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Casino revenues fall by 3.6 percent | Breaking News

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Casino revenues fall by 3.6 percent | Breaking News

ATLANTIC CITY — The resort’s casino industry saw revenues drop by more than 3.6 percent during April compared with a year ago, according to state gaming figures released Friday.

Casino revenue totaled $191 million compared with $198 million in April 2016, according to the figures.

Internet gaming grew by 23 percent. Revenues totaled about $21 million in April compared with $17 million a year ago.

The overall industry gaming total win for the month was $212 million compared with $215 million the year before, a 1.6 percent decrease.

“New Jersey online gambling has effectively become Atlantic City’s eighth casino, with the primary difference being online sites incentivize players to sample all of the state’s land-based gaming options,” said Robert DellaFave, senior analyst for internet gambling advocacy group PlayNJ.com.

The numbers include comparisons to when the shuttered Trump Taj Mahal Casino Resort was open.

Remove the Taj Mahal from the equation, and the industry fared better and was up about 6 percent in April from a year ago, according to state numbers.

“Every one of the operating casinos won more at their slot machines last month than in April 2016, and every property that offers internet gambling reported healthy increases as well,” said Matthew B. Levinson, chairman and CEO of the Casino Control Commission.

Table games did not fare as well as they did a year ago.

Levinson said luck has something to do with it: Gamblers were luckier in April, and the house didn’t win as much.

“Swings like that have to be expected. It is, after all, gambling,” Levinson said.

Read more http://news.google.com/news/url?sa=t&fd=R&ct2=us&usg=AFQjCNEQ5DEu0YPjJrv87Gy9OvR5Kc8wwA&clid=c3a7d30bb8a4878e06b80cf16b898331&cid=52779492202958&ei=RNYXWdDEGJWChgHVrYaIBA&url=http://www.pressofatlanticcity.com/news/breaking/casino-revenues-fall-by-percent/article_084a0e8f-2d61-581a-993f-1cf5641a6e72.html

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