The track’s operator announced Thursday that total handle rose to nearly $227 million in 2013, up $55 million from 2012. The uptick was fueled largely by off-track wagering on its races, as live betting was virtually flat at $24.6 million, but the track officials also noted that the year featured two fewer racing days because ...
Read More »
Food & Hospitality
PokerStars chides against Atlantic Club closing, may look to markets outside N.J.
The casino, which will be first to shutter in Atlantic City in seven years, has entered into asset purchase agreements with two rival operators, Tropicana Entertainment and Caesars Entertainment, worth a combined $23.4 million, according to the Associated Press. “It’s always sad when hard-working people lose their jobs, especially during the holiday season,” PokerStars head ...
Read More »More than 100,000 accounts created for N.J. online gaming
State Division of Gaming Enforcement spokesperson Lisa Spengler says that as of Sunday, the official tally for created accounts is 109,946. DGE director David Rebuck said that since online gaming commenced with a five-day trial period on Nov. 21, he has seen a “steady and continual increase in site traffic,” which he attributed to the ...
Read More »
Reports say Hard Rock is interested in buying Revel
According to the NY Post, Revel is in negotiations to sell the property to Hard Rock International, which has eight casinos and has looked in to adding a spot in Atlantic City for some time. According to the Post – quoting unnamed sources – Hard Rock will do a massive renovation of the property, helping ...
Read More »Digiplex completes acquisition of 8-screen Pa. theater
According to the announcement, the 8-plex is located at 4950 Carlisle Pike in Mechanicsburg, Pa. The company announced in October its agreement with Flagship Cinemas to purchase the Mechanicsburg theater as well as a seven-screen location in Maryland. Stay informed: Subscribe to free NJBIZ newsletters Follow @NJBIZ
Read More »Tickets on sale for Super Bowl media day at Prudential Center
The cost to watch other people talk to the players and coaches? $28.50.A ticket will give a limited number of spectators from the public a chance to be around thousands of media members and NFL personnel on Jan. 28, the NFL and the Prudential Center announced. Tickets went on sale through Ticketmaster.com.Media day, which opens ...
Read More »Digital Cinema agrees to acquire 10 screens in Pennsylvania
According to the announcement, Digiplex is acquiring the South Pike Cinema 10, which is currently completing its digital conversion utilizing Christie projection systems, from Cheswick Theaters Inc. Additional terms of the all-cash purchase, which is expected to be completed during the first quarter of 2014, were not disclosed. Digiplex also plans to convert three or ...
Read More »
Prudential Center gets a Top 10 worldwide ranking
The list by Venues Today, which will appear in its December issue, ranked facilities based on gross revenue between Oct. 15, 2012, and Oct. 15, 2013, from concerts and other events beyond their regular tenants. The figures are compiled by the magazine and were not immediately available, nor were the other venues that made the ...
Read More »
Atlantic City gaming revenue up in November without Sandy shutdown
The 12 resorts took in nearly $225 million from gamblers last month, up from $176.6 million in November 2012, the Division of Gaming Enforcement reported. This year’s total includes $60.3 million from table games and $164.4 million from slots.All but one gaming hall, Trump Plaza, recorded increases in casino winnings, the DGE said. Revel recorded ...
Read More »
Sucker bet – or safe bet for the industry Bill to allow for wagering on previously recorded horse races advanced by Senate panel
But proponents of the legislation advanced by the Senate State Government, Wagering, Tourism and Historic Preservation Committee Monday afternoon called it something else: A way to help (or even save) the industry in the state without a penny of government assistance. The bill, which received unanimous support from the Senate panel, would authorize wagering on ...
Read More »Digiplex promotes new EVP
According to the announcement, Goldwater has been a member of Digiplex’s board of directors since early 2012 and was appointed senior vice president of the company in January 2013. Goldwater is a seasoned cinema industry veteran with more than three decades of senior executive experience, including seven years at Cinedigm as president of its Media ...
Read More »Lesniak updates bill International companies must set up in N.J. to have access to online gaming
Any company wanting to offer international internet gaming in New Jersey can still do so under the bill, but they just now have to set up shop in Atlantic City. “New Jersey has a lot to offer,” Lesniak said in a release Thursday. “We have the stability and security of a regulated marketplace, we have ...
Read More »