Atlantic City Revenue Down 12.5 Percent in February

Submitted by Associated Press on

Written by :

Associated Press

Published on :

(Associated Press) - Atlantic City's casinos took in 12.5 percent less from gamblers in February than they did a year ago.

Figures released Monday by the state Division of Gaming Enforcement show the city's 12 casinos took in $212.3 million.

The decline was helped by the fact that 2012 was a leap year in which February had 29 days, compared with the usual 28 this year.

Revel, the city's newest casino which will file a Chapter 11 bankruptcy petition this month, saw revenue rise to $9 million, up from $7.9 million in January.

February is traditionally one of the slowest months of the year in Atlantic City.

The state is hoping its legalization of Internet gambling, which could take effect by the end of this year, will provide new revenue and end the decline.

 

Related Content

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

'Pizza, Pizza': Little Caesars Takes Full Control of Atlantic City's Ocean Casino

Little Caesars Pizza parent company sets up a new gambling division.
Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino Parent Company Vows to Stay in Kentucky: 'We Have Lawfully Operated in the U.S. for More Than a Decade'

Chumba Casino parent company VGW tells Gambing911.com they have operated lawfully in the U.S. for over a decade and plan to continue doing so following Kentucky AG lawsuit.
Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

Kentucky AG Goes for the Trifecta Against Two Prediction Markets and Chumba Casino Parent

It's deja vu for the online gambling sector as Kentucky comes after companies once again
Atlanta Georgia Gambler Wins  $10.2M Jackpot at Westgate Las Vegas

Atlanta Georgia Gambler Wins $10.2M Jackpot at Westgate Las Vegas

Atlanta gambler was playing a mere three minutes when a $5 bet turned into $10.2 Million.