Saturday, August 1, 2015

A.C. casino revenue up 3.3 percent in April

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Gamblers lost $224.44 million in Atlantic City casinos in April, up 3.3 percent compared to last year, excluding last year's results for the Atlantic Club, which closed in January, the New Jersey Division of Gaming Enforcement reported.

Still, five of the 11 casinos operating both years posted declines, including three of Caesars Entertainment Corp.'s properties. In a recent conference call, Caesars chief executive called Atlantic City "the biggest problem the company has faced in the last several years."

Bally's AC, Harrah's, and Showboat reported revenue declines ranging from 10 percent to 20 percent. Only Caesars, the namesake property, boosted its winnings from gamblers, and that came from table games rather than slots. - Harold Brubaker

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