Atlantic City
casinos gambling revenue down 11% in June
The 11 casinos in Atlantic City added yet another month of
declining gambling revenues, after the numbers for June were
published. The New Jersey Casino Control Commission announced
that the Atlantic City casinos cashed in $373.6 million in June
or 11% decline from the $419.8 million the casinos took the same
month last year.
From the 11 casinos in New Jersey, only the
newly opened Harrah's Resort Casino showed a 5.5% increase in
revenue, while the ten remaining casinos all posted gambling
revenue decline, ranging from 0.3% at the Borgata Hotel Casino
to 23% at Trump Marina Casino. Slots winnings fell down 12.2% to
$266.2 million, while revenue from table games declined 8% to
$107.4 million. Increasing fuel prices and food cost, as well as
competition from the neighboring Pennsylvania slots parlors are
being blamed for the gambling revenue decline in Atlantic City.
Some experts also claim that the revenues will fall down further
5% once the smoking ban goes in effect in October.
Published on
07/11/2008
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