There’s a new leader in Atlantic City<\/b>‘s Internet<\/b>-gambling arena. Not PokerStars<\/b> over at Resorts Digital<\/b>. They’re still in last place. No, grabbing 24.5% of market share, Golden Nugget<\/b> now heads the pack. Borgata<\/b> has 22%, Caesars Interactive<\/b> holds 18% and Tropicana Entertainment<\/b> 19%. ‘Net revenues continue to rocket upward, ![\"Caesars](\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2014\/07\/Caesars-AC-300x212.jpg\")
rising 30%, to just short of $17 million. Terrestrial casinos were down 3%, raking in $186 million. Slot play was down 3.5%, leading to a 5% revenue decline. However, table games were up 4%, both in wagering and revenue. Borgata grossed $60.5 million (+5%) and a 6% increase in table game wagering translated into 12% more revenue. All these gains helped Borgata overshoot Deutsche Bank<\/b>‘s projections for the month by $5 million.<\/p>\n
The Caesars Entertainment<\/b> portfolio snapped out of a 16-month funk in terms of market share. Harrah’s Resort<\/b> was incrementally higher, for a $29 million gross, while a 4% gain at Caesars Atlantic City<\/b> spelled $23.5 million in revenue. The prosperity did not extend to Bally’s<\/b>, down 3% for $16.5 million. The adverse performance of Atlantic City as a whole can be blamed on the niggling $800,000 grossed by Trump Taj Mahal<\/b> in its waning days, a 94% plunge into the abyss. Good luck on getting that place rebooted, Carl Icahn<\/b>. If fugitive Taj players were trying other casinos, it wasn’t Resorts Atlantic City<\/b>, down 3.5% on a $14 million gross. However, Golden Nugget was phat, up 11% to $16.5 million, while Icahn’s Tropicana Atlantic City<\/b> was even phatter, up 14% to $25 million. You might say the Taj had to die so the Trop could live.<\/p>\n
* “This gives a new meaning to ‘Holy Rollers,'” said Springfield<\/b> Mayor Domenic J. Sarno<\/b> of MGM Resorts International<\/b>‘s relocation of the First Spiritualist Church<\/b>. The spectacular details of the project are found here<\/a>, including all the details of how the church was picked up in one piece and moved. MGM National Harbor<\/b> has been getting all the headlines of late, but the Springfield project’s creation of a casino megaresort that will integrate smoothly within the downtown area may be the more impressive accomplishment.<\/p>\n * Former Amaya<\/b> CEO David Baazov<\/b> isn’t letting his considerable legal difficulties crimp * Add Rivers Casino<\/b> to the list of Pennsylvania<\/b> gaming houses that, rather than wait for the Legislature, have struck voluntary host-community payment arrangements with their city or county. In this case, the Steel City can count on a one-year, $10 million infusion<\/a> from Rivers. Ironically, the casino was one of the original litigants who helped get the old host-community-fee structure toppled.<\/p>\n","protected":false},"excerpt":{"rendered":" There’s a new leader in Atlantic City‘s Internet-gambling arena. Not PokerStars over at Resorts Digital. They’re still in last place. No, grabbing 24.5% of market share, Golden Nugget now heads the pack. Borgata has 22%, Caesars Interactive holds 18% and … Continue reading ![\"David](\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2016\/03\/David-Baazov-200x300.jpg\")
his style. He’s submitted an all-cash, $2.6 billion buyout<\/a> for the Internet giant, parent of PokerStars. Although Amaya shares jumped 14% on the news, CEO Rafi Ashkenazi<\/b> said there was no certainty that the deal would be consummated. Remember, the company conducted an extended flirtation with William Hill PLC<\/b> that ended last month with no agreement being struck. Amaya investors had additional reason to celebrate the 3Q16 numbers aside from Baazov bid: net revenue was up 9.5% and cash flow 14%.<\/p>\n