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Atlantic City showed a 4.2% boost in revenue for the month of December when compared to the same period last year, a positive sign for a battered gambling town.
The revenues of the coastal New Jersey city show the first growth in three and a half years, with $246.5 million being brought in by the city's 11 casinos. Slot machines brought in $174.1 million, up 8.3% from the same period last year. Table revenue was down 4.3% to $72.5 million.
David Rebuck, Director of the State Division of Gaming Enforcement said "The positive win results are an encouraging sign of economic recovery for Atlantic City casinos."
This has been the highest monthly percentage increase since December 2006," he added. "With the regulatory reforms in place and the upcoming opening of the Revel casino, we are hopeful that this positive trend will continue and reinvigorate the excitement that is part of Atlantic City and its casino venues."
For 2011 overall, Atlantic City took a 6.9% dip in revenues when compared to 2010. 2011 was the fifth straight year that Atlantic City's revenue has fallen. The gambling town is facing competition from neighboring states and the rough national economy.