Atlantic City Casinos Up 27% To $224.7m In November

Atlantic City Casinos Up 27% To $224.7m In NovemberThe New Jersey Casino Control Commission has released its gambling results for November revealing a 27.2% increase in casino revenue to $224.7 million compared to $176.6 million for the same month a year ago.
Despite the impressive growth, the figure is actually in large part due to last November’s gambling revenue being severely affected after Superstorm Sandy forced AC casinos to shut their doors for up to nine days. Similarly, Atlantic City casinos also showed a 13% improvement back in August 2012, a year after destructive tropical cyclone Hurricane Irene again forced casinos to shut shop.
Nevertheless, November’s results are still somewhat of a milestone as combined with October’s increase of 3.6%, it marks the first time Atlantic City’s beleaguered casino market has reported back-to-back monthly increases since 2006, when the gambling resort reached its peak revenue. In addition, November’s 27.2% increase is the second-biggest growth rate in Atlantic City’s 35 year gambling history, the largest of which was 30.1% in February 2004.
Breaking Atlantic City’s November figures down further, slot machine revenues were up 30.3% to $164.4 million, while table games were up 19.5% to $60.3 million for the month.
Furthermore, the only casino reporting a decline in growth was the Trump Plaza Hotel and Casino, down 2.6% to $4.8 million. On the other side of the coin, Revel Casino Hotel reported the biggest percentage gain, up 133% to $14.5 million, compared to the $6.2 million for the same month last year.
Also posting increases in growth was The Atlantic Club Casino Hotel, up 44.7%; The Tropicana Casino and Resort up 44.5% to $18.4 million; Resorts Casino Hotel up 43.8% to $10.3 million; Caesars Atlantic City up 29% to $24.4 million; Harrah’s Resort Atlantic City up 27.4% to $30.1 million; Bally’s Atlantic City up 20.1% to $18.2 million; The Showboat Casino Hotel up 19.2% to $13.7 million; the Borgata Hotel Casino & Spa up 18.9% to $50.8 million; the Golden Nugget Atlantic City up 10.4% to $9.9 million; and the Trump Taj Mahal up 8.6% to $18.3 million.
For the first 11 months of 2013, Atlantic City casinos have now generated $2.7 billion in revenue, a decrease of 6.1% from the same period in 2012.


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