Atlantic City is Feeling the Crunch

Many of Atlantic City’s customers are switching to a new slot machine, and it is starting to hurt their bottom line. Ever since Pennsylvania decided to legalize slot machines, AC knew that this day would come, and it finally has. More and more of their previous customers are making the choice to go to a PA slot machine casino instead of going all the way to AC.

January gaming revenues were down by 2.9%, with the casinos winning just under $395 million. Slot machine revenue was down by 7.2% and table games rose 8.2% - so now they know what is still pulling them in. PA decided against the legalization of table games with their slot machines, and many feel it may have been a poor choice.

The table games are obviously what is still bringing Pennsylvanian’s to the AC shore. The PA casinos say that they are not overly concerned as they knew that the table games would be a factor, but they concentrated on taking some slot machine business from them, and they expect to keep seeing AC’s numbers drop.

Some casinos did not see a drop in their numbers. The Hilton, Resorts, Harrah’s and Trump Marina all saw their slot machine numbers go up; while the Borgata, Caesars, Showboat and Trump Plaza had record months at the tables.

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