Casino Revenue Down Nearly 10% in A.C.
Casinos were doing better this time last year
Monday, Nov 10, 2008 | Updated 4:31 PM EDT
Brian Stablyk
Slot winnings took a big hit during October, compared to the same time last year.
Atlantic City Casinos reported $346.3 million in casino win in October, a 9.9 percent decrease over the same month a year ago.
Results reported to the New Jersey Casino Control Commission Monday show that the 11 casinos won $235.9 million at the slot machines and another $110.3 million at table games in October.
Slot revenue fell 12.7 percent while table game revenues declined by 3.3 percent.
For the first 10 months of the year, casinos won $3.9 billion, down 6.6 percent from the same period in 2007.
Revenue from slot machines is down 8.6 percent and revenue from table games is down 2 percent for the 10 months.
Win, or casino revenue, is the net amount of money won by casinos. It is not profit.
Read the complete report for yourself by clicking here.
