Surviving Casinos See 19 Percent Revenue Increase in October
Atlantic City's casino revenue fell by 4.4 percent in October compared with a year ago, but when casinos that have recently shut down are excluded, the surviving casinos saw their revenue increase by more than 19 percent.
According to figures released Thursday, casinos took in $207 million compared to $216 million in October, 2013. Internet gambling brought in nearly $9.5 million in October, down from $10.2 million in September.
Matt Levinson, chairman of the state Casino Control Commission, said the figures show the surviving casinos are beginning to stabilize following the string of closings. He also touted non-gambling attractions and investments as evidence that Atlantic City is transitioning from a gambling resort to a more diversified one.
Tropicana posted the biggest increase in October, up nearly 71 percent compared with a year ago. Golden Nugget was up 67.3 percent. All in all, seven of eight casinos saw an increase -- the one exception being Trump Taj Mahal.
The Associated Press contributed to this report.