News From The Casino Scene

AC Casinos down 6% in 2013

AC Casinos down 6% in 2013

It's the time of the year when the New Jersey Division of Gaming Enforcement releases their annual reports on the state of Atlantic City's casinos and according to the figures for 2013, Atlantic City casinos have experienced a drop of 6% in revenues for a total of $2.86 billion which is lower than the $3 billion revenue generated in 2012.

This drop marks the seventh consecutive year of revenue decline for Atlantic City. It also marks the lowest annual total since 1989, when the casinos revenue reached similar figures of $2.80 billion. These figures then grew to $5.2 billion in 2006 only to decline year and year since then.

Of the $2.86 billion in revenue for 2013, $798 million was brought in by table games (down 7% compared to 2012) and slot machines generated $2.1 billion (down 6% compared to 2012).

In total, 9 of the 12 Atlantic City casinos have experienced revenue losses in comparison to the previous year. It has now also been confirmed that the Atlantic Club Casino Hotel has gone bankrupt, which leaves the boardwalk city with just 11 casinos instead of 12.

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