July Casino Revenues Drop 4.8 Percent
Atlantic City casino revenues dropped 4.8 percent last month from July 2005, reflecting an unprecedented three-day industry shutdown caused by the state budget impasse.
Related Gambling News:
- July casino revenues drop 4.8 percent with three-day shutdown
- Slots revenues slip again at both casinos
- Casino revenue plummets 14 percent in July
- Big drop for casino revenues
- Colorado casinos take another hit
- AC casino revenues show biggest drop in September
- Mohegan Sun sees slight drop in slots revenues since Mount Airy opened
- Smoking Ban Blamed For Casino Revenue Decrease
- Casino smoking ban singes revenues
- Bet and Win revenues up 294 percent
- Casinos holding their own
- 888.com revenues up 38 percent in Q1
Interesting gambling information:
- 1973: The MGM Grand opens on the Strip, becoming the world's largest hotel.
1989: One of Vegas's most extravag-ant hotels opens. Steve Wynn's Mirage resort features a man-made volcano and over 3,000 rooms. Siegfried and Roy sign a $57 million, five-year contract to provide entertainment at the hotel. - 1951: On September 4, Frank Sinatra makes his Vegas debut, performing in the Crystal Room at the Desert Inn.
1959: Wayne Newton performs in Vegas for the first time, despite the fact that he is still too young to enter a casino. - Dog racing (a race among greyhounds who chase after a mechanical rabbit) operates in 17 states. Jai-alai (a game similar to handball) is legal in just three: Connecticut, Florida, and Rhode Island.
- Video Poker machines were introduced in the 1970s, when an oil embargo had a negative impact on Vegas revenues. The machines were popular enough to spark a recovery in casino business.
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