News From The Casino Scene

Revenues of Atlantic City casinos drop 45 percent

Revenues of Atlantic City casinos drop 45 percent

During the second quarter of 2013, 12 casinos in Atlantic City experienced a drop in revenues of 45 percent, according to state regulators. Figures showed that the casinos made just over $65 million in profits during this period when last year, the casinos made nearly $118 during the same period.

Figures released by the State Division of Gaming Enforcement, showed that Tropicana Casino's profits increased 28 percent to $12.6 million; Caesars Atlantic City increased from $20.6 million last year to $24.2 million this year while four of the 12 casinos experienced losses in April, May and June.

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