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12/13/2004

Atlantic City Casino Win Slips

Filed under: — David Folker @ 11:53 pm

ATLANTIC CITY, New Jersey � As reported by the Press of Atlantic City: “The splashy grand opening of a $280 million Las Vegas-style entertainment complex and the Thanksgiving Day holiday weekend weren’t enough to overcome what was generally a dreary month for the casino industry. ”

“Gambling revenue at Atlantic City’s 12 gaming halls dipped 1.1 percent to $375 million in November, according to figures released Friday by the state Casino Control Commission. ”

“Results were hurt by the vagaries of the calendar - there were two fewer weekend days than in November 2003 - and the lingering effects of a monthlong strike by 10,000 casino workers that ended Nov. 1. ”

“Noting the double-barrel impact of the strike and the soft calendar, one gaming analyst said he expected the month to be flat. ”

“�Borgata Hotel Casino & Spa, Resorts Atlantic City and Tropicana Casino and Resort were the lone standouts, each racking up double-digit increases in revenue for the month. Trump Taj Mahal Casino Resort eked out a fractional gain, but the rest of the properties were losers. ”

“�Taj Mahal was the only Trump property that was up in November, though just barely. The Taj’s revenue rose 0.1 percent to $41.3 million. Trump Marina Hotel Casino and Trump Plaza Hotel and Casino both were hurt by big declines in table-game revenue�”

Casino City Times (www.casinocitytimes.com)

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