AC casinos see
increase in gambling revenue in May
The
Atlantic City casinos have finally caught a break, reporting
1.6% combined gambling revenue increase in May, compared to the
same month last year. The 11 casinos in Atlantic City saw
gamblers losing total of $415.3 million or 1.6% more than they
did last May, according to the numbers released by the state
Casino Control Commission. Leaders among the casino games were
once again the slots with $289.6 million in revenues, while the
table games brought in $125.7 million. Statistically, however,
the slots revenue of the Atlantic City casinos declined by 1.5%
and the table games were up 9.5%. Leader among the 11 casinos
was the Trump Taj Mahal Casino Resort, where revenue was up
11.4% compared to last May, up to $44.7 million. The loser this
month was Caesars Atlantic City with 4.7% decline in revenues to
$46.3 million. The revenue at Bally's Atlantic City was also
down 3.3% and and the Showboat Casino Hotel was down 1.9%.
The lucky break the casinos in New
Jersey are catching is explained by some with the extra weekend
this May - extra Friday and Saturday fell on this year's
calendar, typically the busiest days of the week for the
casinos. But any bit would help the U.S. second largest gambling
destination - this was only the third month out of 17 when the
AC casinos showed combined increased revenues. Bad economy and
loss of business to neighboring states due to smoking ban are
the main factors blamed for the overall decline of the Atlantic
City casinos. The Pa smoking ban passed by State Senate
yesterday could slightly improve the position of the Atlantic
City casinos once it goes in effect.
Published on
06/11/2008
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