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Joe Weinert Gaming Guru - Page 6Atlantic City Round-Up25 February 2003
The chairman of Harrah's Entertainment wrote New Jersey Gov. James McGreevey to calm the waters churned up by their respective spokesmen.
Phil Satre acknowledged in his Feb. 12 letter that McGreevey did not ask Harrah's to manage possible video lottery terminal operations at Meadowlands Racetrack when the two talked by telephone five days earlier. ... (read more)
Atlantic City Round-Up17 February 2003
ATLANTIC CITY -- If the State of New Jersey wants to place slot machines at racetracks, it must
first ask voters to change the constitution.
That's the opinion of retired New Jersey Supreme Court Justice Robert Clifford,
who researched the matter for Atlantic City casino operators. The casinos are
fighting even the idea, proposed by Gov. ... (read more)
Atlantic City Round-Up11 February 2003
ATLANTIC CITY -- There is growing speculation in New Jersey that Gov.Jim McGreevey proposed new and higher casino taxes as a bargaining chip to get slot machines at racetracks in the northern part of the state.
Not that that makes Atlantic City casino bosses breathe any easier.
"I think they floated this tax thing because they wanted slot machines at racetracks. ... (read more)
Atlantic City Round-Up4 February 2003
Donald Trump's casino company boosted its revenues and boosted its cash flow but still came up with another quarterly loss at the bottom line.
Trump Hotels & Casino Resorts reported a net loss of $17.3 million, or 78 cents per share, due primarily to the writeoff of $14.6 million in unused Casino Reinvestment Development Authority credits. ... (read more)
Atlantic City Round-Up21 January 2003
The administration of New Jersey Gov. Jim McGreevey has abandoned attempts to bolster the state budget by adding video lottery terminals to state racetracks, officials said.
McGreevey, facing a $5 billion revenue shortfall, was exploring a way to install the slot-like gambling machines without ... (read more)
Atlantic City Round-Up14 January 2003
ATLANTIC CITY -- The chief operating officer of Donald Trump's casino company will soon stop overseeing daily operations of the flagship Trump Taj Mahal to concentrate on his corporate duties.
Since becoming chief operating officer 2.5 years ago, Mark Brown has also been the Taj's chief operating ... (read more)
Atlantic City Round-Up6 January 2003
ATLANTIC CITY -- In what analysts expect to be a harbinger for gaming markets across the country this month, Atlantic City casinos reported a 9.7 percent decline in December gambling revenue.
The city's dozen casinos won $314.2 million from gamblers last month, or $33.6 million less than during the same period a year earlier, according to preliminary results. ... (read more)
Atlantic City Roundup26 December 2002
ATLANTIC CITY -- A one-time Atlantic City casino executive has long-shot plans to build a small,
independent casino in the city where she last worked 16 years ago.
Sandra Manno said sheís heading an investment group thatís trying to buy a 6-
acre Boardwalk block so they can build Havana Casino Resort. ... (read more)
Atlantic City News Round Up.9 December 2002
ATLANTIC CITY -- Atlantic City casinos stretched their revenue-growth streak to 13 months in
November, fighting through a weak economy and current-events uncertainty to
post a 2.9 percent gain in winnings from gamblers.
The dozen casinos won $351.9 million last month, a gain of $10 million over the
same month a year earlier, according to preliminary results. ... (read more)
Atlantic City Roundup16 September 2002
ATLANTIC CITY -- Atlantic City casinos held moments of silence, handed out flag pins, played patriotic songs -- and welcomed a surprisingly good number of gamblers on the one-year anniversary of the Sept. 11 terrorist attacks.
"The volumes are off from a typical Wednesday but better than we ... (read more)
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