Atlantic City’s casino revenue fell below $3 billion last year for the first time in 22 years, as increasing competition in the northeastern U.S. continued to shrink the market.
Casino revenues in Atlantic City were up last month, although the numbers could be seen by some as a little misleading.
The city’s 12 casinos took in $298.1 million, down 4.8 percent from August 2012.
Revenues at Atlantic City’s 11 casinos are down again for the month of February but not by much.
The chairman of the Gaming Control Board says, despite lagging slots revenue, he believes the SugarHouse casino will eventually realize its potential – although it may take some time.