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Atlantic City Sees May Revenues Dip Again

The New Jersey Division of Gaming Enforcement has released May's 2012 revenue numbers for Atlantic City, showing a dip in revenues of 9.5% to $263 million.

The lower revenues is similar to the 10% drop that Atlantic City saw in April, and higher than the 5% that the coastal gambling city saw in March when compared with 2011.

The new Revel Casino resort brought in $13.9 million in May, which ranks 8th out of the town's 12 casinos.

The news is not all dismal however, as the DGE revealed first quarter results showing that the gross operating profit for all of Atlantic City's 12 casinos was up17% over the same period in 2011.

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