Revel shows loss in first 3 months in Atlantic City
Photo courtesy Revel Entertainment
ATLANTIC CITY, N.J. (AP) -
Atlantic City's newest casino lost $35 million in its first three months of operation, while the gambling resort's other 11 casinos posted an increase in gross operating profit.
In a report issued Friday by the state Division of Gaming Enforcement, Atlantic City's casinos excluding Revel showed a 12.5% increase in profit from the same period in 2011, from $136 million to $153 million.
However, revenues at the 11 casinos fell about 8% compared to 2011's second quarter, from $855 million to $785 million.
Revel opened in early April. It reported $55 million in net revenue in the second quarter, which placed it eighth among the 12 gambling halls. Borgata Hotel Casino & Spa led with $175 million, down 4% from a year ago.
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Tuesday, May 21 2013 6:06 AM EDT2013-05-21 10:06:47 GMT
Looking for some waterfront property in tony Greenwich? A 50-acre compound known as Copper Beach Farm has hit the market with an asking price of $190 million.
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Monday, May 20 2013 11:17 AM EDT2013-05-20 15:17:26 GMT
Seamless North America and GrubHub say they're combining to create an online food ordering service covering more than 20,000 restaurants in 500 cities across the U.S.
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Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.
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Sunday, May 19 2013 6:53 PM EDT2013-05-19 22:53:31 GMT
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Friday, May 17 2013 8:53 PM EDT2013-05-18 00:53:52 GMT
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Friday, May 17 2013 11:36 AM EDT2013-05-17 15:36:32 GMT
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Friday, May 17 2013 11:04 AM EDT2013-05-17 15:04:49 GMT
(AP Photo/Charles Dharapak)
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Tuesday, May 21 2013 7:33 AM EDT2013-05-21 11:33:20 GMT
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Monday, May 20 2013 10:42 PM EDT2013-05-21 02:42:18 GMT
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Monday, May 20 2013 7:05 PM EDT2013-05-20 23:05:15 GMT
A private country club opened its golf course to the public for a charity tournament to raise money for Superstorm Sandy relief. The Westlake Golf and Country Club in Jackson hosted the event on May 13,
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Photo courtesy Revel Entertainment
