Atlantic City Casino Revenue Shows Symptoms of Stabilizing, Online Gambling Thriving

Atlantic City Casino Revenue Shows Symptoms of Stabilizing, Online Gambling Thriving

The economic crash in Atlantic City has seemed to bottom out at least for the casinos, as revenues for the residual gambling resorts are 3.1 percent higher than they certainly were at this time final year.

Atlantic City gambling enterprises may have finally weathered the storm and started to stabilize the gambling industry for the eight remaining resorts. After 10 years of decreasing profits because of America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has did actually reach a new norm.

Lower than 2 yrs after one-fourth of its casinos went away from business, revenues for Atlantic City decreased only marginally in March. The region’s casino win totaled $187,463,591 for a 1.7 loss that is percent though when Internet gambling is included Atlantic City fell just 0.4 percent.

Traditional table gaming ended up being the worst performer in March as casinos reported a 5.9 percent drop on supposedly higher win rates. The decrease had been offset by online gaming, which rose an astonishing 17.8 percent during the month.

Calm After the Storm

Though the town in Atlantic City is broke and currently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is better to manage the town’s recovery, 2016 is off to a great begin for the casinos.

Gambling wins in January, Continuar leyendo «Atlantic City Casino Revenue Shows Symptoms of Stabilizing, Online Gambling Thriving»

New Jersey Governor Chris Christie Requires Atlantic City Budget Slim Down for Municipal Workers

 New Jersey Governor Chris Christie Requires Atlantic City Budget Slim Down for Municipal Workers

New Jersey Governor Chris Christie is no longer crisscrossing the nation on the presidential campaign trail, and therefore the Republican, now in his second gubernatorial term, has more time to refocus his efforts on issues facing his or her own state.

New Jersey Governor Chris Christie said enough is sufficient on Thursday, calling on state lawmakers to take close control of the town. He made his situation loaded with colorful graphs displaying the reckless overspending that’s become rampant in Atlantic City.

No concern is more paramount in nj-new Jersey right now than Atlantic City’s current crisis that is financial. On Thursday, Christie told his fellow legislators that it’s within the city’s best interest allowing the state to take control of its funds.

‘Even with all the support as well as the advice of the Emergency Manager that we applied in 2015, Atlantic City took only modest steps to rein inside their costs,’ Christie said at the statehouse this week. ‘They face a $100 million budget shortfall this $100 million spending plan deficit this season . . year . These are the numbers, this really is the math, and they are the reality, and there’s no debate relating to this.’

Park Destination & Boardwalk Salaries

The governor highlighted what he believes to be gross overspending on municipal workers in Christie’s arguments. Armed with charts and graphs, he show Continuar leyendo «New Jersey Governor Chris Christie Requires Atlantic City Budget Slim Down for Municipal Workers»

Atlantic City Face Off Between Governor Chris Christie and Mayor Don Guardian Turns Bitter

Atlantic City Face Off Between Governor Chris Christie and Mayor Don Guardian Turns Bitter

Atlantic City is out of money, plus it’s additionally quickly running away from time.

State Assembly Democrats were scrambling on Friday to determine how to continue in supplying school funding to the cash-strapped resort gambling town. The Senate, also controlled by the Democrats, has already authorized legislation aligned with Republican Governor Chris Christie, to seize governmental responsibility for Atlantic City.

New Jersey Governor Chris Christie, seen here with State Senate President Stephen Sweeney, left, has gotten in to a dialogue that is bitter Atlantic City Mayor Don Guardian, right, on the best way to rescue the city.

But Assembly Democrats aren’t in love with the basic concept, particularly Assembly Speaker Vincent Preito, who prefers a rescue bill that would give AC couple of years to demonstrate progress or face a state takeover.

‘It’s unfortunate that Gov. Christie has failed to use his authority that is existing to Atlantic City,’ Preito said in a statement on Thursday. Talking to his or her own legislation, Preito declared, ‘This bill is a very fair compromise that accomplishes everybody’s goals.’

Dem Fighting Words

Christie’s plan, that is supported by State Senate President Stephen Sweeney (D), was at first also supported by Republican Atlantic City Mayor Don Guardian. But just days later, the mayor rescinded their compliance.

