Revenues Sink in January for AC Casinos
Revenue at Atlantic City's casinos fell 7.2 percent in January, dashing hopes that a surprising increase the month before might be the start of a hot streak for the nation's second-largest gambling market.
Statistics released Friday afternoon by the state Division of Gaming Enforcement show the casinos took in $236.9 million in January.
Slot machine revenue was virtually unchanged at $164.7 million, but table games revenue plunged 20.2 percent, to $72.2 million compared with a year ago.
The calendar hurt somewhat; there was one more Saturday in January 2011 than there was this year. But unseasonably mild weather this January spurred hopes the casinos might have had a better month.
The resort has been fighting fierce competition from casinos in neighboring states, and the lingering effects of an uncertain economy.
(Copyright 2012 by The Associated Press. All Rights Reserved.)