Aug 11, 2008 2:49 pm US/Eastern
July Offers No Relief For Atlantic City Casinos
ATLANTIC CITY, N.J. (AP) ―
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Revenues at Atlantic City casinos fell this summer.
CBS
Any hope for a turnaround at Atlantic City's casinos evaporated in the July heat.
Summer is usually a hot time for the 11 gambling halls, but not this year.
Revenues fell 6.6 percent this July compared to a year ago, increasing the likelihood that the city's industry will record its second consecutive down year.
The Casino Control Commission said the casinos took in $437.7 million in July. Revenues for slots machines fell 7.2 percent while table revenues fell 5.1 percent.
Over the first seven months of the year, casino revenues are running 6.1 percent behind the same period last year.
The revenue figures do not represent profit. It is the amount the casinos won after paying all bets.
(© 2009 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)
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