In a time when many municipalities are facing layoffs, one south Jersey town is surviving thanks to money being generated from what was initially intended as a safety measure.
This time last year, Atlantic City’s 11 casinos had just completed their third straight rotten year, with revenue and market share plunging and no end in sight. A year later, the numbers are even worse.
Over 1,300 members large and small are seeing their own ledgers improving with 31% reporting higher revenues this year prompting higher profits, spending and hiring.
Atlantic City’s casinos took in 12.3 percent less from gamblers in October than they did a year ago.