Atlantic City suffers revenue downturn

2007-09-11 14:56:09

Atlantic City casinos saw their revenues drop by around six per cent in August as new establishments in Pennsylvania and Delaware increased their market share.

Trump Marina Hotel Casino, Tropicana, Resorts Atlantic City and the Showboat Casino-Hotel all saw their revenues drop by more than ten per cent in August.

Overall, the city's casinos won just over $465 million last month, down almost six per from August 2006, according to the state's gambling regulator.

"The trend continues to be disappointing overall," said Andrew Zarnett of Deutsche Bank in New York to the Philadelphia Inquirer.

"One would expect August to be a strong month given the local population at the Shore - and that being a peak time for Atlantic City historically."

Only Caesars, Harrah's Marina and Trump Taj Mahal reported revenue increases.