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Properties in Atlantic City resurrect after removal of migration order following Sandy Cyclone : 05th Nov 2012 : WorldCasinoYellowPages

Properties in Atlantic City resurrect after removal of migration order following Sandy Cyclone

... 05 November 2012

Properties in Atlantic City resurrect after removal of migration order following Sandy Cyclone

A number of casinos in Atlantic City heaved a sigh of relief after coming to know about the proclamation made by Chris Christie, the Governor. He stated on Friday that he is taking back the urgent orders to shut down the casinos on Sunday due to Sandy Cyclone. The pronouncement was made following attainment of guarantee by David Rebuck, the director of Division of Gaming Enforcement. He assured that the necessary examination and evaluation of the services such as casino floors, secret watch, their tools, safety and gaming relevant computer systems; provided by individual casinos had been executed. At the same time, the obligatory migration orders given to the inhabitants of the city have also been taken back. The inhabitants incorporating a number of casino employees are permitted to go back to their native places to review themselves the devastation caused to their dwelling places.

Revel, the latest casino in Atlantic City has restarted on Saturday noon. However, the Atlantic Club Casino will reopen on Monday. The additional 10 casinos opened by 4 pm on Friday. The foremost casino to restart on Friday morning after conclusion of a closure for five days was Golden Nugget. It would have contributed around $25m to $30m to the gaming trade of the city. As per Tom Pohlam, the general manager of Golden Nugget, there was a huge crowd outside the casino when it reopened at 11.30 am and the trade is unexpectedly good enough. However, Steve Callender, the general manager of Tropicana gave a vigilant statement.  He said that they don’t expect crowded casinos after restart. It is because the lives in the City have been totally upset and people are trying to resettle themselves.

In other parts of the district, the two casinos of the Connecticut were doing well in their trade but the interruption of Atlantic City has affected their trade. As per reports, the Mohegan Sun as well as the Foxwoods Resort Casino asserted that their hotels were the busiest this week. No effect was made by the e-mail ad issued by Foxwoods, providing 50% concession on rooms. Even the statement that there was no loss of power supply due to Hurricane Sandy in their hotels didn’t appeal much to the inhabitants of the place who had no electricity in their homes.

As per reports of the state Gaming Control Board in Pennsylvania, there was fall in profit returns from slots due to Sandy Cyclone for the fourth time in the month ever since the launch of the foremost casino in the state six years back. As per representative of GCB, one casino of the state witnessed a two-day shut down and at the same time there was a considerable fall in customer numbers at the casino during blow of Sandy. The mutual slots profit from 11 casinos in the state witnessed a 4.4% fall. The profit was $197.2m in Oct. 2011 from 10 casinos while it came down to $188.4m in current year’s Oct. from 11 casinos. It is noteworthy that if the 11th casino is not taken into account, the fall of profit recorded becomes 6.5%. But there were five highly crowded Saturdays in Oct. 2011 as compared to the conventional four Saturdays in 2012. There is a decline in slots machines from 26,546 in Oct. 2011 to 26,168 in Oct.2012.

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