After a four and a half year slump in gambling income Atlantic City casino operators can breathe a little easier today. That is because the accounting statistics for the month of June showed slight improvement over the same time last year.
The numbers showed that overall casino revenues were down only 3.7% ($276.2 million brought in) in June compared to last year, and slot machine revenue was down 3.1% ($200.5 million brought in). Table games had a decent month as well, decreasing by only 5.2% ($75.7 million brought in). Tony Rodio, President of the Tropicana Casino and Resort said that, "In fact, had it not been for a lucky table games player who beat the Tropicana for about $8 million last month, Atlantic City would have been within 2%age points of breaking even".
For the first half of the year, Atlantic City saw casino revenue drop 7% compared to last year, and brought in $1.7 billion in winnings. With March being down 6.7%, April decreasing 7.1% and May showing a 9.1% drop, casino executives are happy with the increasing performance of June's numbers.
"It's the 34th consecutive month of decline, but it is evidence that the Atlantic City market, while still struggling, is showing signs of recovery," said Robert Griffin, Trump Entertainment Resorts CEO.