Atlantic City casinos see a drop in revenue for
The partial smoking ban at the Atlantic City
casinos did prove bad for the business after all.
The casinos in A.C. are showing signs that
2007 could be the worst in gambling revenue decline in the
city's history. The combined gambling revenue of the AC casinos
showed a 9.9% drop in revenues for April 2007 compared to the
same month last year. Still the casinos managed to win $396.8
The three Trump casinos, Bally's and Tropicana
reported double digit decline. Harrah's and Caesars were the
only two out of the 11 Atlantic City casinos which reported
gains, with Caesars showing 15.3% increase in gambling revenues,
largely due to its table games gain of 52.5%.
Many representatives of the casinos blame the
bad results not only on the partial smoking ban which took
effect last month, but also on the increased competition from
the racetracks in Pennsylvania which have recently were allowed
to add slot machines.
The overall casino revenue for Q1 is down