. That included $16.5m...

North NJ’s gain, Atlantic City’s loss – says Fitch

New York City,New Jersey, Atlantic City, Macau
Making news this month: Fitch Ratings says expansion in New Jersey would inevitably hurt Atlantic City, casino shuttle services have been combined in Macau and journalists at the Las Vegas Review Journal have been honoured for their work in uncovering the details of the paper’s sale last year.   As reported by Reuters, Fitch Ratings has issued a statement warning that...

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