Atlantic City Casino Revenue Falls 7.1% To $289.4 Million In April 2011

admin, May 13, 2011 11:09 am

Atlantic City casinos have suffered yet another decline in monthly revenue, this time tumbling by 7.1% to $289.4 million in April compared to a year earlier.
In total, Atlantic City’s 11 casinos generated $208.6 million in slot machine revenue down 3.4% from the same period in 2010, while table game revenue also fell by 15.4% to $80.9 million.
Overall, the only casinos to see an increase in April’s figures were Caesars Atlantic City whose revenue rose 5.6% to $38.3 million, and Resorts Casino Hotel up 4.3% to $14.5 million.
On the other side of the coin, Tropicana Casino and Resort experienced the biggest decline down 19.8% to $19.2 million, followed by Trump Plaza Hotel and Casino down 19.3% to $13.2 million, and The Borgata down 11.3% to $49.8 million.
Other results showed the Trump Marina Hotel Casino down 7.9% to $10.9 million, Harrah’s Resort Atlantic City down 7.6% to $38.3 million, the Trump Taj Mahal Casino Resort down 7.2% to $31.9 million, the Showboat Casino Hotel down 6.7% to $23.2 million, Bally’s Atlantic City down 5.1% to $35.3 million and the Atlantic City Hilton Casino Resort down 1% to $14.1 million.
The beleagured gambling resort had seen 28 years of straight casino profits until 2007. However, Atlantic City has since seen its revenue plummet from a 2006 peak of $5.2 billion to $3.57 billion in 2010.
For decades, Atlantic City held a gambling monopoly outside Nevada but then lost its advantage after cash-starved states  increasingly turned towards gambling revenue to improve their budgets.
Now Atlantic City has found its yearly revenue steadily declining as it competes against neighbouring states such as Pennsylvania, Philadelphia, Delaware, West Virginia and Maryland.
There would also seem to be more bad news ahead as Spectrum Gaming Group predicts yet another year of decline for Atlantic City. As the gaming research firm states:
“Our projection of $3.1 billion in gaming revenue for Atlantic City in 2011 is down 40.8 percent, or a staggering $2.13 billion, from its historical peak year of 2006.”

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
New Jersey iGaming Market Posts Second-Highest Month in April
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this