Casino revenue figures for November due out today - pressofAtlanticCity.com: Business

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Casino revenue figures for November due out today

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Posted: Monday, December 10, 2012 10:34 am

Atlantic City casino revenue numbers for November are expected to take a because of Hurricane Sandy.

The New Jersey Division of Gaming Enforcement is scheduled to release November’s revenue figures at 2 p.m. today.

The hurricane forced the casinos to shut down on Oct. 28 and they did not reopen until five to eight days later, costing them millions of dollars in lost business.

The 12 casino hotels suffered a 20 percent decline in revenue in October, the largest monthly drop in the city’s 34-year history of legalized gambling. The industry is bracing for what could be an even steeper decline in November amid Sandy’s lingering effects.

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