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Atlantic City casino revenue falls 5 percent in August

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Atlantic City casino revenue falls 5 percent in August

ATLANTIC CITY — Gaming revenues fell at five Atlantic City casinos in August, leading to an overall decline among the resort's eight remaining gambling halls last month. 

The casinos pulled in $258.6 million from slot machines, table games and online gambling in August, according to data released on Monday by the state Division of Gaming Enforcement. That's a 5 percent decline from the same month last year, when those eight casinos pulled in $272.3 million.

Officials noted that while all of Labor Day Weekend fell in September this year, most of the busy holiday weekend fell in August in 2014.

Matthew Levinson, chairman of the Casino Control Commission, noted that the numbers year to date paint a rosier picture. That data shows an overall increase of 3.2 percent among the eight remaining casinos.

"That is a positive," he said. "My hope is that continues throughout the entire winter."


ALSO: These photos show the rise and fall of the $2.4B Revel casino


Total revenue was down by more than 15 percent in August when including all of the casinos that were open at this time last year. Year to date, industry revenue has fallen by roughly 10 percent.

Four casinos closed in Atlantic City last year. The Atlantic Club was the first to fall in January followed by Showboat in August and then Revel and Trump Plaza in September. 

The dropoff in revenue in August comes after several months of gains among the surviving casinos, including a roughly 8 percent increase in July.

Caesars posted the steepest decline of 28.6 percent in August compared to the same month last year, followed by Trump Taj Mahal at 24.2 percent.

Golden Nugget, Resorts and Borgata, meanwhile, each saw revenues climb last month. Golden Nugget led the pack with a 27.8 percent increase in gaming revenues.

Erin O'Neill may be reached at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . Follow her on Twitter @LedgerErin. Find NJ.com on Facebook.

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNFBh-BpGH8S6iAUqSkdzIEknT7ALA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52778950655715&ei=w5f3VbDYB8WnhAHnl5jYCA&url=http://www.nj.com/atlantic/index.ssf/2015/09/atlantic_city_casino_revenue.html

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