Atlantic City profits go down

Written by BrainBetting Team Saturday, 11 June 2011 21:30

Gambling News - Casino News

Newly released figures show Atlantic City's casinos had to endure another decline in revenues in May, showing an across the board slide of 9 percent to $290.6 million when compared with those of May 2010.

Associated Press reports that the biggest loser was Trump Plaza Hotel Casino, down 25 percent, from $17.3 million last May to $13 million this May.

Across all casinos, slot machine win fell 8.7 percent, to $206 million, while table game win decreased by 10.1 percent, to $84.6 million.

For the first five months of the year, the Atlantic City casinos won $1.4 billion, down 7.6 percent from the same period in 2010.

The New Jersey gambling mecca is struggling in the midst of a four-and-a-half year revenue slump brought on by competition from casinos in neighbouring states & the sluggish US economy.

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