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ATLANTIC CITY BETTING TAKES ANOTHER DIP IN APRIL
11th May, 2013 at 03:57:52
Land casino market down 12.1 percent
Atlantic City's land casino market continued to suffer in April, stats from the New Jersey Division of Gaming Enforcement show, reporting a decline of 12.1% compared with a year ago.
The 12 gambling halls in the gambling enclave took in $228.5 million, with revenue from table games down 6% at $66.8 million, and slot machine revenue down 14.4% at $161.7 million. That was due in part to the impact of a nearly 16% reduction in the amount of promotional credits that were wagered compared with the same month last year.
For the first four months of the year, Atlantic City's casinos won $884.6 million, a decline of 12.1% from the first four months of 2012.
Only the Atlantic Club and Caesars Atlantic City posted gaming revenue increases, up 36.6% and 5.9% respectively, the former probably benefitting from the attention and $11 million paid in to its owners by Pokerstars-Rational Group in a now contested acquisition initiative (see previous reports).
Related News Tags: Atlantic City, Pokerstars, New Jersey
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