eye-3-yellow-3d-2-new-logo philly_kyw_new philly_94wip_new 35h_cbssportsrad_philly philly_wpht_new

Local

Atlantic City Casino Revenues Rise For First Time in 3½ Years

(File photo.  An Atlantic City casino.)

(File photo. An Atlantic City casino.)

David Madden David Madden
David Madden is a Philadelphia native with virtually a lifetime of...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

By David Madden

ATLANTIC CITY, N.J. (CBS) — For the first time in 3½ years, revenues are up at Atlantic City’s 11 casinos.

The last time the casino “win,” as it’s called, was up was in August 2008.

December’s increase of 4.2 percent was particularly important for where that increase occurred, according to Israel Posner, a gaming analyst at Richard Stockton College.

“The slot win was up over eight percent, which is huge — especially when you see that it’s consistent across all 11 properties across Atlantic City,” he tells KYW Newsradio.

Posner credits good weather last month paired with a slowly improving economy — although, he points out, one month does not a trend make.

What could really make a difference, he says, is the opening of the city’s 12th casino, Revel, set for this coming spring.

Latest CBS Philly News

Top Content On CBSPhilly

Follow

Get every new post delivered to your Inbox.

Join 31,936 other followers