Atlantic City casino revenue drops again in April

The city’s nine casinos recorded a 69 per cent year on year decline in revenues to US$82.6 million.

US.- Revenue from Atlantic City casinos was unsurprisingly down once again in April, with casinos forced to remain closed due to Covid-19 lockdown measures.

The city’s nine casinos recorded a 69 per cent year on year decline in revenues to US$82.6 million with online gambling accounting for all of the revenues generated.

In comparison, casinos recorded revenues of US$265.4million in April 2019.

The good news is that online gambling revenues were up 119 per cent when compared with the US$36.6million generated in April last year.

But with much of the country’s sports being out of action, sports betting contributed just $2.6million to April’s total.

Casinos in Atlantic City have been fighting the financial impact of lockdown measures for over a month with the like of Tropicana being forced to cut 2,700 jobs.