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Joe Weinert Gaming Guru - Page 3Atlantic City Roundup24 November 2003
Borgata Hotel Casino & Spa helped the Atlantic City gaming industry boost revenue but hurt profit s in its three months of operation.
The dozen casinos generated third-quarter revenue of $1.25 billion, up 6.3 percent, and gross operating profit of $362.8 million, down 5.4 percent. Only one casino, ... (read more)
Atlantic City Roundup10 November 2003
ATLANTIC CITY -- Business began returning to normal at Tropicana Casino and Resort in Atlantic City a week after a parking garage under construction collapsed and killed four workers.
Demolition crews painstakingly cut down a wobbly, unsupported 100-foot concrete wall left standing after the collapse, ... (read more)
Atlantic City Roundup3 November 2003
ATLANTIC CITY -- The future of a $245 million expansion at Tropicana Casino and Resort remains in uncertain this week after one end of an under-construction parking garage collapsed and killed four workers and injured 21.
The south end of the top level of a 12-story garage broke Thursday morning as if on a hinge, collapsing the five stories below it. ... (read more)
Atlantic City Round Up28 October 2003
ATLANTIC CITY -- Paul Rubeli made it his business to get involved in other casinos' business in typically passionate remarks made during Aztar Corp.'s third-quarter conference call.
Rubeli, Aztar's chairman and CEO, came to the defense Borgata Hotel Casino & Spa's early performance and criticized a ... (read more)
Atlantic City Roundup14 October 2003
ATLANTIC CITY -- A poor showing in September could be a prelude to a challenging fourth quarter for Atlantic City casinos, a prominent Wall Street gaming analyst reported.
After leading an investor field trip to Atlantic City, Marc Falcone of Deutsche Bank Securities said he expects the industry's ... (read more)
Atlantic City Roundup30 September 2003
ATLANTIC CITY -- Atlantic City casino bosses voted to suspend Donald Trump's gaming company from their trade association, but Trump said, in effect, "You canât suspend me; I've resigned."
The Casino Association of New Jersey said Trump Hotels & Casino Resorts must pay a $135,000 bill before it can resign. ... (read more)
Atlantic City Roundup22 September 2003
Atlantic City casino executives were breathing easier after viewing the August gaming-revenue report, which showed that the $1.1 billion Borgata Hotel Casino & Spa expanded the market in its second month of operation.
Borgata finished second on the revenue chart and propelled the ... (read more)
Atlantic City Roundup9 September 2003
More than 300 workers at Donald Trump's casino company are unemployed this week after another round of cost-cutting in the wake of rough financial results.
Those laid off were full-time, year-round employees mostly at supervisory and middle-management levels at Trump Taj Mahal, Trump Plaza ... (read more)
Atlantic City Roundup25 August 2003
ATLANTIC CITY -- Atlantic City casinos boosted their second-quarter cash flow by 4.3 percent despite challenging conditions.
The 11 casinos operating during the period reported gross operating profit, or cash flow, of $329 million on net revenue of $1.1 billion, up 1.2 percent, according to the New ... (read more)
Atlantic City Roundup18 August 2003
The highly anticipated July revenue results out of Atlantic City indicated that the new Borgata Hotel Casino & Spa mostly cannibalized other casinos rather than expand the market in its first month of operation.
The Atlantic City casino industry reported gross gaming revenue of $436.1 million, up ... (read more)
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