Atlantic City’s casino revenues sees bump
Six casino hotels reported an increase in casino earnings between 2.8% and 63.3% for November 2014. Current operators reported internet gaming earnings of $8.7 million in November. As of November 30, 2014, 506,172 internet gaming accounts have been created, up 5.7% from the 479,073 accounts as of October 31, 2014.
However, the total gaming earnings in the industry (including discontinued operators) was $202.5 million in November 2014, compared to US$ 225.7 million in November 2013, reflecting a 10.3% decrease. For the month, casino earnings (including discontinued operators) was $193.8 million and internet gaming earnings (including discontinued operators) was $8.7 million.
Total gaming taxes were US$ 15.2 million in November 2014 and US$ 190.7 million for the eleven months ending on November 30, 2014. Total gaming taxes reflect 8% of taxable casino gross revenue and 15% of internet gaming gross revenue. In addition, the casino industry incurred US$ 2.6 million in reinvestment obligations with the Casino Reinvestment Development Authority for November, which reflects 1.25% of casino gross revenue and 2.5% of Internet gaming gross revenue.
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