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Revenue of Atlantic City casinos down 10.6% in September

Blame for the lower casino revenue is placed on the partial smoking ban and competition from casinos in the neighboring states.

Revenue of Atlantic City casinos down 10.6% in September According to a report by the Casino Control Commission, the gambling revenue of the Atlantic City casinos in September of 2007 was 10.6% less than the same month last year. This September the casinos total gaming revenue amounted to $419.3 million, compared with the $468.8 million taken from gamblers in September of 2006. Slot machines were still the most profitable for the Atlantic City casinos, but showed the biggest revenue decline as well - 12.6%. Revenues from table games showed a decline of 5%. From all 11 casinos in Atlantic City, only the two owned by Harrah's Entertainment Inc., Caesars and Showboat, shoed an increase in gaming revenue of 0.3% and 1.2%.

 Experts blame the partial smoking ban and the increased competition from the new casinos in neighboring states, such as Pennsylvania, where the Atlantic City Convention and Visitors Authority is planning to start a $300,000 campaign to attract more locals to the casinos in AC. The Atlantic City casinos, however, are confident that the new plan to turn the oceanside resort into an entertainment destination rivaling Las Vegas are bound to be profitable by bringing in a more wealthy and leisurely segment of gamblers to New Jersey's casino center.

 Published on 10/10/2007

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