Revel in Atlantic City Loses Money First 3 Months of Operation: Other AC Casinos See Profit

Written by:
Published on:
Revel in Atlantic City Loses Money First 3 Months of Operation:  Other AC Casino

ATLANTIC CITY, N.J. (Associated Press) — Atlantic City's newest casino lost $35 million in its first three months of operation, while the gambling resort's other 11 casinos posted an increase in gross operating profit.

In a report issued Friday by the state Division of Gaming Enforcement, Atlantic City's casinos excluding Revel showed a 12.5 percent increase in profit from the same period in 2011, from $136 million to $153 million.

However, revenues at the 11 casinos fell about 8 percent compared to 2011's second quarter, from $855 million to $785 million.

Revel opened in early April. It reported $55 million in net revenue in the second quarter, which placed it eighth among the 12 gambling halls. Borgata Hotel Casino & Spa led with $175 million, down 4 percent from a year ago.

Business/Financial News

How to Profit as a Bookie

In today’s world even the least savvy of sports bettors has access to information via the Internet that offers a tremendous edge over a local bookie.  PricePerPlayer gives you the tools to overcome this.

PPH Sportsbook Offers Free Trial with Top Rated Sportsbook Solutions

It does not matter whether you are a seasoned professional running your own large sports bookmaking operation or a small private bookie just starting out, you need a Pay Per Head site that can offer the right sportsbook software solutions to handle the administrative end of things.