Atlantic City casinos posted another month of year-over-year revenue declines in March, but some gaming halls still managed to report impressive numbers.
Atlantic City casinos have been dealing poor revenue figures month-after-month for years, but an industry expert predicts a slight turnaround for the struggling gaming halls in the near future.
Year-over-year revenues at Atlantic City's 12 casinos spiked by 3.6 percent in October, but that's mainly due to the fact that Superstorm Sandy forced the casinos to shut down a year ago.
We can expect year-over-year gambling revenue increases for Atlantic City in the final quarter of 2013, but that's only because the resort town was affected last year by the worst storm in New Jersey history.
Superstorm Sandy made summer 2013 a challenge for most shore towns, but Atlantic City faced unique hurdles, dealing with the storm while in the midst of a major redevelopment initiative.
Atlantic City casinos were hoping to see a rebound in revenues with the start of summer. They didn’t get it, making this month and next even more important.
Atlantic City's casinos still aren't playing "Back In Black" over their loudspeakers, but the decline in their revenue slowed significantly in May.