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Atlantic City Has Bad January

The New Jersey Division of Gaming Enforcement has released the January numbers for Atlantic City, however the numbers are not encouraging for the city's 11 casinos.

According to the report:

  • Casino revenue was down 7.2% last month

  • The city's 11 casinos posted $236.9 million in revenue from slot machines and table games, down from $255.4 million last year. Slot revenues were about even with last year, but table games fell 20.2% to $72.2 million compared with last year.

  • The casinos hold percentage for table games was 14.8%, down from 16.6% during the same period last year.

  • There was one less Saturday in January, which may be a contributing factor to the decline in revenue.

  • Two casinos had increased revenues compared to the same period last year. Those casinos were the Golden Nugget Atlantic City, which was up 3.4% to $9.6 million and Resorts Casino Hotel, up 3.2% to just over $10 million.

  • The largest decline was ACH, which saw a 20.6% revenue plunge, to $7.8 million.

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