Atlantic City casino revenue dips in January

Revenue at Atlantic City casinos fell last month, dashing hopes for a second straight advance.

After rising in December for the first time in almost four years, revenue at Atlantic City casinos dropped 7.2 percent in January.

Most of the year-over-year decline resulted from a 20 percent reduction in what the city’s 11 casinos took in from table games.

Israel Posner, executive director of the Institute of Gaming, Hospitality and Tourism at Richard Stockton College, said he doesn’t view the January revenue numbers as a big setback.

“The table game win is very variable. It’ll jump up and down based upon the luck of the player and, of course, the luck of the casino,” Posner said. “The good proxy for overall economic activity in the casinos is really the slot play and that’s relatively flat.”

Posner says gaming revenue will be less of a factor in gauging the future of the Atlantic City market as new development projects in the city’s tourism district boost spending on entertainment and other non-gaming activities.

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