Thursday, July 30, 2015

AyCee casinos end 40-month revenue skid

For the first time in more than three years, Atlantic City's 11 casinos have seen a monthly rise in year-over-year revenue.

AyCee casinos end 40-month revenue skid

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For the first time in more than three years, Atlantic City's 11 casinos have seen a monthly rise in year-over-year revenue.

According to figures released today by the New Jersey Division of Gaming Enforcement., the gambling dens earned a combined $246.5 million last month, compared to $236.5 in December, 2010. This represents a 4-percent increase, the first such positive number since Pennsylvania's gambling dens hit their customer-grabbing stride.

However, the same state-issued report indicates that December's performance couldn't keep the 11 casinos from making less money this year at the slot machines and gaming tables than it did in 2010. For all of 2011, the gross gambling revenue was $3.3 billion versus $3.6 billion the previous year.

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About this blog
Philly native Chuck Darrow has literally covered Atlantic City’s casino scene since Day One: He was there on assignment the night in November 1976 when voters approved legalized casinos.

Since then, Chuck has covered the town and its gaming industry for several area newspapers -- which is why, in some circles, he’s known as “Boardwalk Charlie.”

You can reach Chuck at darrowc@phillynews.com. Reach Chuck at darrowc@phillynews.com.

Chuck Darrow