The flip-flop has caused a war of t Continuar leyendo «Atlantic City Face Off Between Governor Chris Christie and Mayor Don Guardian Turns Bitter»

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years

NBA Commissioner Adam Silver is the strongest proponent of legalizing sports gambling associated with the four major expert sports leagues, and this week he predicted that the federal repeal to the present ban comes into play the following couple of years.

Basketball boss Adam Silver thinks the chances of PASPA’s repeal are about as strong as the Golden State Warriors winning another NBA name in the years that are coming. (Image: CBS Sports)

Appearing on a panel alongside the other ‘Big Four’ commissioners, NFL Commissioner Roger Goodell, MLB boss Rob Manfred, and NHL Commissioner Gary Bettman, the executives had been asked to consider in on the long term of gambling in recreations.

Silver, not surprisingly, gave the most endorsement that is resounding legalizing activities gambling.

‘My feeling is the law will change in the next few years in the usa,’ Silver explained, as reported by SportsBusiness Journal. Silver added that when what the law states changes and sports gambling turns into a right reserved to the states, he hopes jurisdictions that legalize sportsbooks would also allow betting that is in-play.

‘People wish to bet throughout the game. It results in enormous additional engagement with the fans,’ Silver concluded.

The four league bosses had been appearing at a conversation titled GameChangers: Creating the Future of Sports. The event had been hosted by The Paley Center Continuar leyendo «NBA Commissioner Adam Silver Believes Sports Betting Legalization a Slam Dunk in Coming Years»

Gambling On Citi Field: Mets Owners Make An Effort To Open A Brand New York Casino

Gambling On Citi Field: Mets Owners Make An Effort To Open A Brand New York Casino

Simply as New York’s Gov. Andrew Cuomo and state legislators hash out discussions over whether or perhaps not to legalize state-sanctioned gambling enterprises in the Empire State, it would appear that the ny Mets may soon have a casino neighbor of their own, albeit an Indian-run one. According to recent tales into The New York Post, Mets owners Fred Wilpo and Saul Katz are checking out their options regarding creating a 500-room, full-service hotel/casino complex directly next to Mets’ Citi Field park location; a bold move which could interest gamblers and non-gamblers alike with slots, dining table games, and an additional 1.8 million square feet of luxury amenities and space that is retail.

Wilpo and Katz have inked a deal with the Southampton, Long Island-based Shinnecock Indian Nation to operate the latest York casino when ( if) it becomes a reality. Attempting to sweeten the deal for New York City, the ownership group is apparently providing a $100 million signing bonus to the town for the 62-acre Queens-based site they have earmarked for the project, stating that the Willets Point locale will be used to attract millions of visitors from the ny area, also as worldwide.

Fueling the project will be the hope of recouping some of the multimillion dollar losses the Mets’ incurred to your notorious Bernie Madoff’s disastrous Ponzi schemes several years ago. An additional motivation will Continuar leyendo «Gambling On Citi Field: Mets Owners Make An Effort To Open A Brand New York Casino»

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley

This week’s poker news focuses on three big winners through the week that is past. Let us take a good look at the events that are recent roundup the outcomes. Renad Bohdanov, James Chen, and Dash Dudley each notched victories this week in poker tournaments around the world.

Bohdanov Wins 350 Euro No-Limit Hold’em ‘Opener’ Event

We’ve broken the ice into the 2019 World Series of Poker event in its European routine. Renat Bohdanov has claimed the first win, earning the very first silver bracelet given out. Bohdanov emerged from a field of 1,011 entries to win the 350 Euro No-Limit Hold’em ‘Opener’ Event, capturing their gold that is first-ever bracelet the method. The 34-year-old from Ukraine received $59,546 USD when planning on taking home the top prize in the competition. He also attained a 10,300 Euro ticket in to the future 5 million euro guaranteed main event.

In addition to the prize money and the ticket into the main event, Bohdanov was awarded 384 Card Player Player of the Year points. The top three finishers at this event each cleared $25K USD. Norbert Mosonyi won $36,754 for his runner-up finish while Eyal Bensimhon took home $25,958 USD for putting third as of this event.

Chen Wins World Series Of Poker Europe 250K Euro Super Tall Roller

How about $3 million for a week’s work? That is just how Taiwanese poker pro James Chen is feeling after winning the planet group of Poker 250K Euro buy-in no-limit ho Continuar leyendo «Poker News: Bohdanov Wins, James Chen WSOP Europe, Dash Dudley»