Atlantic City Sees Revenue Drop Again

With neighboring competition not giving them a break, Atlantic City’s casinos have seen yet another drop in revenue for the month of June. Trump Marina has come in last again this month, with Borgata bringing in the most. As far as the year before is concerned, many of them brought in less than the year before with Borgata, Caesars Palace, Harrah’s Marina, and both Trump Taj Mahal and Marina bringing in slightly more than the year before.

The difference between this year and last year is obviously the slot machines that have now invaded Pennsylvania. According to the Gaming Control Boards of PA and NJ, the millions of dollars in slot machine revenue that used to flow into NJ are now flowing into both, with some of the racetracks getting the lions share.

The Borgata showed an increase of 4.7% over last year, while Caesars showed an increase of 22% over last year. Then you have Trump’s Plaza that went down 13.9% and the A.C. Hilton which went down 10.1%. Meanwhile, Harrah’s Chester and Philadelphia Park are both bringing in more than $20 million a piece. Overall, PA slot machines have brought in more than $91 million, while AC slot machine revenue is down 19%.

There are no real numbers to compare how the slot machines will perform after their first initial year in PA, because they were not running last year they can’t tell if there is an increase or not. Some say it could simply be a matter of initial curiosity with the slot machine revenue evening out over time, but many think that this is probably not the case. Experts believe that many will end up going to the slot machines that are closest to them, which means AC could be looking at lower revenues from now on.
 

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