Revel reveals revenue reversal in September - New York News

Revel reveals revenue reversal in September

Photo courtesy Revel Entertainment Photo courtesy Revel Entertainment

By WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) - Revel is going in reverse.

Atlantic City's newest casino won less money from gamblers in September than it did in August. The six-month-old casino resort won $16.8 million last month, down from $20 million in August.

Atlantic City's 12 casinos collectively saw their September revenue fall by 6.3% to $276 million, compared with a year ago.

So far, Revel has not been the catalyst that many in Atlantic City had hoped it would be in growing the gambling market, which has been shrinking ever since 2007.

For the first nine months of the year, casinos won $2.4 billion which is down 4.8% from the same period in 2011.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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