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Atlantic City Casino Gambling Revenue Falls Again

Jerry Driendl, Getty Images

For the 38th consecutive month in October, Atlantic City’s casinos brought in less gambling winnings than they did a year earlier.

The industry’s latest dismal revenues report on Thursday indicates that the long decline amid increased gambling competition in nearby states combined with a sluggish economy isn’t over.

The city’s 11 casinos saw their winnings in gambling slip to $262 million last month from $284 million in October 2010, a 7.9 percent slide.

The resort city has not seen its monthly revenues increase over the previous year’s since August 2008.

It came close to improving in September, when revenues dropped by less than 1 percent.

But the steeper slide resumed in October, when only the Borgata and Resorts Casino Hotel had better results than a year earlier.

Trump Plaza and the Golden Nugget — which was known as Trump Marina until May — were the biggest losers at 30 and 28 percent, respectively.

Across the city, slot machine revenue was down 4 percent while table game revenue dropped 17 percent.

For the first 10 months of the year, revenues were $2.83 billion, down from $3.07 billion through October 2010, a 7.8 percent drop.

(Copyright 2011 by The Associated Press.  All Rights Reserved.)

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