Atlantic City casino revenue down for 35th straight month

Atlantic City casino revenue down for 35th straight month

According to the report, gaming revenue in Atlantic City summed $340.3 million in July 2011, which represents a 6.5% decrease when compared with the same month a year ago. July’s revenue figures also show that slot machine winnings at Atlantic City casinos fell 3% to $245.4 million, while table game proceeds decreased 14.5% to $94.9 million. The negative mark extends Atlantic City‘s losing streak to 35 straight months of decline dating back to September, 2008. 

Despite the Fourth of July celebrations and the beginning of the summer season, revenue figures shrank at 10 of 11 state casinos, with only Harrah’s Casino Hotel posting a 1% increase in July. The largest loss was hat reported at Trump Taj Mahal, where gaming revenues decreased 22.5% compared to July, 2010.

For the first seven months of the year, casinos won $2.0 billion which is down 6.9%  from the same period in 2010. Win from slot machines was down 5% and win from table games was down 11.1% for the seven month period.

Atlantic City casino win analysis:

ACH Resort and Casino: $16,797,629  (Down 13.2% from $19,342,237)
Bally’s Atlantic City: $40,269,555 (Down 9.7% from $44,579,524)
Borgata Hotel Casino & Spa: $64,397,100 (Down 0.2% from $64,556,373)
Caesars AC: $37,688,110 (Down 6.6% from $40,372,085)
Harrah’s Marina: $45,745,056 (Up 1.1% from $45,250,162)
Resorts Atlantic City: $14,809,315 (Down 6.9% from $15,900,870)
Showboat Casino Hotel: $27,749,568 (Down 3.6% from $28,773,765)
Tropicana AC: $28,096,130 (Down 1.1% from $28,404,164)
Golden Nugget AC: $13,579,411 (Down 3.7% from $14,097,798)
Trump Plaza: $14,599,249 (Down 5.1% from $15,389,921)
Trump Taj Mahal: $36,618,546 (Down 22.5% from $47,222,392)

Monthly Total: $340,349,669 (Down 6.5% from $363,889,291)

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American Casino Guide