From Baltimore Business Journal Atlantic City tourism officials should be getting quite an eyeful on Wednesday. That’s the day New Jersey releases its casino revenue figures. And it just might also be the day when Garden State officials get a sense of how big a bite Maryland’s casinos have taken out of the boardwalk. On Friday, the Maryland Lottery and Gaming Control Agency reported that revenue for the state’s four casinos, jumped to $66.5 million in June, up 57 percent from June 2012. New Jersey’s revenue figures for May show that Atlantic City’s 12 casinos had a combined $227.5 million…

Not many people think about the US casino industry on a regular basis. In Frank Fahrenkopf’s D.C. corner office, which is located a block off Pennsylvania Avenue, are the custom desk from London he had crafted 24 years ago, an American flag standing in the corner and a knickknack of herding elephants signifying the job he once held as chairman of the Republican National Committee. The wall of framed photos with political heavyweights from Ronald Reagan and Margaret Thatcher to Barack Obama — reputedly one of the more impressive collections in town accumulated over 30 years — has been taken…

Horse bets in Hong Kong reached a record $12.1 billion in the past season as the race organizers poured wine and hosted concerts to attract younger punters to its events. Revenue in the 2012/13 season rose 9 percent from a year earlier, surpassing the previous record set in the 1996/97 season, Hong Kong Jockey Club said in a statement on its website. The 83 races drew over two million attendees, according to the statement. The racing year was “one of the best seasons we’ve had, ever,” said Winfried Engelbrecht-Bresges, Chief Executive Officer at the Jockey Club. The club’s strategy “helped…

iGaming Business – Global lottery and gaming giant GTECH SpA has announced the signing of a pair of contract extensions with American state lotteries that could see it earn revenues of up to $67m. Previously known as Gruppo Lottomatica SpA, GTECH revealed that it has finalised a three-year agreement to continue providing the Kentucky Lottery with technology and related services through to July of 2021. “The Kentucky Lottery also exercised an option in its existing contract with GTECH allowing for the company to provide equipment and services for keno,” read a statement from GTECH. “Keno is expected to be introduced…

This year is shaping up to be the worst for the Atlantic City casino industry in the last 22 years. Figures released Wednesday by the state Division of Gaming Enforcement show the city’s 12 casinos are on a pace that would see them take in less than $3 billion from gamblers for the first time since 1991. For the first six months of the year, the casinos won $1.38 billion, down 10.7 percent from the same period last year. The casinos’ revenue fell 12.6 percent in June, to $240.2 million, and every one of the casinos posted a monthly revenue…

Caesars shares soared as much as 14% in strong volume Wednesday after it said in a regulatory filing it’s moving ahead with plans to split the company in two. Caesars, the biggest owner of casinos in the U.S., will offer as much as $1.18 billion in stock to fund its emerging online gambling business. The company will distribute rights to shareholders to buy as many as 125.4 million shares of newly formed Caesars Acquisition Co. at $9.43 each. Caesars Entertainment and Caesars Acquisition are forming Caesars Growth Partners, a venture investing firm for online gambling and some casinos. Now, Caesars…