Atlantic City casino revenues continue to drop
The 11 Atlantic City casinos saw revenue drop by five percent last month.
Casino revenues in Atlantic City are down again, continuing a more than three year decline.
The 11 Atlantic City casinos saw revenue drop by five percent last month.
Spectrum Gaming analyst Joe Weinert cites increased competition from Pennsylvania.
“The Atlantic City casinos suffered a decline on the table side that was expected because live table gaming began in Pennsylvania and it would have been worse except that the casinos actually were a little bit luckier in this month than they were at the same month a year ago.”
Weinert says it could take until summer of next year before Atlantic City casino revenues show gains.
While he expects some of the table game income to be lost to Pennsylvania forever, Weinert says some high rollers will continue to go to Atlantic City.
He says that’s because the casinos in the Keystone State do not have the amenities to offer them complimentary hotel rooms or show tickets as a reward for their betting.
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