In the US, Atlantic City’s Division of Gaming Enforcement’s casino results for June have revealed a 12.6 per cent decline in revenue to $240.2m compared to the same month last year.
Overall, slot winnings were down 11 per cent to $179.1m, while table games revenue declined by 16 per cent to $61.1m. Atlantic City’s casinos had hoped for a June rebound, but in addition to a weak economy and increased competition from neighbouring states, an unfriendly calendar and soggy June also helped diminish AC’s casino results further.
The chairman of Morowitz Gaming Advisors, Cory Morowitz, said: “It’s certainly not encouraging. We’re still in this situation where Atlantic City is getting slammed by the competition. More important, what is happening in Atlantic City is also what we’re seeing uniformly across the US, except for the newer markets. It’s not just Atlantic City seeing these declines. It’s industrywide.”
