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Thursday, November 11, 2010

Declining Revenues

October casino revenue down 12.3 percent in NJ

Atlantic City's casinos took in 12.3 percent less from gamblers in October than they did a year ago.

Figures released Wednesday by the state Casino Control Commission showed nine of the 11 casinos reporting revenue declines.

The biggest decline was at the Showboat Casino Hotel, which was down 22.7 percent.

The city's top casino, the Borgata Hotel Casino & Spa, registered a slight decline of less than one half of one percent.

The Atlantic City Hilton Casino Resort was down 8.3 percent; Bally's Atlantic City was down 14.4 percent; and the Trump Taj Mahal Casino Resort was down 17.1 percent.

Trump Plaza Hotel and Casino was down 17.8 percent; Harrah's resort Atlantic City was down 18.3 percent; Resorts Atlantic City was down 19.1 percent; and Caesars Atlantic City was down 19.7 percent.


Ill. gambling revenue lowest in 10 years

SPRINGFIELD, Ill. — Revenue from legalized gambling in Illinois is the lowest it's been in 10 years.

...4.5 percent drop from the previous year.


What made anyone believe that budgets could be balanced on the backs of the poor?

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