Revenues of Atlantic City casinos drop 45 percent

During the second quarter of 2013, 12 casinos in Atlantic City experienced a drop in revenues of 45 percent, according to state regulators. Figures showed that the casinos made just over $65 million in profits during this period when last year, the casinos made nearly $118 during the same period.

Figures released by the State Division of Gaming Enforcement, showed that Tropicana Casino’s profits increased 28 percent to $12.6 million; Caesars Atlantic City increased from $20.6 million last year to $24.2 million this year while four of the 12 casinos experienced losses in April, May and June.

Recent Posts

UK Gambling Commission issues a £6m fine to online operator Casumo

The UK Gambling Commission has issued a £6m (EUR 7.0m / USD 8.2m) penalty to online operator Casumo for severe…

3 weeks ago

Dutch Remote Gambling Act comes into force April 1

The Dutch Gambling Authority (Kansspelautoriteit/Ksa) expects that by October 1 this year, roughly 6 months from the enactment of the…

4 weeks ago

888 Holdings report a staggering 52% increase in revenue during 2020

Amidst a global pandemic, 888 Holdings has reported a staggering 52% increase in revenue during full-year 2020 to $849.7 million…

4 weeks ago

Playtech and Flutter shake hands on another 5 years

Playtech, a leading global gambling technology company, have announced the extension of their partnership with Flutter Entertainment for its Paddy…

4 weeks ago

Will FUN Token be on solid ground in iGaming?, a large online (crypto) casino is ambitious and is looking to turn the FunFair (FUN)Token into the token of…

1 month ago

Has Swedish regulation failed?

Gustaf Hagman strongly believes so. In a recent interview with Gambling Insider, the LeoVegas Chief Executive Officer expressed his concern…

2 months ago