Atlantic City Casino Revenue Tops $5 Billion
LOS ANGELES, California As reported by Reuters: “Atlantic City casino gambling revenue rose 7.3 percent in December, sending the 2005 total over the $5 billion mark for the first time, the New Jersey Casino Control Commission said on Tuesday.
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- Atlantic City casino revenue loss back to double digits in November
- Atlantic City parking lots bringing in less revenue
- Atlantic City casinos revenue was down 15 percent during N.J. snow storms
- Atlantic City casino revenue continues downward slide
- Atlantic City casino revenue shrinks again in Nov.
- Atlantic City casinos post biggest monthly revenue drop ever
- Casinos in Neighboring States Hurting Atlantic City Revenue
- Atlantic City casinos likely had biggest decline ever in September
- Atlantic City casinos may have had biggest ever revenue drop in September
- Sept. casino revenue down 5.8%
- W.Va. tops states in gambling revenue growth
Gambling casinos history:
- In 1857, Prince Charles III of Monaco decided to introduce gambling to his Mediterranean principality to boost its finances.
- In 1891, Sittman and Pitt of Brooklyn began to manufacture the first nationally known poker card machines. The machines maintained their enormous popularity until just before World War I.
- Las Vegas is a testament of the powerful ability of gambling to foster economic development. Because of gambling, Las Vegas has shown impressive job growth, developed into a major city with a low tax burden that many state and local governments look at with envy.
- The age of electronic games began in 1964 with the Nevada Electronic's solid state "21" machines. The most successful of these was the Dale Electronics' Poker-Matic, which could be found in most Nevada casinos.
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