Atlantic City Casinos See Revenue Drop for Sixth Consecutive Year

Atlantic City Casinos See Revenue Drop for Sixth Consecutive Year

 

The casinos have been in steady decline since they saw their biggest year ever in 2006, costing the city jobs, money, and its status as the country’s second-largest casino market to Pennsylvania casinos.

Revenue was down 8 percent from 2011 and every casino posted annual declines except for the the Golden Nugget Atlantic City, which was up 4 percent for the year. Trump Plaza Hotel and Casino had the worst year financially, with revenue dropping 25 percent.

This year, Atlantic City casinos also faced problems due to Hurricane Sandy, which caused them to close for the second time in less than a year. The storm also kept visitors away for some time and had a detrimental effect on revenue.

American Casino Guide