Atlantic City casino revenue continues downward slide
After posting their biggest revenue decline in history in December, Atlantic City’s 11 casinos rebounded somewhat, but still posted a 9.4 percent decline from a year ago. The casinos won $321.4 million.AP Photo/Mel EvansThe Atlantic City casino skyline in a…
Related Casino News:
- Smoking ban for Atlantic City casinos delayed; Nevada casino goes smoke-free
- 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 shrinks again in Nov.
- Atlantic City casinos post biggest monthly revenue drop ever
- Casinos in Neighboring States Hurting Atlantic City Revenue
- Atlantic City Casino Revenue Tops $5 Billion
- 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%
- Detroit casino revenue dips 2.4 percent in September
Interesting gambling facts:
- Lotteries, along with their close derivative bingo, are the most popular kinds of gambling. The popularity of lottery games is not limited to state-run lotteries. Indian tribes run lotteries and illegal lotteries still exist.
- The famous banker J.P. Morgan once walked out of a Monte Carlo casino because the stakes were too low? At the time, the maximum wager was 12,000 francs and Morgan wanted it increased to 20,000 francs. When the casino manager refused to increase the limit, Morgan left the casino saying "12,000 francs! I have no time to lose such ridiculous amounts."
- Las Vegas in Nevada owes its success to the mobster Benjamin "Bugsy" Siegel who organized gaming and bookmaking operations for The Mob (the Mafia).
- In 1973, the Commission on the Review of National Policy toward Gambling was created to study gambling in the United States.
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