Online Casino Transfer: News - NJ 2009 Numbers In

01/29/2010		Online Casino Style: News NJ 2009 Numbers In
Home History Games News Dictionary		Though more than a few internet gambling companies have managed to come out in better spirits than expected by the end of the 2009 year, gambling in the state of New Jersey continues to struggle. According to the most recent report out of the NJ Casino Control Commission, gaming revenues in Atlantic City were down 13.2 percent by the end of year, compared with the numbers from 2008. In spite of the unfortunate totals, land casinos somehow managed to make $3.9 billion in profits. Two of the principal areas of concern for the Commission were those of table games and slots, both down more than 13 percent from the previous year. The cause is being blamed by many as the continued growth and availability of the internet casinos, pulling money away from the live venues in the gambling city. The report listed taxes paid to the state by licensees at $295.3 million, an eight percent levy rate applicable to all taxable gross revenue. New Jersey also requires that another 1.25 percent be reinvested in projects approved by the Casino Reinvestment Development Authority, pulling another $49.3 million out of the pockets and back into the community. The drop in numbers hasn’t yet killed the gambling authorities’ hope in the region, as the Commission’s chairperson, Linda Kassekert, implied in this week’s statement. “Atlantic City has a lot to offer visitors in addition to gambling,” Kassekert said. “When the economy improves and people have more money to spend on entertainment, Atlantic City will draw more and more people interested in visiting our shops, enjoying a concert, dining in our fine restaurants, and relaxing on our beach.”

01/29/2010

Online Casino Style: News
NJ 2009 Numbers In

Though more than a few internet gambling companies have managed to come out in better spirits than expected by the end of the 2009 year, gambling in the state of New Jersey continues to struggle. According to the most recent report out of the NJ Casino Control Commission, gaming revenues in Atlantic City were down 13.2 percent by the end of year, compared with the numbers from 2008. In spite of the unfortunate totals, land casinos somehow managed to make $3.9 billion in profits.

Two of the principal areas of concern for the Commission were those of table games and slots, both down more than 13 percent from the previous year. The cause is being blamed by many as the continued growth and availability of the internet casinos, pulling money away from the live venues in the gambling city.

The report listed taxes paid to the state by licensees at $295.3 million, an eight percent levy rate applicable to all taxable gross revenue. New Jersey also requires that another 1.25 percent be reinvested in projects approved by the Casino Reinvestment Development Authority, pulling another $49.3 million out of the pockets and back into the community. The drop in numbers hasn’t yet killed the gambling authorities’ hope in the region, as the Commission’s chairperson, Linda Kassekert, implied in this week’s statement.

“Atlantic City has a lot to offer visitors in addition to gambling,” Kassekert said. “When the economy improves and people have more money to spend on entertainment, Atlantic City will draw more and more people interested in visiting our shops, enjoying a concert, dining in our fine restaurants, and relaxing on our beach.”