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Atlantic City Gambling Revenue Dips

Written by:

Associated Press

Published on:

Oct/10/2012

ATLANTIC CITY (Associated Press) — Revenue figures due to be released Wednesday afternoon will show how Atlantic City’s newest casino is faring six months since it opened.

The $2.4 billion Revel casino resort is off to a slow start, mired in 8th place out of the city’s 12 casinos in terms of money won from gamblers. But Revel insists its business model is less dependent on casino winnings than its competition and that it’s doing well in terms of non-gambling revenue.

So far, Revel has not been the catalyst that many in Atlantic City had hoped it would be growing the gambling market, which has been shrinking ever since 2007.

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