Atlantic City revenue numbers out today after yesterday’s layoffs
A day after Atlantic City’s leading casino laid off 50 table games workers, the nation’s second-largest gambling market will release April revenue figures for its 11 casinos.
The numbers to be released today are expected to show a resort still struggling with a 4 1/2-year decline brought on by competition in neighboring states and the sluggish economy.
Atlantic City has been steadily losing business to Pennsylvania’s 10 casinos, as well as gambling halls in New York, Delaware and Connecticut.
Yesterday, the Borgata Hotel Casino & Spa laid off 50 workers, citing competition and the poor economy.
For the first three months of this year, Atlantic City’s casinos won nearly $794 million–that’s down 7.3 percent from the same period in 2010.
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