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Atlantic City Has Another Bad Month In July

The New Jersey Division of Gaming Enforcement has released the gambling revenue numbers for Atlantic City in July, highlighting a drop of 9.5% compared to the same period last year.

The numbers show that no casino did better than they did during the same period last year. Slot revenue was down 8.9% and table games were down by 11%.

The Borgata Casino Hotel and Spa was down 16% from the same time last year, although this was attributed to a punter taking home $5 million over a single weekend last month.

For the year only two Atlantic City casinos are having a better 2012 than 2011. Those two casinos are the Golden Nugget, which is up more than $77 million for the year, and the Tropicana, which is seeing revenues up by 4.4%.

Analysts are predicting that August may be a bit more promising for the coastal New Jersey town, as last year casinos were forced to close because of Tropical Storm Irene.

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