ATLANTIC CITY - Casino revenue plunged by double digits in January as snowstorms and the sluggish economy kept many gamblers away from Atlantic City.
Overall, the 11 casino hotels took in $255.4 million in revenue from the slot machines and table games, a 13 percent decline from January of 2010, the New Jersey Casino Control Commission reported Thursday.
Analysts blamed snowy weather, the fragile economy and competition from the Pennsylvania casinos for driving down Atlantic City's revenue for the 29th month in a row. August 2008 was the last time Atlantic City had a monthly revenue increase.
On top of everything else, even the calendar proved unfriendly in January. This January had one fewer Friday than last year, depriving the casinos of an extra money-making weekend.