Atlantic City Casinos Being Affected By High Gas Prices

Atlantic City is in the midst of some major reconstruction. Gone are casinos that spent decades in New Jersey. They have given way to newer, more up to date casino resorts.

Even as the city continues to make changes that they feel will bring back their casino dominance, several factors are working against that happening in the near future.

Gas prices are on top of the list of potential problems for Atlantic City's eleven casinos. People who frequent these casinos come from all areas, and most commute bat least an hour. with gas prices rising, less people are willing to make the trip.

Another factor that is hurting the casinos is expansion in states close to New Jersey. Pennsylvania and New York have added slot parlors, and that is leading to people who used to travel to Atlantic City from those states, staying home.

In March, the revenue numbers at the casinos fell once again. The casino Control Commission has released numbers that are staggering. Revenue numbers were down to $395 million. That is almost ten percent.

Overall, on the year, casinos have seen revenue drop 6.4 percent, and if gas prices continue to drop, those revenue numbers will continue to fall.

April 10, 2008
Posted By Terry Goodwin
Staff Editor, CasinoGamblingWeb.com
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