June marked a drop in Atlantic City’s revenues
New Jersey’s gaming hub had experienced a continued growth on its casino incomes earlier this year.
US.- Atlantic City’s casinos announced a slight decline in their operations last June. In comparison with the same month in 2015, the city perceived 1.2 percent less revenues this year. The Taj Mahal Casino, facing a big feud with its employers, was the only casino of the city that increased its revenues 13.2 percent.
Whilst the casino workers union has started several strikes in July, the companies released the results of June’s incomes. The eight casinos achieved US$216.5 million, contributing to the US$1.25 billion generated the first six months of 2016.
The total amount reached so far represents a 2.5 percent of increment in comparison with the first semester of last year. “It is encouraging to see that casino revenue is up 2.5 percent for the first half of the year even though the industry had a weak June. Internet revenue continued to surge last month … but it wasn’t enough to offset declines at the tables and slot machines in Atlantic City. There is so much to see and do in Atlantic City, but we need to do a better job letting people know about everything the city has to offer,” commented Matthew Levinson, chairman of the Casino Control Commission.
