Atlantic City March 2013 Revenues fall 10.5 percent

Thursday April 11, 2013 : ATLANTIC CITY MARCH NUMBERS DOWN AGAIN
 
Revenues at the 12 land casinos fall 10.5 percent
 
Year-on-year comparison of revenues at Atlantic City's 12 land casinos showed a continued decline in March 2013, dropping by an overall 10.5 percent.
 
The casinos took in $238.5 million last month. Of that total, nearly $173 million came from slot machines, down nearly 10 percent from March 2012, and $65.6 million came from table games, down nearly 13 percent from a year ago.
 
The official stats show that only one casino saw a revenue increase in March – the Atlantic Club, which is the subject of an acquisition attempt by online poker giant The Rational Group (see previous InfoPowa reports) was up nearly 33 percent to $12.6 million, with slot-machine revenue up by more than 36 percent to $11.2 million.
 
At the negative end of the scale, the Trump Plaza Hotel Casino performed the worst, with revenues down nearly 31 percent to $6.8 million. It was recently sold to a California company and will be rebranded once the new owners take over later this year.
 
Statisticians said that overall slot-machine revenue declined for the month due to a 20 percent slide – around $7.2 million – in the amount of promotional credits that customers wagered last month compared to the same period last year.
 
For the first three months of 2013, Atlantic City’s casinos won $656 million from gamblers, down more than 12 percent from the same period a year ago.