Atlantic City Gambling Revenue Continues To Plummet
July Gambling Revenue Down 6.5 Percent Since 2010
Macau’s gambling revenue is climbing and Las Vegas is more or less holding steady, but Atlantic City continues to see their numbers fall at a staggering rate. Revenue dropped to $340 million in July, roughly a 6.5 percent decrease when compared to July numbers in 2010.
The 11 Atlantic City casinos have been hit hard this calendar year, losing 6.9 percent in gambling revenue overall. The biggest culprit seems to be the increased gaming options in nearby states such as Pennsylvania, Delaware and New York.
Atlantic City reached it’s peak of $5.2 billion in gambling revenue in 2006, but has been steadily decreasing ever since. In 2010, the once popular gambling destination was only able to take in $3.57 billion.
New Jersey government officials are hoping to attract new operators to the city by improving infrastructure and loosening casino regulations.
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