NJ Casino Revenue Continues to Lag
Revel, the $2.4 billion casino resort widely seen as Atlantic City’s best hope of survival, ranked 8th out of the city’s 12 casinos in its first month of operation.
The resort opened April 2 in a preview period it says was intended more to test systems and equipment than to make money. It won $13.4 million from gamblers.
Atlantic City’s casinos as a whole took in $260.6 million, a 10 percent decline from a year ago.
Slot machine revenue fell 9.2 percent, to $189.5 million, while table game revenue decreased by 12.1 percent, to $ 71.1 million. The Tropicana Casino and Resort had a banner month at the tables, tripling its winnings from last April to more than $9 million. Overall, the casino’s revenues were up nearly 39 percent.
(Copyright 2012 by The Associated Press. All Rights Reserved.)