Atlantic City casino revenue drops again in April

Casino revenue in Atlantic City fell dramatically in April.
Casino revenue in Atlantic City fell dramatically 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.

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