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Hard Rock investors say Atlantic City Trump Taj Mahal facade demolition to start next week
Posted in: In The News on Tuesday, July 11, 2017

The outside demolition of the façade at the closed Trump Taj Mahal is expected to start next week, said Joseph Jingoli, one of the investors in the Hard Rock Hotel and Casino Atlantic City project. Jingoli made the statement during the Casino Reinvestment’s public hearing Tuesday morning on Hard Rock’s application for an Entertainment Retail District Designation around the project. The public hearing last approximately eight minutes and had three people testify in favor of project. “The project will generate more than a 1,000 union construction jobs,” Jingoli said during the hearing. “We expect to open during the summer of 2018.” The Entertainment Retail District, established by law in 2001, is a tax-incentive program to encourage the construction of new entertainment and retail venues in Atlantic City. The purpose is to further entice visitors to the City, as well as create new jobs and tax revenue for the State and local government.

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Beachfest Set To Return To Shores Of Atlantic City
Posted in: In The News on Tuesday, July 11, 2017

Workers are putting the finishing touches on the outdoor stage where P!NK will perform Wednesday, kicking off the Atlantic City’s annual Beachfest Concerts. It’s taken about ten days for a small army of hard hats to erect the stage and set up barricades for a crowd that could swell to 50,000. After taking a 3 year break from touring, P!NK is slowly getting back into it. Live Nations Geoffrey Gordon says A.C. will be her only east coast appearance of 2017. “We have a great relationship with her and her management,” he said. “We did the world tour last time. So she wanted to a couple of special events. She did Milwaukee Summerfest and this is another one that’s very special.” Ticket prices range from $49.50 to $129.50. The stage is located between Michigan and Arkansas Avenues. She is expected to go on at around 8:30 p.m. Wednesday.

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Atlantic City Casinos Show Another Increase in Revenue
Posted in: In The News on Thursday, June 15, 2017

Monthly revenue for Atlantic City's casinos is on the rise once again. The New Jersey Division of Gaming Enforcement announced on Wednesday, June 14th, that casinos saw an increase of 4.3 percent in revenue, racking in more than $229 million. And if the Trump Taj Mahal is removed from the equation, the seven surviving casinos posted a 12-percent increase last month. Figures also show the continued steady rise in internet gambling revenue with an increase by more than 27 percent in May. Bally's Resort was the only casino to see a small decrease. Overall, in the first five months of the year, Atlantic City has already had a 3.9-percent increase compared to the same period last year.

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Atlantic City casinos post gains in May boosted by online revenue
Posted in: In The News on Thursday, June 15, 2017

New Jersey's internet gambling market provided another boost to casino revenues in May as the industry posted overall gambling winnings higher than the previous year. Online gambling raked in $21.1 million in May, falling just short of its best month ever in March with $21.7 million. Online gambling revenues in April were $16.5 million. Figures released Wednesday by the state Division of Gaming Enforcement show the casinos won $208.3 million in May. Though a $13.5 million drop from figures in March, it reflects a more than 2.5 percent increase from May last year. Casinos won a total of $229.4 million from gamblers -- a 4.3-percent increase from May 2016. For the year so far, Atlantic City's casinos have raked in a total of $971.8 million, reflecting a $17.5 million increase since the prior year.

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Atlantic City casino revenue up 4.3 percent in May
Posted in: In The News on Wednesday, June 14, 2017

Summertime's nearly here, and the living is getting easier for Atlantic City's casino operators with the busiest and most profitable time of the year arriving as the industry is on a roll. Atlantic City's casinos saw their gambling revenue increase by 4.3 percent in May compared with a year ago, to more than $229 million. And if the shuttered Trump Taj Mahal were removed from the equation, the seven surviving casinos would have posted a 12-percent increase last month. Figures released Wednesday by the New Jersey Division of Gaming Enforcement also show the continued steady rise of internet gambling revenue in the largest online market in the country.

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Casino revenue increases by 2.5 percent
Posted in: In The News on Wednesday, June 14, 2017

The resort's May casino revenues increased by 2.5 percent, according to state gaming figures released Wednesday. Casino industry revenue totaled $208.3 million last month, compared with $203.3 million in May 2016. Internet gaming grew by 27.3 percent. Its revenues totaled about $21.1 million in May compared with $16.5 million a year ago. "With a solid performance to date and now on the cusp of the busy summer season, the Atlantic City casino industry seems well positioned to capitalize on these positive trends," said Dave Rebuck, director of state Division of Gaming Enforcement.

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