New Jersey’s Treasury Department says revenue from the fiscal year that ended June 30 fell below expectations even after they were revised downward.
With word this past week that New Jersey officials have fallen short, again, on projecting state revenues, there is a lot of scrambling to find ways out of the current $800 million hole by the end of June. And many experts are able to say, in effect, we told you so.
A down year with a strong finish. That’s how New Jersey gaming officials describe the profits of the 12 Atlantic City casinos last year.
Pennsylvania casinos have posted their fifth consecutive monthly revenue decline from slot machines.
The secretary of PennDOT says more access points to the Pennsylvania Turnpike may be in the offing as extra revenues start rolling in under the state’s new transportation funding plan.
A high-profile international rugby match takes place this evening at PPL Park.
An aggressive slot refund promotion helped Atlantic City’s newest casino to a banner month in July, but most of the rest of the casinos got off to a cool start as summer heated up.
New Jersey may be “Stronger than the Storm,” as the state’s promotional jingle goes, but towns up and down the stretch of shore that took the biggest whack from Superstorm Sandy nine months ago are seeing declines in beach revenue despite racing to rebuild, the best they could, in time for tourist season.
According to Toll Roads News, the New Jersey Turnpike is the clear leader when it comes to revenues for toll roads in North America.
Atlantic City’s casinos saw their gross operating profits fall by more than 27 percent last year, even as revenue from non-gambling sources inched upwa
The administration has now completed its “due diligence” phase and will begin evaluating the bidders’ business plans. Governor Corbett says privatizing Lottery management is still not a certainty.
New Jersey Assembly members held a hearing this week looking at a potential state tax revenue shortfall, but there’s some debate over the motivation behind the hearing.
Atlantic City casinos continue to lose ground in terms of revenue, despite the addition of the Revel Casino to the boardwalk. That’s according to revenue reports released Monday by the Division of Gaming Enforcement.
After a flood of TV advertising and a two-month preview period aimed more at working out glitches than showing off its full capabilities, Atlantic City’s newest casino resort is fully unpacked — and eager to show it can be a big moneymaker.
Revel CEO Kevin DeSanctis told The Associated Press the $2.4 billion resort began a preview period aimed more at testing out systems than generating revenue.