Hurricane Irene Slams Atlantic City Gambling Revenue Hurricane Irene didn’t do much physical damage to Atlantic City casinos (the second largest gambling market for US casinos behind Las Vegas) but the revenue lost due to closures over one of the busiest gambling weekends had a huge financial impact. Gambling revenues for August for Atlantic City casinos were down nearly 20%, marking the largest monthly decline in Atlantic City’s history. Irene forced all 11 casinos to close for the typically very busy weekend. Revenues were down across the board, with slot machines off 21% and revenue from table games such as [ Read More ]
Today controversial new gambling machines will debut at Kentucky Downs racetrack. The gambling expansion has been praised by some, but criticized by others who think that the games are illegal. Challenges to the legality of the machines is currently in the appellate court. The state of Kentucky only allows pari-mutuel gaming. Slot machines and other types of casino games are banned by law. The new machines at the central Kentucky racetrack are slot-like instant racing games. The machines simulate real races from the past, some reaching back several years. The games do not give any indication of what race it [ Read More ]
Casinos Coming to Massachusetts? House and Senate leaders in the state of Massachusetts plan to try once again to pass legislation to bring Vegas-style casinos to three different parts of the state as well as adding slots at one horse track. A previous attempt to get three casinos and two slots-only locations at horse tracks failed to get the approval of governor Deval Patrick. Patrick’s concern was over too many horse tracks automatically getting licenses to add slot machines, so the current plan of allowing just one license for slot machines is seen as a compromise that could be key [ Read More ]
