Revenue from casinos in numerous U.S. states plunged in March as the coronavirus forced the shutdown of in-person gambling across the country in the middle of the month. New Jersey’s casino and sports betting revenue fell to $163 million in March, down over 44% from a year ago, according to figures released Wednesday.
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A Superior Court judge ordered IEP AC Plaza LLC, a subsidiary of billionaire hedge fund manager Carl Icahn’s real estate empire, to present a demolition plan within 45 days during a hearing Thursday.
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The gambling mecca on the Jersey Shore is now virtually a wasteland that is costing the state $540 million in casino-related revenues every month while they remain locked down amid the deadly pandemic, according to the American Gaming Association
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Table tennis, aka ping pong, and other sports were recently approved by the Division of Gaming Enforcement and has since become a regular in the lineup at a couple of New Jersey online sports betting platforms.
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Jim Whelan Boardwalk Hall will be the site of the NBA playoffs if Atlantic City Mayor Marty Small Sr. has his way. Small confirmed a Tuesday New York Post report that the city is attempting to lure the league to play at the beachfront arena once the new coronavirus pandemic is over.
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More than $700,000 a day in casino-related taxes and fees has been lost since Gov. Phil Murphy ordered them closed indefinitely March 16 due to concerns over the spread of the new coronavirus.
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The COVID-19 global pandemic is keeping people indoors, especially in the Tri-State area where a “shelter in place” mandate has people staying in their homes for the foreseeable future. This has led to an explosion of action in the online poker scene as players in New Jersey.
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The figure encompasses all direct and indirect economic activity associated with the casino industry, including gaming revenue, food and beverage and hotel, but also the impact on suppliers, vendors and workers.
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One of Atlantic City’s most iconic symbols of the ruined Trump casino empire, Trump Plaza, has been shedding chunks of its tower, endangering passersby on the Boardwalk, and must be demolished, city officials said Thursday
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It wasn’t all that long ago when the NFL considered any mention of sports betting to be forbidden. Now, the words are mentioned multiple times in the latest Collective Bargaining Agreement that the NFL Players Association approved over the weeken
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Gaming revenue for the resort’s nine casino properties increased more than 18% in February, continuing a monthly hot streak that is quickly approaching two years. But analysts are keenly aware the industry may be affected by COVID-19 and are looking to online betting to serve as a buffer.
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Esports is huge and getting bigger. Data analytics firm Newzoo says esports global revenue surpassed $1 billion in 2019, and viewership is expected to hit 646 million people by 2023, a 9% compound annual growth rate, according to Business Insider
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