A slight improvement in Atlantic City

New Jersey gambling mecca’s three-year losing streak may finally be coming to an end.

Things may at last be looking up in Atlantic City, a key American gambling centre, reports Associated Press.

April 2010 casino revenues were down less than 1 percent, raising hopes that the prolonged decline in revenues experienced by Atlantic City casinos may finally be leveling off. The decline is the smallest in the last 20 months, AP reported.

The city's 11 casinos won $311.5 million in April, a decrease of 0.7 percent over the same month a year ago. Four casinos posted revenue increases in April, and three others had declines of less than 5 percent.

Atlantic City casinos have come under pressure from a faltering economy and competition from neighbouring states (see previous InfoPowa reports).

"It's really good to see that in April the market seemed to be stabilizing," said Mark Giannantonio, president of the Tropicana Casino and Resort. "That's been the case over the last several months. But the months to come are going to be the real challenge as a result of table games in Delaware and Pennsylvania."

Revenue at table games was $95.6 million, an increase of nearly 3 percent. Slot machines brought in $215.8 million, a decrease of 2.2 percent.

Casino analyst Cory Morowitz told Associated Press that the growth in table games is particularly good news for Atlantic City.

"It's an indication that the economy is coming out of its doldrums, and that's a good thing for Atlantic City, regardless of what's happening on our borders," he said. "It means Atlantic City seems to be nearing a level of equilbrium, but they still have a lot of work to do."

For the first four months of this year, casinos won $1.17 billion, down 7.6 percent from the same period in 2009. But that number was skewed by a 15.7 percent hit in February due to three major snowstorms.

Live activity feed

  • 644574 10200859798240907 134084165 n
    Spider man


    / 21 votes
  • 250 free spins
    3rd Deposit Bonus - Free Spins


    / 179 votes
  • Index
    "Hi my favortie casino is WinAday login is laceysoft and here is my scary Halloween story. My daughter Shannon had a friend over from Illinois her name Jessica and then my  sons David and Jake..we were all in the living room and we decided for Halloween at 11PM at night to do a seance.....we were gonna see if we could see or hear anything.  Tensions were high as we started cause we had candles lit and it was eerie with the hanging skelton and the ghost who if noises were heard let out this ghostly moaning....we call him Ghostie.....but I led the seance and we were just calling upon any spirit to let us know they were with us...OMG it was so creepy and we were hearing things...and you could see the kids were getting a little nervous. By the patio as I again asked if any spirits were with us.when all of a sudden there was a breeze we all felt and it got really cold.....I felt that since we were by the pation door.could it be that??? I was getting a little freaked out..but hey I am the adult gotta keep the kids calm here...yeah right when I was a little scared myself......then all of a sudden my daughter Shannon shouted out....this is crazy, I don't believe in ghosts......and holy crap my apartment door opened itself and then slammed shut....all of us hauled ass out of there and ran down the hall to my bedroom screaming our butts off.....I think my daughter and her friend peed their pants.........and then the fear turned to nervous laughter and nobody said a word about what happened.......paranormal activity?? Who knows but I am not gonna even question it..But, makes ya wonder. Needless to say no more seances were ever done, especially on Halloween.....that was scary!!!!!!!! "
  • Luis
    " Yaroslav wrote: Partypoker. Not bad desire: I like usually this type of win.. big win from small bet..never got it on immortal romance.."
  • Index
    "check accounts for 5 freespins on red riding hood. depositor. gla!!"
  • Evil dead 1982 07 g
Swipe left or right to see more

lcb activities in the last 24 hours

  • 31
    new members
  • 601
    members online
  • 17507
    guests online
  • 135
    new posts
  • 9415
    free games played
Join the club

Highest Community Rated Online Casinos

Swipe left or right to see more

Latest forum posts

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search Results