Casino Closings Forced By Sandy May Lead To Record-Setting Decline In Revenues
ATLANTIC CITY, N.J. (AP) — Superstorm Sandy, which caused a record-setting decline in casino revenues in October, may have done the same thing in November.
The casinos closed on Oct. 28, the day before the storm hit, and began reopening Nov. 2. It wasn’t until Nov. 5 that all 12 casinos were back in operation. That led to a 19.9 percent decline in casino revenues in October, the largest monthly drop ever.
Figures due out Monday afternoon from the state Gaming Enforcement Division will show what the storm’s impact was in November.
The October decline barely surpassed the previous record-setting decline, which also was storm-related.
Tropical Storm Irene forced the casinos to close for three days in August 2011, causing a 19.8 percent revenue plunge.
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