Online Gambling News the way they are!
   Web        OGpaper portal          

Atlantic City casinos see a drop in revenue for April

The partial smoking ban at the Atlantic City casinos did prove bad for the business after all.

Atlantic City casinos see a drop in revenue for AprilThe 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 million.

The three Trump casinos, Bally's (-10.4%) and Tropicana (-13.4%) 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 in Atlantic City for Q1 is down 4.1%.


Related news:

 Atlantic City casinos 3/4 smoke free
 Gambling revenues at US commercial casinos up 6.8%



Copyright 2005 © . All rights reserved.