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Atlantic City Casinos Experience 8% Drop In 2012 Revenues

Casinos in Atlantic City, New Jersey experienced a rough 2012, bringing in $3.05 billion in revenues, a drop of 8% over what the casinos brought in during 2011 and down 41% from the industry's peak in 2006.

The New Jersey Division of Gaming Enforcement released the fiscal numbers, noting that in casinos in Atlantic City saw an 8.9% drop in revenues for the month of December when compared to the same period in 2011.

Atlantic City has seen decreases in revenues every year since 2006, when casinos brought in $5.2 billion in revenues. The numbers are even more depressing when you compare them to the Asian gaming destination Macau, which brought in $3.53 billion in December alone.

Competition from other states and natural weather events such as Super Storm Sandy are being blamed for the loss in revenues.

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