Atlantic City Casinos Rebound Nicely In May Revenue Numbers
Casino operators around the United States have been in a bit of a panic lately over the quickly falling revenue numbers of this year. The economy looks as if it has finally infiltrated an industry that before had been immune to the country's financial troubles.
Atlantic City is one of the gambling destinations that has been hit the hardest by this revenue drop. They have been already losing customers to nearby states which have legalized casino gambling, and their casinos have had difficulty giving people reasons to visit.
Atlantic City casinos finally received some good news this week. Their May revenue numbers have increased by 1.6 percent over last year in the same month. Gamblers lost $415.3 million at casinos in the city in May. Operators hope this is a sign of things to come for the former gambling capital of the East.
While the overall casino gain was up 1.6 percent, slot gaming was down. Slot revenue decreased 1.5 percent, while table game revenue jumped 9.5 percent. Slot machines won $289.6 million, while table games took in $125.7 million.
Atlantic City currently has eleven casinos operating. Of the eleven, several have remodeled their casinos in the hopes of reviving what was a once proud area in the casino gambling world. While the increase in revenue was nice, new smoking laws in the city are threatening to hurt business in the future.
June 11, 2008
Posted By April Gardner
Staff Editor, CasinoGamblingWeb.com
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