Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City Casinos Win Again Thanks to Online Gambling, Atlantic Club Sold

Atlantic City casinos are once again thoroughly enjoying counting their monthly earnings bounty. And as was the situation in previous months, in February it ended up being online gambling that kept the seven remaining land-based venues in the black.

Originally known as the Golden Nugget and famed for its commercials starring owner Steve Wynn (left) and Frank Sinatra, the Atlantic Club is poised for yet another makeover after on the market last week.

Total gaming win for February came in at $205.36 million, a feeble 0.3 percent gain compared to the $204.7 million Atlantic City collected in the same month in 2016. But when the shuttered Trump Taj Mahal’s previous year take is eliminated, the nevertheless in business resorts were up 6.6 percent.

And that’s only because of on line gambling where New Jersey residents provided $18.7 million to casinos, a nearly 27 percent increase that is year-over-year. Table games were down at the brick-and-mortar gambling enterprises, but slot play win was up 1.5 percent.

Borgata again led the way with almost $62 million in casino and internet gaming win. Tropicana came in a distance second with $31.5 million.

AC Adapters

Five gambling enterprises have closed since 2014, but the ‘Gambling Capital of the East Coast’ happens to be in the midst of finding some type of new norm. Gaming profits have stabilized, and there’s a little bit of enthusiasm yet again swirling a Read More

East Windsor Selected as Location for Connecticut’s Controversial Satellite Casino

East Windsor Selected as Location for Connecticut’s Controversial Satellite Casino

East Windsor is chosen as the preferred location for a controversial ‘satellite’ casino project to be built, pending approval, by the Mashantucket and Mohegan tribes near the border with Massachusetts.

A derelict cinema in East Windsor that may one time end up being the site of Connecticut’s controversial satellite casino, but first it must overcome an MGM lawsuit that accuses the project of being unconstitutional.

The city, which had been 1 of 2 shortlisted, accepted the terms of a development agreement with the tribes, understood collectively as MMCT Ventures, on when its Board of Selectmen 4 to 0 in favor of the proposal saturday.

This gave East Windsor a huge advantage over its competitor, nearby Windsor Locks, which needed a town-wide referendum in the problem.

Early authorities in Windsor Locks announced they believed they were still in the running and planned to hold a meeting aimed at accelerating a referendum on Tuesday monday.

Hours later on, the tribes made their decision.

Casino Controversies

The place is critical. Both towns are situated approximately 15 miles from Springfield, Massachusetts, where MGM Resorts is building its $950 million casino resort, scheduled to open in 2018. The joint tribal endeavor has been proposed entirely to blunt the competitive hazard the MGM would pose to Connecticut’s casino sector.

Connecticut has sanctioned the Mohegan therefore the Mashantucket Pequ Read More