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Macau casino gaming and junket jobs shrink

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Atlantic City casino revenue drops in January

February 14, 2013 8:57 AM by Staff & Wire Reports

Revenue at Atlantic City’s casinos was down more than 13 percent in January compared with the same month a year ago.

It was an inauspicious start to what could be a seventh straight year of falling casino revenues in a market that used to be the nation’s second-largest but has since lost that title to Pennsylvania.

The city’s 12 casinos won $205.6 million from gamblers last month. Table games revenue fell by $5.1 million, to $67.1 million. Slot machine revenue fell by $26.2 million, to $138.5 million.

The slots numbers were affected by an $8.1 million decrease in promotional gambling credits that were wagered, which are a component of slot machine revenue totals.

Atlantic City’s casino revenue has fallen from a high of $5.2 billion in 2006 to just over $3 billion last year.

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Gaming revenue in Macau casinos fell 34.5 percent during July, compared to the same month a year ago. The total for the month was $2.3 million. It was the 14th consecutive month of year-to-year declines.

The Hard Rock Hotel & Casino Sioux City’s revenue in its first 11 months has fallen short of projections, but still outpaced its predecessor. The Hard Rock took in $70 million in gambling revenue in its first 11 months through June 30.

The total number of Macau gaming and junket jobs shrank by about 800 during the second quarter of 2015. It’s another example of the impact resulting from the absence of high rolling gamblers who have been avoiding the Macau casinos.

The Arizona Department of Gaming says contributions to the state from tribal gambling revenue will be about $25.8 million for the quarter that ended on June 30. That’s about 4.5 percent more than the same quarter in 2014.

The Houston Astros look to continue their strong second-half surge when they visit in-state rival Texas. The Astros and Lance McCullers (-129) are favored over Colby Lewis and the Rangers. The total is 9.

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