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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.

Gambling, Poker
Flickr User Viri G

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.)

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