Wednesday, October 13, 2010

Atlantic City Casinos Watch Gambling Revenue Slip Again

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Resorts Atlantic City, the oldest casino in New Jersey, is being sold and transformed with the theme of the 1920'2 in mind. What the casino and the rest of the AC casino industry needs, however, is a return to the seventies and eighties, when AC casinos ruled the gaming world.

September gambling revenue figures were released on Tuesday and it was another disappointing month for the casinos. Revenue dropped 11.6 percent from the same period in 2009, and that is not good considering the 2009 numbers were down as well.

The eleven casinos in Atlantic City all saw revenue decreases in September. The casinos have struggled for the better part of the past two years, and there is nothing to indicate that a turnaround will come anytime soon. The latest revenue figures have officials from the AC casinos again shaking their heads.

Table game revenue at the New Jersey casinos dropped 15.6 percent. That could be a direct reflection of the table games that are now being offered at Pennsylvania casinos. In July, Pennsylvania casinos started offering table games, and they have been taking customers out of AC casinos in the months since.

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