June 11, 2013 |
ATLANTIC CITY - Atlantic City's casinos still aren't playing "Back In Black" over their loudspeakers, but the decline in their revenue slowed significantly in May. The city's casinos won more than $253.1 million last month, down 3.8 percent compared with a year ago. The figure is far less than the double-digit declines the casinos registered in the first four months of this year. It was indisputably the best month of the year for the casinos. January saw a 13.7 percent decline, followed by plunges of 12.5 percent in February, 10.5 percent in March and 12.1 percent in April.
March 5, 2013
Total revenue generated by slot machines at Pennsylvania casinos during February fell 9.2 percent compared to last year, the Pennsylvania Gaming Control Board said Monday. February's gross slot revenue at 11 operating casinos was $195.9 million compared to $215.7 million in February 2012. Among the 10 casinos operating this year that were also open for the full month of February 2012, revenue sank 11.5 percent. The board noted that 2012 was a "Leap Year," so players had 3.6 percent more hours to gamble during the 29-day February last year.
January 5, 2013 |
Pennsylvania's gambling industry continues to grow, even as casinos proliferate in nearby states. The state Gaming Control Board reported Thursday that gross revenue from slot machines for the 2012 calendar year was nearly $2.5 billion, or 2.7 percent higher than the previous year's $2.41 billion total. Parx led the state's 11 casinos with $384.6 million, up 2.1 percent from 2011. It finished ahead of Sands Casino Resort in Bethlehem ($291.5 million) and Rivers in downtown Pittsburgh ($282.1 million)
January 4, 2013 |
Pennsylvania's gambling industry continues to grow, even as new casinos proliferate in nearby states. The state Gaming Control Board reported Thursday that gross revenue from slot machines for the 2012 calendar year was nearly $2.5 billion, or 2.7 percent higher than the previous year's $2.41 billion total. Parx led the state's 11 casinos with $384.6 million, up 2.1 percent from 2011. It finished ahead of Sands Casino Resort in Bethlehem ($291.5 million) and Rivers in downtown Pittsburgh ($282.1 million)
December 10, 2012 |
ATLANTIC CITY - Two lines of twentysomethings formed outside the HQ Nightclub at the impressive Revel casino just before midnight on a recent Friday. Among those eager to get in was Bill Cruise, 28, of Brooklyn - his first visit to Atlantic City since Hurricane Sandy. "It's pretty hip," Cruise said of the eight-month-old complex. "This is a step above, for sure. Everything is brand-spanking new. " But while HQ quickly filled up, row after row of slot machines on Revel's nearby 150,000-square-foot gaming floor sat empty.
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.
October 4, 2012
IN THE REGION TD Bank, Wells Fargo tops in deposits TD Bank N.A. and Wells Fargo Bank N.A. were neck and neck as the largest banks by local deposits in the eight-county Philadelphia region, according to annual data released by federal regulators Tuesday. As it normally does this time of year, the Federal Deposit Insurance Corp. issued deposit data for all banks as of June 30. The Inquirer calculated local deposits for a region composed of Bucks, Chester, Delaware, Montgomery and Philadelphia Counties in Pennsylvania; and Burlington, Camden and Gloucester Counties in New Jersey.
August 27, 2012 |
ATLANTIC CITY - Revel was supposed to be a job-generating machine - creating 5,500 full-time jobs with benefits as the biggest, most expensive casino ever built in New Jersey. That job figure was heavily touted by Gov. Christie and Revel's owner until just weeks before the casino's soft opening in April. By June, the $2.4 billion mega-casino had its 14 restaurants, two theaters, 10 swimming pools, a giant spa, a retail mall, and other non-gaming attractions open for business - as well as 1,400 of 1,800 rooms and a 130,000-square-foot gaming floor.
August 15, 2012 |
More than a year ago, the owners of the SugarHouse Casino unveiled plans to almost double the gaming space at the Fishtown casino on Delaware Avenue. By now, workers should have been tearing up blacktop to make way for a $142 million expansion with one level of new casino space and restaurants, plus six floors of parking. But the only work they are doing on the 22-acre property this summer is cutting down overgrown trees by the water's edge. The expansion is on hold until a Delaware chancery court rules on a year-old legal dispute among the SugarHouse owners.
July 9, 2012 |
ATLANTIC CITY — Baseball fans might see a certain similarity between Revel's first few months of operation and Phillies pitcher Cliff Lee's record: Waiting for that first victory can be painful. Lee didn't get his first win until July 4; the season started April 5. Revel, meanwhile, is still looking to demonstrate that it can be the big draw city and New Jersey officials have hoped for; since its opening in April, the numbers have been disappointing. The $2.4 billion megacasino's early struggles are particularly worrisome because Atlantic City is relying on Revel's pools, spa, retail mall, and celebrity-chef restaurants to lead its transformation into an overnight, nongaming destination like Las Vegas.