Report Reveals Decrease in All Atlantic City Casino Profits
New Jersey Division of Gaming Enforcement (NJDGE) revealed in a recent performance report that all Atlantic City casinos have experienced disappointing performances in terms of revenue in January 2012.
Based on the information in a press release, online casino profits in the month of January dropped to 7.3%. Furthermore, 11 casino establishments have only managed to accumulate an estimated $236.9 million in profits from their slots and table games this past January, notably lower revenue than last year’s $255.4 million.
It was found that while revenues for Atlantic City casinos were unchanging in terms of their slot game profits, which stayed at $164.7 million, the same could not be said for table games, which decreased to $72.2 million, an almost 20% decrease from last year. The government is hopeful that the casino profits will increase by as much as 4% if the winter weather continues to remain mild, as December 2011 saw an increase in the number of players who visited the casino due to good weather.