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Casino executives not sold on lottery bill wording - WLOX.com - The News for South Mississippi

Other casino patrons said they think it's only a good thing and won't necessarily even effect Louisiana lottery success. "I don't think it would really hurt other states because I travel, and I pick up lottery tickets wherever I go. So, I like to stop at other places and get tickets," said Robert Schomaker from Louisiana. But if you ask those in the gaming industry, like the Silver Slipper's General Manager John Ferrucci, he'll tell you that the wording isn't conducive to working with casinos. He says the bill leaves possibilities open that could hurt gaming facilities.

For the original version including any supplementary images or video, visit http://www.wlox.com/story/38957354/casino-executives-not-sold-on-lottery-bill-wording

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Atlantic City casinos see revenue soar in July

Bruce Deifik, owner and chairman of Ocean Resort, said he “couldn’t be more pleased” with the reported figures because unlike the property’s former occupant, Revel Casino Hotel, his new venture is EBITDA- (earnings before interest, taxes, depreciation and amortization) and cash flow-positive. “We have one direction that we’re heading, and that’s up,” Deifik said Tuesday. Borgata Hotel Casino & Spa remained the Atlantic City market leader in July, reporting gaming revenue of $76.6 million. Tropicana Atlantic City is still the market’s second-highest grossing property, reporting revenue of $37 million. Harrah’s Resort Atlantic City’s $31.4 million was the fourth highest. The seven casinos, excluding Golden Nugget, that were operational before Hard Rock and Ocean Resort opened saw decreases in total gaming revenue last month compared to July 2017. Rummy Pandit, executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University, said revenue decreases in the existing properties were to be expected. But the nearly 12 percent growth across the entire market was encouraging for the future, he said.

For the original version including any supplementary images or video, visit https://www.pressofatlanticcity.com/news/press/casinos_tourism/atlantic-city-casinos-see-revenue-soar-in-july/article_79370e15-22db-5d9f-a4ad-5f0fc81079d4.html

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