Atlantic City’s casino industry is sitting through one of the toughest storms ever. Although operators have continually looked to ‘the next month’ being the better month, nothing seems to be coming about. Revenue generated by slot machines and table games plunged 13.6 percent in June compared with the same month last year.
June is normally one of the busiest months for the casinos since it coincides with the holidays, but the recession and extra competition from Pennsylvania slots parlours in recent years have given tourists much more choice and less are heading to Atlantic City.
Overall, the 11 casinos took in $322.7 million in June. Slot winnings slipped 14.5 percent to $227.5 million, while revenue from table games decreased 11.3 percent to $95.3 million, according to figures released by the state Casino Control Commission. The fall makes 10 months straight of falling revenue for Atlantic city, with revenue down 15.3 percent, to $1.94 billion.
It clearly is not just a numbers game with the number heads in the casinos. Recession and just money pressures mean that the average customer now gambles less money that in previous years. Operators are now looking to new projects that will increase the number of tourists to the area and hope to make the most of the remaining summer months.