..

AC Casinos Report Modest Gains

Written by:
Guest
Published on:
Jun/15/2017

ATLANTIC CITY – (Associated Press) - New Jersey's internet gambling market provided another boost to casino revenues in May as the industry posted overall gambling winnings higher than the previous year.

BetOnline

Online gambling raked in $21.1 million in May, falling just short of its best month ever in March with $21.7 million. Online gambling revenues in April were $16.5 million.

Figures released Wednesday by the state Division of Gaming Enforcement show the casinos won $208.3 million in May. Though a $13.5 million drop from figures in March, it reflects a more than 2.5 percent increase from May last year.

Casinos won a total of $229.4 million from gamblers -- a 4.3-percent increase from May 2016.

For the year so far, Atlantic City's casinos have raked in a total of $971.8 million, reflecting a $17.5 million increase since the prior year.

Online gambling, however, rose 29 percent to $101.2 million compared to the prior period. The industry's overall total gaming wins increased to $1.07 billion, reflecting an increase of nearly 4 percent, compared to the same period last year.

Except for Bally's, nearly all the casino operators in Atlantic City generated increases -- including both casino and online gambling revenues -- compared to May last year.

    The Borgata -- increased nearly $7 million

    Caesars -- increased roughly $5.6 million

    Golden Nugget -- increased roughly $3.5 million

    Harrah's -- increased roughly $66,000

    Resorts -- increased roughly $1.3 million

    Tropicana -- increased roughly $5.8 million

Business/Financial News

Dow Jumps 400 Points, Nasdaq Surges 2% Following Inflation Report: Latest BetOnline Financial Odds

Dow Jumps 400 Points, Nasdaq Surges 2% Following Inflation Report: Latest BetOnline Financial Odds

Consumer prices rose 8.5% in July, and while that may seem like a lot, it was less than expected as the pace of the rise had slowed.

£9.9 Billion Class Action Lawsuit Filed Against Binance, Kraken, Others

£9.9 Billion Class Action Lawsuit Filed Against Binance, Kraken, Others

A £9.9 billion class action lawsuit has been filed against Binance, Bittylicious, Kraken and Shapeshift.  The plaintiffs are mostly BSV Blockchain investors.

VERDICT: Peter McCormack Liable for Defamation on All Counts

VERDICT: Peter McCormack Liable for Defamation on All Counts

The judge also found that McCormack’s defamatory tweets had caused serious harm to Wright's reputation in the United Kingdom.

Odds on the JetBlue Spirit Airways Merger Getting Approval

Gambling911.com has the odds of a JetBlue Spirit Airways merger receiving approval from the U.S. government by July 2024 set at +130.

Mark Cuban Anticipates SEC to Impose 'Nightmare' Crypto Registration Rules

Mark Cuban Anticipates SEC to Impose 'Nightmare' Crypto Registration Rules

And another serial entrepreneur, Calvin Ayre, asks: "How is anyone surprised that the SEC thinks most token platforms are securities when we have published this", directing folks to an article appearing on CoinGeek entitled: 'Ethereum 2.0 – Ether’s journey from a security to a security'

Syndicate