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Atlantic City Casinos Post Revenue Gains, Thanks to Internet Gambling
Posted in: In The News on Wednesday, July 12, 2017

Internet gambling has helped to give Atlantic City casinos a boost in revenue last month. In June, an increase of more than 23 percent in online winnings gave the city's seven casinos a total monthly increase of 1.8 percent compared to this time last year. The Golden Nugget had the highest percentage increase of nearly 23 percent, bringing in more than $23 million. Caesars was the only casino in the city to report a decrease in June — of 1.9 percent.

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Pink concert crowds estimated at 40,000 in Atlantic City
Posted in: In The News on Wednesday, July 12, 2017

Live Nation estimated 40,000 and 50,000 fans would attend the beachconcert to see Pink perform in Atlantic City. That number seemed right on the mark. Just going by the eye test alone, the concert looked much larger than that of the previous year's attendance with Zach Brown Band (20,000) and Jimmy Buffett (25,000). The event kicked off the 2017 Atlantic City BeachFest Concert Series on Wednesday night.

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Atlantic City gears up for Pink, Brantley Gilbert summer beach concerts
Posted in: In The News on Wednesday, July 12, 2017

There were construction workers moving all around Atlantic City's beach on Tuesday afternoon, just a day before three-time Grammy award winner Pink takes the stage to kick off the first Atlantic City BeachFest concert of the season. A total of 250 workers have been constructing the stage, which was finally set up alongside The Playground shops by Tuesday afternoon. Concert doors open tomorrow at 5 p.m., with local DJ Dee Jay performing a set at 6p.m., opening act Dreamcar following around 7p.m. and Pink taking the stage around 8:25p.m., according to Live Nation. On the boardwalk side of the beach, tents were constructed and mini stages built for bar patrons and potential vendors as the city geared up for the start of the Atlantic City BeachFest Concert Series in two days. The shows are part of a three-year, $6 million agreement with the CRDA that requires Live Nation to bring at least six beach concerts or events that attract 30,000 attendees or more to Atlantic City during this summer and next summer.

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Internet Gambling Boosts Atlantic City Revenue in June
Posted in: In The News on Wednesday, July 12, 2017

A nice boost from internet gambling helped push Atlantic City's casino revenue into the black in June. The city's seven casinos took in almost exactly as much inside their physical structures ($197 million) as they did a year ago. But an increase of more than 23 percent in online winnings gave the city a total monthly increase of 1.8 percent compared to a year ago. Caesars was the only casino to report a revenue decrease in June, down 1.9 percent to $24.6 million. The biggest percentage increase was posted by the Golden Nugget, up nearly 23 percent to $23.5 million. Among internet gambling providers, Golden Nugget widened its lead over four competitors in June, soaring to $5.5 million. That bested the Borgata, which was second at $3.8 million.

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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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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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