Casino revenue figures for 2009 expected to show worst decline ever
ATLANTIC CITY - Year-end revenue figures will be released today for the gaming industry - and they're not expected to be pretty.
This much is already known: Recession-ravaged 2009 will go down as the worst year ever for Atlantic City's casino hotels. It will also be the third straight year revenue has declined.
Revenue generated by slot machines and table games plunged 13.5 percent through the first 11 months of the year. December's results are expected to be similarly dismal, ensuring a double-digit annual revenue decline for the first time in the city's 31-year history of legalized gambling.
The New Jersey Casino Control Commission is scheduled to release the final figures for December and all of 2009 at 2 p.m. Check back here for updates on those figures.
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