April Proves To Be Another Bad Month For Atlantic City Casinos

Atlantic City casinos did not have the month they were looking for in April, but it was what they have come to expect when it comes to revenue. There was a decrease in revenue over the same month the previous year.

In April, casino revenue was down 14.2% from April of 2008. The total amount won equalled $313.6 million. That seems like a large figure, but talking to the people in Atlantic City, it is almost as if the city has turned into a ghost town.

"People do not come to Atlantic City and gamble like they used to," said observer Jacolyn Bishot, "The casinos are not the same, the entertainment is not the same, even the buffets are not the same. Everything has changed for the worst."

Just a few short years ago Atlantic City officials were ready to recapture the magic of the eighties. There were several new casinos ready to be built, and old casinos were scheduled to be renovated.

That was all before the economy took a downward turn. Now, casinos have halted their plans of renovation and several big casino companies have stopped their plans for new elaborate casinos.

The city is left with declining revenue that has become so bad, that in March, AC casinos experienced the largest revenue decrease in their history. Revenue dropped almost twenty percent.

May 12, 2009
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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