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Thursday, dec 26
Tag:
Hard Rock
Business
NO
Dice
: Trump Plaza Casino Demolition Delayed
The long-awaited implosion of the Trump Plaza Casino is on hold for another month. Atlantic City officials announced the delay at a Thursday news conference. Named after former President Trump, the 30 year old hotel casino is the Republican's last major business tie to South Jersey. The casino closed in 2014 and fell into disrepair The new demolition date is Feb. 17 at 9 a.m., according to Atlantic City Mayor Marty Small. It was pushed back from a Jan. 29 implosion date. The delay was caused by a large concrete foundation originally unknown to implosion teams, said D…
Sports
NJ Sports Betting Nears $1B Monthly Record
There's a silver lining during the coronavirus for sports bookies and online casino betting who neared a record $1 billion in legal gambling in November, analysts said. Year-over-year growth in New Jersey has been striking for what is now the nation’s largest sports betting market. New Jersey became the first state in history to post a sports betting wagers of more than $900 million, as the Garden State’s online and retail sportsbooks put the first $1 billion month clearly in their sights in November, according to analysts for PlayNJ. “Even if New Jersey can’t quite reach $1 billion …
Business
Atlantic City Casinos Take $200M Nosedive Amid
Covid-
19 Crisis
Coronavirus spelled bad luck for Atlantic City's casinos. Closed by the COVID-19 epidemic on March 16, the Garden State's gambling hub took in about 69 percent less money in April 2020 than last April -- bolstered only by a more than doubling in internet betting proceeds. All totaled, casino revenue fell by nearly $200 million last month from a year ago. The silver lining was that online gambling revenues rose by nearly 120 percent year-to-year, collecting an additional $43 million. According to the state Division of Gaming Enforcement, the city's nine seaside resorts collected about…
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