Atlantic City Casino Gambling Down 20% In Second Quarter

This what Donald Trump is coming back to in Atlantic City. Revenues at Atlantic City casinos dropped by almost twenty percent in the second quarter, marking another quarter in which revenues went in the wrong direction.

Atlantic CIty casinos have been struggling for years now. They were in the midst of a rebuilding process when the economy went into the tank. Since then, renovation projects have halted and new casino projects have been tabled.

The state Casino Control Commission revealed revenue figures for the second quarter on Wednesday. Revenue decreased by 19.8% in the quarter for the elevene casinos in Atlantic City. That is a number that many of the casinos already knew was coming.

"It is easy to understand why the casinos in AC are losing revenue," said observer Dale Brensor, "competition is growing in neighboring states, and the economy has drained whatever advantage that these casinos had by being located in Atlantic City."

Still, Trump has said in recent weeks that he will once again oversee the rise of casinos in AC. That may be a bit of a reach, especially considering that surrounding states are continuing to expand their gambling options almost on a monthly basis.

The second quarter of last year, which still was not good for Atlantic City casinos, had revenue at the eleven casinos of $247.3 million. The second quarter of 2009 brought revenues of $198.4 million.

August 20, 2009
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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