First month of decline for Atlantic City in 2017

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ntic City’s streak of good luck has come to an end with its first monthly revenue decline of 2017 in April.

According to state gaming figures released by the New Jersey Division of Gaming Enforcement, the resort’s casino industry saw revenues drop by more than 3.6% during April compared with results published during the same time last year.

Whilst online gambling was up 22.6% to $20.8m, compared to the $16.9m April raked in the previous year. The overall industry gaming total win for the month was $212m compared with $215m the year before, totalling a 1.6% decrease.

Revenues rose by 5.8 over April 2017 if you only count for the seven casinos still standing. However, when you include the now shuttered Trump Taj Mahal, industry revenues fell 1.6%.

Casino Control Commissioner, Matthew Levinson comments: “Every one of the operating casinos won more at their slot machines last month than in April 2016, and every property that offers internet gambling reported healthy increases as well,”

“The win from table games declined last month, in large part because players were luckier this April than in last April. Swings like that have to be expected. It is, after all, gambling.

“One thing that is particularly heartening is that for the first four months of the year, revenue from slots, tables and internet each increased.”

Furthermore, the industry’s total revenues are up 3.8% for the first four months of 2017 in comparison to the same period a year-prior.

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