Atlantic City revenue down 9% in May

This story was published more than 12 years ago.

Newly released figures show Atlantic City's casinos had to endure another decline in revenues in May, showing an across the board slide of 9% to $290.6 million when compared with those of May 2010. Associated Press reports that the biggest loser was Trump Plaza Hotel Casino, down 25%, from $17.3 million last May to $13 million this May.

Across all casinos, slot machine win fell 8.7%, to $206 million, while table game win decreased by 10.1%, to $84.6 million.

For the first five months of the year, the Atlantic City casinos won $1.4 billion, down 7.6% from the same period in 2010.

The New Jersey gambling mecca is struggling in the midst of a four-and-a-half year revenue slump brought on by competition from casinos in neighbouring states and the sluggish US economy.

Source: InfoPowa News