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.
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.