Declining Revenues.....

Although the Casinos continued to remove discretionary income from the local economies, they fail to fulfill the needs of governments that have become addicted to the revenues.

Sandy causes record drop in NJ casino revenues

  By Wayne Parry on December 10, 2012

 

ATLANTIC CITY, N.J. (AP) — Superstorm Sandy came ashore near Atlantic City in October, but in November the storm led to the biggest monthly drop in casino revenue in the city's 34-year history of legalized gambling.

Closures due to the storm sent Atlantic City's casino revenue plunging nearly 28 percent last month.
Every one of the city's 12 casinos reported declines, and four were down 42 percent or more for the month.

Slot revenue was ... down 27 percent, and table games revenue was ... down nearly 30 percent [from 2011]....

http://www.businessweek.com/ap/2012-12-10/sandy-causes-record-drop-in-nj-casino-revenues



Published: 12/11/2012

Toledo casino revenues still falling

Toledo casino revenues fell again in November, continuing a downward trend at the gambling site that opened in May.

Last month’s adjusted gross revenue at the Hollywood Casino Toledo....

Casino spokesman John McNamara said officials don’t discuss revenues and referred to recent comments by general manager Richard St. Jean, who said in November the casino expected revenues to drop as the novelty diminished, but that he expects an uptick next year as the casino expands its loyalty programs [Comps].

Revenue at Cleveland’s Horseshoe Casino also fell slightly in November.

http://www.toledoblade.com/local/2012/12/11/Toledo-casino-revenues-still-falling.html