Atlantic City casinos show improvement in February

Atlantic City casinos show improvement in February The 11 casinos in Atlantic City had an increase of the monthly revenue to show on the accounting sheets for the month of February. The monthly revenue in February increased by 1.5% compared to the same month last year, an increase largely credited to the leap year, giving the casinos an extra day of gambling. Regardless, the report of increased monthly revenue was welcome, effectively ending the 10-month losing streak the 11 casinos in Atlantic City have had so far.

The casinos took in the total of $384.1 million in February, with slots revenues up by a mere 0.1% to $264.6 million, while revenue from table games was up 4.9% at $119.5 million. For the first two months of the year, the casinos' total revenue was $739.1 million, down 4.4 percent from the first two months of 2007. Trump Plaza Hotel and Casino was the biggest winner in February with revenues increase of 13.8%, followed by Harrah's Atlantic City up 6% and the Showboat Casino Hotel with 5.8% revenue increase in February. The biggest monthly loser was Resorts Atlantic City with a decline of 7.8%.

Published on 03/11/2008