Atlantic City Casino Revenue Falls 50% in 9 Years
New figures show that over the last nine years Atlantic City has lost more than half of its casino revenue and the news comes just after a bill was introduced to expand gambling to the northern part of the state.
Figures show that the city’s eight casinos took in $2.56 billion last year, a decline of 6.5% from the year before. Furthermore, this is less than half of the amount taken in 2006 which was the city’s best year and revenues reached $5.2 billion.
However, if the casinos which are no longer operational are removed then 2015 revenue was actually up by 3.1% compared to 2015. The largest percentage increase was made by the Golden Nugget which was up 24.6% for the year to $231.2 million. The biggest decline was the Trump Taj Mahal which was down 16.5% to 180.2 million.