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AC casino revenue below $3B; 1st time in 22 years

Local News | Jan 15, 2014

AC casino revenue below $3B; 1st time in 22 years

ATLANTIC CITY, N.J. (AP) — Atlantic City’s casino revenue has fallen below $3 billion for the first time in 22 years, as increasing competition in the northeastern U.S. continues to shrink the market.

Figures released Tuesday by the state Division of Gaming Enforcement show the city’s casinos won $2.86 billion in 2013, down from just over $3 billion in 2012.

The figures also show New Jersey’s fledgling Internet gambling industry being dominated by two main players: the Borgata Hotel Casino & Spa, and Caesars Interactive, which together won $6.1 million of the $8.4 million that was taken in by the state’s Jersey Internet gambling sites over the year’s final five weeks.

Revel Casino Hotel posted the biggest annual revenue gain, at nearly 27 percent, but that was mainly because it did so poorly a year earlier.