2024.07.12
brian christopher slots face maskThey were occupied at a rate of 88.2 percent last year.Booking Las VegasThe Las Vegas Convention and Visitors Authority (LVCVA) released its 2018 Visitor Profile last week, and in it revealed some surprising statistics. Higher gaming wins in Atlantic City aren’t resulting in better profit margins for casino operators. The Las Vegas Review-Journal first reported the findings. santa ana casino login(Image: Craig Matthews/Press of Atlantic City)The New Jersey Division of Gaming Enforcement (DGE) reveals gross gaming revenue (GGR) in March totaled 3.96 million, a 34.5 percent surge compared to the same month in 2018. Higher gaming wins in Atlantic City aren’t resulting in better profit margins for casino operators. Twenty-one percent went directly through the casino resort’s website, while 41 percent used a third-party site.Just 15 percent used a telephone to make their Las Vegas reservations.Ted Newkirk, the founder of Access Vegas – a website featuring tourism information for visitors – told the RJ that Airbnb is an alternative for those who have become disgruntled with higher resort fees, the elimination of free parking, and other added costs.“Airbnb is a winner for the drive-in customer who is tired of nickel-and-diming. luckyland slots mod mohegan sun casino taodoes kansas star casino have a hotel“Even without considering revenue from the two new properties, gaming revenue is up for the month by over 5 percent and year-to-date by more than three percent.”“This is a complete turnaround from last year, when March was down 1.5 percent and the quarter was down 5.9 percent,” he concluded.Borgata remains the top dog in Atlantic City, as the Marina District casino reported GGR of .7 million last month. with the company’s plans to create and enhance shareholder value over the long term” but that they were “open to reasonable alternatives to enhance long-term shareholder value.”It seems Fertitta is still in the mix, though, and was recently afforded access to privileged financial information by Caesars, as was another interested party, Eldorado Resorts.The casino industry is currently ripe for consolidation and has become fertile ground for hedge-fund investors who expect that a coming period of M&A activity will drive up share prices.They were occupied at a rate of 88.2 percent last year.Booking Las VegasThe Las Vegas Convention and Visitors Authority (LVCVA) released its 2018 Visitor Profile last week, and in it revealed some surprising statistics. bellagio casino 1Atlantic City is home to two additional casinos this year, and sports betting is operational at the venues, as well as two horse racetracks.Land-based GGR from slots and table games in Atlantic City was 3.16 million, a 15.7 percent year-over-year premium.March numbers clearly indicate strength in the gaming market,” Lloyd D. Levenson Instchinook winds casino deliitute of Gaming, Hospitality & Tourism Executive Director Rummy Pandit stated. Twenty-one percent went directly through the casino resort’s website, while 41 percent used a third-party site.Just 15 percent used a telephone to make their Las Vegas reservations.Ted Newkirk, the founder of Access Vegas – a website featuring tourism information for visitors – told the RJ that Airbnb is an alternative for those who have become disgruntled with higher resort fees, the elimination of free parking, and other added costs.“Airbnb is a winner for the drive-in customer who is tired of nickel-and-diming. clearwater casino fireworks 2020 wild horse pab casino roomsraging bull casino online slotsHigher gaming wins in Atlantic City aren’t resulting in better profit margins for casino operators. They were occupied at a rate of 88.2 percent last year.Booking Las VegasThe Las Vegas Convention and Visitors Authority (LVCVA) released its 2018 Visitor Profile last week, and in it revealed some surprising statistics. (Image: Airbnb)In a study conducted by Telsey Group Advisory – a research firm headquartered in New York City – casino resorts missed out on 0 million due to Sin City travelers booking through the online booking service.Over the past few years, Airbnb has seen explosive growth in Las Vegas and the recent Google search trends suggest this will only continue in the near-term,” Telsey analyst Brian McGill said in a recent note. (Image: Airbnb)In a study conducted by Telsey Group Advisory – a research firm headquartered in New York City – casino resorts missed out on 0 million due to Sin City travelers booking through the online booking service.Over the past few years, Airbnb has seen explosive growth in Las Vegas and the recent Google search trends suggest this will only continue in the near-term,” Telsey analyst Brian McGill said in a recent note. Atlantic City casinos are winning more money than they have in previous years, but the resorts are continuing to see their gross operating profits decline. Higher gaming wins in Atlantic City aren’t resulting in better profit margins for casino operators. is coushatta casino pool open morongo casino yelp |