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Atlantic
City Slot Machine Numbers at Record High
In
what has been an unprecedented year for
Atlantic City, they have seen a major
landmark close and slot machines bring
in more revenue than expected. The Sands
Casino may have closed their doors for
good after years upon years of business,
but slot machines brought in 73% of what
looks to be a $5 billion year.
Slot
machine revenues are up 2.6% from last
year, and with revenues already at $4.8
billion, it is expected that they will
reach and surpass the $5 billion mark by
the end of the year.
"The
Atlantic City market is very healthy
right now, and the operators have been
aggressively pumping up their non-gaming
(i.e. table games as opposed to the slot
machines) products to differentiate
themselves from the [slot machine]
gaming, especially in Pennsylvania,
Delaware and New York," said Joe Weinert,
vice president of Spectrum Gaming Group
L.L.C., a gambling consultant firm.
"They recognize that slot machine
gambling is nothing special in this part
of the country, so they are seeking to
provide experiences that are special,
like table games, nightclubs, unique and
high-end shopping, signature
restaurants, and entertainment."
It
has been tough for Atlantic City to hold
on to their slot machine revenues with
NY and PA bringing in slot machines
themselves. Therefore they have to make
themselves stand out for more than just
slot machines. They offer table games in
addition to the slot machines, which is
something they do not offer. There is
also concern as to the pending smoking
ban that could be passed – which would
make it illegal to smoke at the slot
machines, or anywhere else in the casino
for that matter.
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