July casino revenues drop 4.8 percent with three-day shutdown
NEWARK, N.J. - Atlantic City casino revenues dropped 4.8 percent last month compared to 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
- 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
Casino gambling information:
- The most popular forms of illegal games are "numbers", which is essentially a lottery, and betting with bookies, typically sports betting.
- Pathological gambling is recognized as a medical disorder by the American Psychiatric Association and has elements of addiction similar to alcohol and drug addiction.
- Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.
- Massachusetts decriminalized bingo in 1931 in an attempt to help churches and charitable organizations raise money. Bingo was legal in 11 states by the 1950s, usually only for charity purposes.
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