Casino Choice UK News Archive
Record 2005 for Atlantic City
2005 saw Atlantic City casinos take over $5 billion for the first time ever, confirming the continued strength of the gaming industry.
Fears that the Internet gambling boom would damage revenues for real, land based casinos appear to have been misplaced, with both the US’s major gambling cities showing increased profits and increased revenues. If anything it appears the online gambling boom may have contributed to casino profits by fuelling interest in gambling as a whole.
The total figure for Atlantic City in 2005 was $5.02 billion, a 4.4 percent rise on 2004, which included a 7.3 percent rise for December revenues – just tipping the scales enough to break the $5 billion mark.
While still a long way off Las Vegas (with revenues of $19.9 billion for 2005) Atlantic City is doing its best to catch up. Currently the major difference between the two cities is that Las Vegas is viewed as an ‘entertainment destination’ – a place which can offer more than just slot machines and card tables, whereas Atlantic City is dominated by pure gambling.
That is all changing however, with more hotel rooms, shopping centres and restaurants opening up in a bid to attract more than just the hardcore gambler to the city. Whether it works or not, well, we will have to wait till this time next year.
Fears that the Internet gambling boom would damage revenues for real, land based casinos appear to have been misplaced, with both the US’s major gambling cities showing increased profits and increased revenues. If anything it appears the online gambling boom may have contributed to casino profits by fuelling interest in gambling as a whole.
The total figure for Atlantic City in 2005 was $5.02 billion, a 4.4 percent rise on 2004, which included a 7.3 percent rise for December revenues – just tipping the scales enough to break the $5 billion mark.
While still a long way off Las Vegas (with revenues of $19.9 billion for 2005) Atlantic City is doing its best to catch up. Currently the major difference between the two cities is that Las Vegas is viewed as an ‘entertainment destination’ – a place which can offer more than just slot machines and card tables, whereas Atlantic City is dominated by pure gambling.
That is all changing however, with more hotel rooms, shopping centres and restaurants opening up in a bid to attract more than just the hardcore gambler to the city. Whether it works or not, well, we will have to wait till this time next year.
Submitted: 2006/01/11 at 15:33:31
