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Atlantic City Casinos’ Revenue Falls 4.8% in August

Atlantic City Casinos’ Revenue Falls 4.8% in August

Last month Atlantic City’s casino revenue fell by almost 5% as gamblers were more successful than usual at table games. The 12 casinos in the city took a combined total of $298.1 million, down 4.8% from August 2012.

Atlantic City Casinos’ Revenue Falls 4.8% in August

August was a tough month for casinos in Atlantic City with revenues falling by almost 5% year-on-year.

Revenue from table games fell 10.5% from last year to $78.6 million, according to the state Division of Gaming Enforcement casinos did worse at table games this year than last. Slot machine revenue also fell; it was down 2.6% to $219.5 million.

In total nine casinos saw a drop in revenue during August. The hardest hit was Harrah’s Resort Atlantic City which saw revenues fall 18%.

The Tropicana Casino and Resort saw revenues fall 17.8% while the Trump Plaza’s revenues fell 17.2%.

Other casinos which saw revenue fall include the Trump Taj Mahal Casino Resort (15.5%), the Showboat Casino Hotel (9.5%), Bally’s Atlantic City (9.3%) and the Golden Nugget Atlantic City (4.3%).

However, it wasn’t all bad news, The Borgata Hotel Casino & Spa saw revenues rise 13.3% and the Resorts Casino hotel saw revenues rise 2.2%.

Atlantic City casinos have seen revenues fall for the last seven years, mainly due to increased competition from neighbouring states.

OCA News Editor

Keeping up with the latest trends in entertainment, Matt Holden brings celeb news to the front page of OCA. Matt loves numbers games and researches the highest paying lottery draws to play.

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