2009 Atlantic City Casino Revenue Decreases Thirteen Percent

It comes as no surprise to those who have followed the casino gambling industry in Atlantic City that revenue decreased in 2009. On Monday, however, it was learned just how far the once-proud industry has fallen.

The New Jersey Casino Control Commission released figures from 2009, and revenue fell by thirteen percent at AC casino resorts. That was in line with the trend of double digit losses in each of the first eleven months of the year.

"The numbers released today are no big surprise," said Gaming Analyst Steve Schwartz, "The casino industry as a whole has been suffering through the recession in the US, and those troubles were most visible in Atlantic City and Las Vegas."

for 2009, AC casinos won $3.9 billion from gamblers. That figure represents a loss of 13.2% from the previous year. The worst of the recession in the US happened in the early to middle months of the year.

Even with the decline in revenue, there was some reason for optimism. In December, there was only a 9.8% drop from the same period the previous year. The casinos made $272 million, and several key executives believe that the casinos can turn things around.

Many analysts, however, believe that it will not be until 2011 when the casino industry in the US fully sees a recovery from the recession. That could mean more months of declining revenue during the coming year.

January 12, 2010
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
Submit News!

Nevada Casino Gambling Revenue Finally Rebounds With Profit
St. Louis Casinos Have Increase In Revenue For December
Pennsylvania Begins Preparations For Problem Gambling Funding
Atlantic City Casino Industry Braces For Pennsylvania Table Games
Genting Group Moving Closer To Singapore Casino Opening