Almost half of Atlantic City’s casino revenue lost in 8 years

ATLANTIC CITY, N.J. (AP) -- Atlantic City has lost nearly half its casino revenue over the past eight years as competition in nearby states cannibalized its market and drove four casinos out of business.

Figures released Wednesday by the state's Gaming Enforcement Division show the casinos took in $2.74 billion in 2014, down 48 percent from a high of $5.2 billion in 2006.

The decline would have been greater without the $122 million that Internet gambling provided last year.

Four of Atlantic City's 12 casinos closed in 2014 -- The Atlantic Club, Showboat, Revel and Trump Plaza.

In 2014, Atlantic City's casinos took in 4.5 percent less than they did in 2013.

Excluding casinos that closed last year, the surviving eight gambling halls saw their revenue increase by nearly 8 percent, to $2.48 billion.

FULL--YEAR 2014 REVENUE FOR ATLANTIC CITY CASINOS

Bally's: $224.8 million (down 8 percent from 2013)

Borgata: $687.2 million (up 10.7 percent)

Caesars: $330.6 million (down 1.7 percent)

Golden Nugget: $185.5 (up 48.4 percent)

Harrah's: $365.3 million (up 2.5 percent)

Resorts: $139.3 million (up 6.6 percent)

Tropicana: $297.2 million (up 29.9 percent)

Trump Taj Mahal $215.8 million (down 16.9 percent)

Atlantic Club: $3.9 million (closed Jan. 13, 2014)

Showboat: $110.5 million (closed Aug. 31, 2014)

Revel: $98.1 million (closed Sept. 2, 2014)

Trump Plaza: $45.4 million (closed on Sept. 16, 2014)

DECEMBER 2014 REVENUE VS. DECEMBER 2013

Bally's: $17.2 million (up 5.4 percent from December 2013)

Borgata: $53.5 million (up 12.9 percent)

Caesars: $27.5 million (down 6.1 percent)

Golden Nugget: $15.8 million (up 67.8 percent)

Harrah's: $29.8 million (up 11.1 percent)

Resorts: $10.6 million (up 20.9 percent)

Tropicana: $22.4 million (up 32.9 percent)

Taj Mahal $10.7 million (down 34.9 percent)

Source: New Jersey Division of Gaming Enforcement

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