AC Sees Drop in Revenue

It is no secret that the casinos have been having a hard time of it lately, trying to keep revenues up while the economy has been sinking. There has been a lot of speculation and the numbers to back it up, that a lot of the land based casino business has been traveling to the online casino industry instead.

Many feel that they can play slot machines online for a lot less money, and they win more often. This, coupled with the economy, has made things difficult for casinos all over the world. Now it is hitting Atlantic City, NJ.

According to the state’s Casino Control Commission, Atlantic City’s casinos have seen a 9.9% drop in their revenue in October – based upon their numbers from a year ago. The casinos have seen their slot machines standing empty at a time when usually they are humming.

Revenue is down to $346.2 million, which is down from last year as well as previous months. There was a 15.1% drop in September which is the highest drop they have seen in the 30 years that the slot machines have been running in town.

The slot machines are always the biggest revenue source for the casinos, and they are just not performing up to par. The amount of “win” from the slot machines was only $235.9 million, proving once again that they are not bringing in the money they should as many have now turned to the online slot machines instead.

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