Nov 10, 2009 3:00 pm US/Eastern
Revenue Decline Slower For AC Casinos
ATLANTIC CITY, N.J (CBS) ―
Maybe this is what the "new normal" is going to be for Atlantic City's 11 casinos.
The revenue plunge that has battered nation's second-largest gambling market for the past three years seems to be slowing, but casinos are still winning less than what they did before slots parlors started popping up in Pennsylvania and New York.
October revenue figures were down 6.5 percent compared to a year ago. That's only slightly worse than the September figures, which showed a 5.8 percent decline.
For October, the casinos won just over $335 million. Slots revenue accounted for nearly $232 million, table games the rest.
But the respite could be brief. Delaware's casinos will soon offer table games, and Pennsylvania has similar plans.
Atlantic City is part of New Jersey's New Jersey's Second Congressional District, which includes Atlantic County, Cape May County, Cumberland County and Salem County and portions of Burlington County, Camden County and Gloucester County.
(© 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 This material may not be published, broadcast, rewritten, or redistributed.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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