Gaming execs are busy this week hosting Chinese New Year crowds and chatting it up at the ICE online gaming conference in London. But that doesn't mean there isn't time for some gaming business news. Pennsylvania Gaming Control announced huge annual returns for 2011, and with Atlantic City revenue slipping for a fifth year in a row, the country's second and third largest gaming markets could switch places this year. And if the State of the Union didn't satisfy your appetite for tax bickering, you're in luck! Nevada upheld a ruling that casinos must pay full sales tax on comped meals, and...
The section in bold: "Pennsylvania Threatening to Overtake AC as Dominant East Coast Gaming Market" is factually incorrect. Pennsylvania is a gambling jurisdiction - not a gambling market; it consists of five distinct gaming markets, none of which are, or will be, larger than Atlantic City anytime in the foreseeable future. The two Pennsylvania markets that have affected AC are in the Philadelphia and Pocono areas. The Harrisburg, Pittsburgh and Erie casino markets round out the 5 Pennsylvania casino markets.
Read more: http://www.pokernews.com/news/2012/01/inside-gaming-pennsylvania-gaming-booming-at-new-jersey-s-ex-11876.htm"
01-26-2012 09:38
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