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    Update: Atlantic City's Revel casino is site, and subject, of conference on gaming

    22.05.12

    The new Revel casino in Atlantic City played host to the East Coast Gaming Congress on Thursday. But the $2.4 billion complex was also the focus of much discussion at the annual convention for casino executives and the leaders of companies that do business with them.

    A panel of Wall Street analysts, for instance, agreed that the key to success for Revel — Atlantic City’s first completely smoke-free casino — will be the profitability of its non-gaming attractions, such as entertainment and dining. Revel’s effort to market its 1,900-room property to consumers who rarely or never gamble mirrors a $20 million marketing campaign by the city’s casinos that features young, attractive people frolicking — but with no gambling seen in the commercials.


    Source: NorthJersey.com

    Nevada Gambling Revenues Fall 11 Percent in March

    22.05.12

    NEW YORK, NY, May 17, 2012 (MARKETWIRE via COMTEX) -- Despite strong gambling growths in Macau, the only part of China where gambling in casinos is legal, casino stocks have fallen sharply recently. The Market Vectors Gaming ETF (BJK) has fallen over 8 percent in the last week. Recent numbers from the Nevada Gaming Control Board show gaming revenues for the state dropped in March. Five Star Equities examines the outlook for companies in the Resorts & Casinos Industry and provides equity research on Wynn Resorts, Limited .


    Source: MarketWatch (press release)

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