July was a dismal month for Atlantic City Casinos

July stats show a 5 percent decline in revenues

Official statistics for July 2010 show that Atlantic City land casinos again experienced a decline in revenues - 5 percent lower than the comparable period last year - as competition from neighbouring Pennsylvania added to New Jersey casino woes.

The New Jersey Casino Control Commission reported Tuesday that revenue for the 11 Atlantic City casinos fell to $363.9 million.

The Commission's numbers show that casinos won $252.9 million at the slot machines and another $111 million at table games. Slots revenue fell 5.2 percent from July 2009; table game revenues decreased by 4.5 percent.

Competitive pressure from two neighbouring states contributed to the decline, with Pennsylvania gambling parlours introducing table games on July 8, a few weeks after Delaware did likewise.

Casino analysts have predicted that the stepped-up competition could cost a quarter of its annual table games revenue, or $300 million a year.

For the first seven months of the year, Atlantic City casinos won $21.4 billion, down 7.9 percent from the same period in 2009.

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
Search Results
39012170