September 4, 2014 |
When Trump Plaza closes in two weeks, Atlantic City casinos will have 17,413 slot machines, fewer than half the total when Atlantic City's gambling revenue peaked at $5.2 billion in 2006. The 52 percent decline - from 36,620 in 2006 - in slot machines tops the overall 48 percent decline in slots revenue since 2006, based on results for the year ended July 31. So does that mean there's been enough bloodshed and no more Atlantic City casinos have to close? It's impossible to say if there will be enough business for the eight casinos that will remain when Trump Plaza closes after 30 years, putting its 1,020 employees out of work, according to one expert.
April 26, 2014 |
After finishing his lesson this week, Drexel University instructor Bob Ambrose told his undergraduates to take five. "Play some slots," he suggested. Which they did, attaching themselves to three bona fide slot machines and pulling their handles. The university this month became the first in the state to install slot machines for use in its casino management courses. The machines, known as "Reel Money," "Power Strike," and "American Original," donated by Bally Technology, don't accept money or pay out, but work much the same as a slot machine on any casino floor.
June 22, 2013 |
ATLANTIC CITY - Revel is embracing all things gambling-related, with a shift in strategy to address its biggest trouble spot and a tweak to its name. The casino at the Boardwalk's north end, which emerged May 21 from a bankruptcy resulting from anemic monthly gaming revenue, Thursday announced the new name, Revel Casino Hotel, and a new marketing theme, "Gamblers Wanted. " The campaign pulls away from Revel's original emphasis on its nongaming attractions, and involves an aggressive slot promotion in which the casino will refund all slot losses greater than $100 to gamblers using Revel Cards for the entire month of July.
February 14, 2013 |
The half-dozen applicants for Philadelphia's second casino license touted the merits of their proposals Tuesday before the Pennsylvania Gaming Control Board. Flashy videos with images of the city's skyline, its iconic attractions, and its smiling residents were standard fare. The first four groups - led by local developer Ken Goldenberg, South Philadelphia businessman Joseph Procacci, a partnership between regional casino operators Greenwood Gaming and Entertainment Inc. and Cordish Cos., and gaming giant Penn National Gaming Inc. - gave it their best shot.
December 17, 2012 |
ATLANTIC CITY - They're hard to miss. Follow the smell, or the smoke billowing over their slot machines. Gambler-smokers are as much a fixture at casinos as cocktail waitresses in skimpy outfits. But are gambling and smoking inextricably linked? "They go together," Paul Fischer, a limousine driver from Clifton, N.J., said as he took a puff while playing a $1 slot at the Borgata recently. "Every time I push a button on a slot machine, it goes hand-in-hand with the nicotine going to my brain," said Fischer, 62, who has been smoking for four decades.
October 26, 2012
WE DON'T need another casino, especially by wannabe union buster Bart Blatstein. We need manufacturing jobs that put money in people's pockets, not take it out. City Council needs to grow a backbone and just say no to Bart! Jim Hart Philadelphia A black Autumn? So this beautiful 12-year old girl, who happened to be white, was brutally murdered by two young black kids. As tragic as this crime is, it's just looked at as a crime. I'm curious to know how it would be viewed if it was a black girl killed by two white kids.
March 16, 2012 |
Three sales over the next few days will offer the acquisitions of a Midwest arcade-game collector, a New York antique toy-store proprietor, and a Delaware Civil War prison guard. The arcade-game collector was the late Frank Zygmunt Sr. of Chicago, a trader for 25 years in vintage slot machines, jukeboxes, and similar coin-operated devices. Zygmunt's collection will be offered by Morphy Auctions at a sale beginning at 10 a.m. Saturday at the gallery near Reading. The 415-lot sale also is being conducted online through Morphy's website, www.morphyauctions.com , and at www.LiveAuctioneers.com . Vintage coin-ops have long been collectible, often winding up in residential basement bars.
March 8, 2012 |
HARRISBURG - Pennsylvania horse racing leaders say Gov. Corbett's proposal to remove $72 million from a special fund created from slot-machine revenues threatens the state's thriving equine industry. Seeking to address a budget shortfall, Corbett wants to shift the money from the Race Horse Development Fund into agricultural and veterinary research and funding for county fairs. Industry leaders, who were granted an unusual formal hearing before the House Appropriations Committee on Wednesday, said the move would cause horse-breeding incentives and winners' purses to plummet.
January 5, 2012 |
ATLANTIC CITY - More than 320 slot machines were wheeled into the Revel Atlantic City casino on Wednesday, the $2.4 billion mega-resort that officials say could open well before Memorial Day. Construction at Revel, which takes its design inspiration from the ocean's waves, is about two weeks ahead of schedule, according to Lisa Johnson, a spokeswoman for the Revel Entertainment Group. The facility may welcome guests before its previously announced May 15 opening date, she said.