December 11th, 2010 – by Glen Farmer<\/p>\n
In November, Atlantic City’s casinos reported a 13 percent decline in revenue over the month. The new Jersey Casino Control Commission released the information on December 10th, showing a decline to $261.7 million.<\/p>\n
Slot machine revenue dropped 12 percent from a year earlier, while table game proceeds declined 14 percent to $79.5 million.<\/p>\n
New Jersey has reported declines over the last three years.<\/p>\n
“The combined impact of the economy and increased competition continue to depress gaming revenues,” stated Commission Chairman Linda Kassekert in a statement. “People continue to spend time and money in Atlantic City, but they are looking or things other than just gaming.”<\/p>\n
Due to increased competition in the surrounding areas, particularly Pennsylvania, Atlantic City’s casinos have been losing ground in the market. Pennsylvania, West Virginia, and Maryland have all been taking gamers away from the Atlantic City market.<\/p>\n
A recent study has even found that gaming revenue in Atlantic City has been declining because people are spending less time and money within the casinos.<\/p>\n
Nevada’s gaming revenue had been falling, but has recently posted increases in revenue in the region. October’s figures have just been released, showing a significant increase in gaming revenue.<\/p>\n","protected":false},"excerpt":{"rendered":"
December 11th, 2010 – by Glen Farmer In November, Atlantic City’s casinos reported a 13 percent decline in revenue over the month. The new Jersey Casino Control Commission released the information on December 10th, showing a decline to $261.7 million. Slot machine revenue dropped 12 percent from a year earlier, while table game proceeds declined … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-183","post","type-post","status-publish","format-standard","hentry"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/posts\/183","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/comments?post=183"}],"version-history":[{"count":0,"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/posts\/183\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/media?parent=183"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/categories?post=183"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casinodepositreports.com\/casino-news\/wp-json\/wp\/v2\/tags?post=183"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}