May Atlantic City Casino Revenues “Disappoint”
Revenues for Atlantic City’s 12 casinos last month fell 9.5 percent, and totaled 263-million dollars.
But all eyes were on the brand new Revel. In May, Revel took in 13.9-million dollars. That was also a disappointment, because Revel’s April revenues were 13.4 million. So the May take was only a slight improvement, not the hoped-for revenue surge Revel, and indeed the entire gambling market, hoped for.
Roger Gros of Global Gaming Business Magazine says while April was a month for Revel to, “find its legs,” the May number is cause for concern. Gros says if there isn’t some larger improvement when the June revenue figures show up for Revel later along, it will be cause for real alarm.
Revel investors are hoping for great things from the 2.4-billion dollar venue. Indeed, the entire Atlantic City casino market looks to Revel to help it boost its sagging fortunes.