04/11/2012 : DISMAL MARCH FOR ATLANTIC CITY
Land gambling revenues fell 5 percent
New Jersey's Atlantic City land casinos took another drubbing in March 2012, with gambling revenues dipping another 5 percent, according to figures released Tuesday by the state Division of Gaming Enforcement.
The twelve AC casinos took in $266.3 million in March, down $280.5 million from a year ago.
Table game revenue fell by 10.6 percent to $75.2 million, while slot machine revenue dropped 2.7 percent to $191.1 million. The data includes three limited-hour test days held at the state's newest casino, Revel. The casino saw $162,982 in revenues during that period.
The Resorts Casino suffered the largest decline in March, with revenue down 27.6 percent, from $15.3 million to $11.1 million. The Trump Taj Mahal Casino Resort saw the largest increase, with revenue up 17.1 percent, from $24.6 million to $28.9 million.
Overall, casinos have won $746 million in this year's first quarter, down 6 percent from the same period in 2011. Revenue from slot machines is down 2.4 percent over the first three months of 2012, while table game revenue is down 14 percent.
The casinos paid $20.1 million in state taxes in March.