March revenue numbers sag again for N.J. casinos
Posted: 4:23 pm Tue, April 10, 2012
ATLANTIC CITY, N.J. — Mild weather and a new casino didn’t provide much help for Atlantic City’s casinos, whose revenue fell 5 percent last month.
Statistics released Tuesday by the state Division of Gaming Enforcement show that the 13 casinos took in $266.3 million in March, down $280.5 million from a year ago.
Table game revenue fell by 10.6 percent to $75.2 million, while slot machine revenue dropped 2.7 percent to $191.1 million. The data includes three limited-hour test days held at the state’s newest casino, Revel. The casino saw $162,982 in revenues during that period.
The Resorts Casino suffered the largest decline in March, with revenue down 27.6 percent, from $15.3 million to $11.1 million. The Trump Taj Mahal Casino Resort saw the largest increase, with revenue up 17.1 percent, from $24.6 million to $28.9 million.
Overall, casinos have won $746 million in this year’s first quarter, down 6 percent from the same period in 2011. Revenue from slot machines is down 2.4 percent over the first three months of 2012, while table game revenue is down 14 percent.
The Atlantic Club Casino saw the largest decline in the first quarter, down from $34.3 million to $25.7 million, or 25.1 percent. The Borgata Hotel Casino & Spa saw the largest increase in the first quarter, up from $151.9 million to $156.1 million, or 2.8 percent.
Casinos paid $20.1 million in taxes in March.
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