AC casino revenue up in Dec.; 1st time in 3 1/2 years

AP News
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Posted: Jan 10, 2012 2:13 PM
AC casino revenue up in Dec.; 1st time in 3 1/2 years

Atlantic City's casinos posted a monthly revenue increase of 4.2 percent in December, marking the first time in 3 1/2 years they had done so.

The city's 11 casinos took in $246.5 million in December. Slot machine revenue was up 8.3 percent, to $174.1 million, while table game revenue decreased by 4.3 percent, to $72.5 million.

The last monthly increase in casino revenue came in August 2008.

For the year, though, Atlantic City's casinos won $3.3 billion, which is down 6.9 percent from 2010.

It marked the fifth year in a row that Atlantic City casino revenue has declined, hurt by competition from casinos in neighboring states, and the continuing economic uncertainty.