The economic crash in Atlantic City has seemed to bottom out at least for the casinos, as revenues for the rest of the gambling resorts are 3.1 percent higher than these people were at this time final year.
Atlantic City casinos could have finally weathered the storm and begun to stabilize the gambling industry for the eight resorts that are remaining. After a decade of decreasing revenues because of America’s Great Recession and neighboring states pushing gambling legislation in response to abating tax bases, Atlantic City has did actually reach a new norm.
Lower than 2 yrs after one-fourth of its casinos went out of business, profits for Atlantic City reduced only marginally in March. The region’s casino win totaled $187,463,591 for the 1.7 percent loss, though when online gambling is included Atlantic City fell just 0.4 percent.
Traditional dining table video gaming had been the worst performer in March as casinos reported a 5.9 percent drop on supposedly higher win rates. The decline was offset by online video gaming, which rose an astonishing 17.8 % during the month.
Calm After the Storm
Although the local government in Atlantic City is broke and presently engaged in a bitter debate with Governor Chris Christie (R) and State Senate President Stephen Sweeney (D) over who is better to manage the city’s data recovery, 2016 is off to a good start for the casinos.
Gambling wins in January, Fe Continue reading “Atlantic City Casino Revenue Shows Signs of Stabilizing, Online Gambling Thriving”