Tag: atlantic city casino
New Jersey Casino Smoking Fight Heats Up
For years now, casino smoking in New Jersey has been allowed while anti-smoking advocates faced a tough road in their fight against the practice. There is a state wide ban on lighting up in a public places or work spaces, but there is an exemption for casinos. In fact, all across the country casinos tend to get a pass on this issue. But changing attitudes could put an end to that. The Smoke-Free Air Act was passed back in 2006, but now one of the original authors of that legislation is petitioning to have the casino carve out removed. Loretta…
Players Plan Return to Atlantic City Within 6 Months
A recent survey of more than 800 individuals has found that over 70% of them plan to be back in Atlantic City casinos this year… and sooner rather than later. The survey was conducted by the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism located at Stockton University. Additionally, over 40% of those who responded claimed to have visited the city at least once after the casinos reopened last July. Others stated they have stayed away over Coronavirus concerns. That shutdown lasted over three months and cost the city an estimated $112 million. Those who have visited Atlantic City…
Atlantic City battles to end a losing streak
Daily Herald – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…
Atlantic City earnings down nearly 45%
North Jersey – Atlantic City’s 12 casinos saw their collective earnings fall by nearly 45 percent in the second quarter of 2013, state regulators said Thursday. According to figures released by the state Division of Gaming Enforcement, the casinos made just over $65 million in profits during the second quarter, down from nearly $118 million in the same period last year. The biggest gain was posted by the Tropicana Casino and Resort, whose quarterly profits were up nearly 28 percent to $12.6 million. Caesars Atlantic City had a quarterly profit of $24.2 million, up 17.4 percent from last year’s second-quarter…
Atlantic City’s losing streak: More states compete for gambling revenue & jobs
Washington Post – The billboard hard by the Atlantic City Expressway is supposed to speak for a single casino, not an entire company town. But Revel Casino Resort’s marketing slogan resonates loudly throughout this struggling seaside resort. “Gamblers Wanted,” it says. And how. Atlantic City, the erstwhile East Coast gambling mecca, is on an epic losing streak; over the past six years, competitive and economic forces have crushed the local casino economy, driving revenue down more than 40 percent. Once, the city that inspired the board game Monopoly had its own gambling monopoly on this side of the country. Now,…
British Online Gambling Company Wants Atlantic City Casino
The advent of Internet gambling in New Jersey has left a British online gambling firm placing a bet on Atlantic City with plans to build or buy a resort casino. London-based 2UP Gaming PLC is in negotiations to purchase an Atlantic City casino. If that’s not possible, the company is prepared to build anew, said Vincent Crandon, who will oversee 2UP Gaming’s American expansion. The company announced its intentions Friday, saying an Asian investment firm is prepared to contribute $330 million to the project. “I don’t count New Jersey out by any means,” Crandon said, speaking about the decision to…