Gambling Revenues of Atlantic City Disappointing Result for January 2012

02-13-2012

Last month, New Jersey Division of Gaming Enforcement (NJDGE) has revealed performance for all casinos of Atlantic City. This performance report has proved to be disappointing for all gambling operators. According to the assessment of Press release of Atlantic City, this January, revenue of online casino has failed to 7.2%. This January 2012, 11 casino outlets have secured approximately $236.9 million of revenue from table and slot games, as compared to the revenue of $255.4 million in last year.

Although, revenues of slot machines remain unchanged at $164.7 million, but revenues from table games have decreased at a rate of 20% (approx.) to $72.2 million as compared to previous year. This year, casinos have held 15% (approx.) on table games as compared to 17% in January 2011. This winter of December 2011 has mild weather, because of which many people have visited the casinos and government have expected that revenue will increase to approximately 4%.

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