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More Trouble for Atlantic City’s Casinos

Revenue at Atlantic City’s casinos was down more than 13 percent in January compared with the same month a year ago.

Slot Machines
Flickr User Raging Wire

It was an inauspicious start to what could be a seventh straight year of falling casino revenues in a market that used to be the nation’s second-largest but has since lost that title to Pennsylvania.

The city’s 12 casinos won $205.6 million from gamblers last month. Table games revenue fell by $5.1 million, to $67.1 million. Slot machine revenue fell by $26.2 million, to $138.5 million.

The slots numbers were affected by an $8.1 million decrease in promotional gambling credits that were wagered, which are a component of slot machine revenue totals.

Atlantic City’s casino revenue has fallen from a high of $5.2 billion in 2006 to just over $3 billion last year.

 

(Copyright 2013 by The Associated Press.  All Rights Reserved.)

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