Atlantic City’s casino industry suffered a 6 percent decline in February with one fewer casino in the marketplace.
The 11 casinos that have continued in operation brought in $199 million last month, a 1.5 percent decline from the $202 million they saw in February 2013. With the Atlantic Club Casino Hotel factored into equations, however, the decline increases to 6 percent. All 12 casinos in operation in February 2013 saw $212 million.
Overall, table games across the resort decreased by nearly 11 percent to $60 million. Slot win decreased 4 percent to $139 million.
Atlantic Club shut its doors in January following a sale at bankruptcy auction. By February, however, it appeared some resort properties were making strides toward attracting former Atlantic Club players to their properties.
Neary half of Atlantic City’s remaining casinos saw gambling revenue increases. Golden Nugget Atlantic City led the pack with a 26 percent gambling revenue increase, bringing the casino’s win to $12.6 million in February.
Revel Casino-Hotel and Tropicana Casino and Resort both followed with nearly 21 percent increases. Resorts Casino Hotel and Caesars Atlantic City also saw increases.
Trump Entertainment’s Atlantic City properties suffered the most significant hit, each with 25 percent declines in gambling revenue. Trump Taj Mahal, which performs far better than Trump Plaza, dropped to about $15.7 million in February compared with $21 million a year before. Meanwhile, Trump Plaza, the worst-performing Atlantic City casino, fell to $4 million in gambling revenue, down from $5.2 million a year ago.
Contact Jennifer Bogdan:
@ACPressJennifer on Twitter