Revenue and profits fall at Atlantic City casinos
ATLANTIC CITY, N.J. - Net income at Atlantic City’s 11 casinos fell 54 percent in the first quarter compared to a year ago, the latest evidence that new slots parlors in Pennsylvania and New York are hurting business here.
Related Casino News:
- Revenues Fall at Most Atlantic City Casinos
- Profits Fall Again for Atlantic City Casinos
- Profits Fall for Atlantic City Casinos
- HOW GAMING REVENUE AFFECTS SENIORS AND THE DISABLED
- Atlantic City parking lots bringing in less revenue
- Sportech profits lower despite revenue rise
- Rank Predicts Profits Drop
- Atlantic City Casinos Seeing Increased Profits
- Hedging their bets: New Atlantic City resorts lean away from gambling
- Eight Atlantic City, N.J., casinos post revenue growth
- AC casino profits take another tumble
- Atlantic City casinos likely had biggest decline ever in September
Interesting gambling facts:
- Baccarat is the principal of casino card games in the United Kingdom and Europe. Blackjack is a fixture in all American casinos.
- The term "turned the tables" is actually a chess term coming from the mid 1600's. When a player was losing, they would physically turn the chess table to assume the winning side of the table.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- Poker is derived from the Persian game of "as nar" and was probably based on the dice game "tali", which was played by the Romans.
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