Atlantic City Casino Revenue Takes Another Bath In May
Friday, June 12th, 2009 | Uncategorized
Atlantic City casinos are at the point of dreading these figures every month. For May, the New Jersey Gaming Control Commission announced Wednesday a decline of 15.4% in gaming revenue.
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Casino Downloads Flash Casinos Atlantic City Casino Revenue Takes Another Bath
In May Every month it seems as though Atlantic City casinos cannot sink any
lower when it comes to their revenue figures and every month the numbers drop
more drastically than the month before In May it was not as bad as April but
revenue still dropped significantly The New Jersey Casino Control Commission
released revenue figures in May for the state’s eleven casinos and they were
down 15.4% from the same period last year The total revenue reported was $351.3
million Neighboring states have been instrumental in the decline of gambling at
Atlantic City casinos It is a fact that at first the state of New Jersey was
slow to acknowledge but now reality is starting to settle in Certainly one of
the reasons why revenue is down in Atlantic City is the impact of new
competition…the opening of the new facility in Bethlehem will certainly
contribute to that said Daniel Heneghan a spokesman for the Commission The
Bethlehem casino in Pennsylvania might be the final straw for Atlantic City
casinos The Las Vegas Sands property is less than two hours away from Atlantic
City meaning that Pennsylvania customers will no longer have to make the trip to
do their casino gambling The Atlantic City Hilton was the worst of the AC
casinos dropping 25.3% in revenue from May of 2008 They only had revenue of $13
million in May The only bright spot for the city was the Borgata Hotel casino
with a revenue increase of 4.8% The Borgata revenue for May was $39 million June
10 2009 Posted By Terry Goodwin Staff Editor CasinoGamblingWeb.com Submit News
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