For the first 10 months of the year, revenues were us$ 2.83 billion

Atlantic City casino gambling revenue falls again

2011-11-14
Reading time 47 seg
(US).- For the 38th consecutive month in October, Atlantic City's casinos brought in less gambling winnings than they did a year earlier. The industry's latest dismal revenues report last week indicates that the long decline amid increased gambling competition in nearby states combined with a sluggish economy isn't over.

The city's 11 casinos saw their winnings in gambling slip to us$ 262 million last month from us$ 284 million in October 2010, a 7.9 % slide. The resort city has not seen its monthly revenues increase over the previous year's since August 2008. It came close to improving in September, when revenues dropped by less than 1 %.

But the steeper slide resumed in October, when only the Borgata and Resorts Casino Hotel had better results than a year earlier. Trump Plaza and the Golden Nugget - which was known as Trump Marina until May - were the biggest losers at 30 and 28 %, respectively.

Across the city, slot machine revenue was down 4 % while table game revenue dropped 17 %. For the first 10 months of the year, revenues were us$ 2.83 billion, down from us$ 3.07 billion through October 2010, a 7.8 % drop.

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