Atlantic City casino revenue down 8 percent in 2012 - New York News

Atlantic City casino revenue down 8 percent in 2012

Posted: Updated:
© AP © AP

By WAYNE PARRY | AP

ATLANTIC CITY, N.J. (AP) -- Revenue at Atlantic City's casinos fell 8 percent in 2012, to just over $3 billion. It was the sixth straight annual decline.

The all-time high for Atlantic City came in 2006, when the casinos raked in $5.2 billion.

So far, the addition of Revel, Atlantic City's 12th casino, has not helped grow the market. It opened in April but has been stuck near the bottom of the city's casinos in terms of revenue.

Casinos in Pennsylvania triggered the decline in New Jersey in 2007. It was worsened by the national financial collapse and an unsteady recovery. 

December revenue figures showed a slow rebound from Superstorm Sandy. The casinos won $223.5 million for the month, a decline of nearly 9 percent from December 2011. But it was a great improvement from November, which saw the biggest monthly decline ever.

  • Your MoneyMore>>

  • Conference call: your bathroom break

    Conference call: your bathroom break

    We asked several people what they do when they are on a conference call. Most of them answered: "The bathroom." Yes, according to a survey conducted by InterCall, 47 percent of 500 people admitted to taking a conference call from the bathroom.
    We asked several people what they do when they are on a conference call. Most of them answered: "The bathroom." Yes, according to a survey conducted by InterCall, 47 percent of 500 people admitted to taking a conference call from the bathroom.
  • Monitoring your kids' driving in real time

    Monitoring your kids' driving in real time

    Wednesday, August 27 2014 10:46 PM EDT2014-08-28 02:46:07 GMT
    Many new Ford and GM cars have built-in technology that allows you to monitor speed, signaling, and navigation when your child is driving. But when it comes to this type of digital snooping, teens and their parents often have differing opinions. Kids may call it an invasion of privacy. Most parents, of course, will likely feel otherwise.
    Many new Ford and GM cars have built-in technology that allows you to monitor speed, signaling, and navigation when your child is driving. But when it comes to this type of digital snooping, teens and their parents often have differing opinions. Kids may call it an invasion of privacy. Most parents, of course, will likely feel otherwise.
  • Glamsquad app

    Hair and makeup house call

    Hair and makeup house call

    Tuesday, August 26 2014 10:27 PM EDT2014-08-27 02:27:35 GMT
    A new app is bringing the star treatment to the masses. Glamsquad delivers a hair and makeup artist to your doorstep.I invited them over to my place. Kelly did my makeup and Erin styled my mane. They helped me select a look from examples on the app and they encouraged me to tweak the looks to fit my style.
    A new app is bringing the star treatment to the masses. Glamsquad delivers a hair and makeup artist to your doorstep.I invited them over to my place. Kelly did my makeup and Erin styled my mane. They helped me select a look from examples on the app and they encouraged me to tweak the looks to fit my style.
  • New Jersey NewsNew Jersey NewsMore>>

  • Revel closing, but property fight goes on

    Revel closing, but property fight goes on

    Thursday, August 28 2014 9:34 PM EDT2014-08-29 01:34:07 GMT
    A casino piano tuner in Atlantic City is fighting the state's attempt to seize his late parents' house as part of a redevelopment project connected to the closing Revel Hotel Casino. Charlie Birnbaum says the house in the shadow of the failed casino was his father's livelihood. He says he is attached to the home, even though his mother was killed there in 1998.
    A casino piano tuner in Atlantic City is fighting the state's attempt to seize his late parents' house as part of a redevelopment project connected to the closing Revel Hotel Casino. Charlie Birnbaum says the house in the shadow of the failed casino was his father's livelihood. He says he is attached to the home, even though his mother was killed there in 1998.
  • Missing NJ man found dead in Israeli forest

    Missing NJ man found dead in Israeli forest

    Thursday, August 28 2014 4:33 PM EDT2014-08-28 20:33:49 GMT
    The body of a missing New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week has been found. Aaron Sofer, 23, of Lakewood, N.J., had been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest and the two became separated, said police spokesman Micky Rosenfeld.
    The body of a missing New Jersey religious student who disappeared during a hike in a forest outside Jerusalem last week has been found. Aaron Sofer, 23, of Lakewood, N.J., had been missing since Friday, when he went on a hike with a friend in the Jerusalem Forest and the two became separated, said police spokesman Micky Rosenfeld.
  • Bergen County sheriff delays deployment of military vehicles

    Bergen County sheriff delays deployment of military vehicles

    Thursday, August 28 2014 3:22 PM EDT2014-08-28 19:22:51 GMT
    A northern New Jersey sheriff has delayed deployment of armored vehicles that are being acquired through a federal military surplus program. In a statement, Bergen County Sheriff Michael Saudino announced Thursday he is taking the action after the U.S. attorney general and state attorney general decided to review the program in the wake of police response to civil unrest that followed a police shooting in Ferguson, Missouri.
    A northern New Jersey sheriff has delayed deployment of armored vehicles that are being acquired through a federal military surplus program. In a statement, Bergen County Sheriff Michael Saudino announced Thursday he is taking the action after the U.S. attorney general and state attorney general decided to review the program in the wake of police response to civil unrest that followed a police shooting in Ferguson, Missouri.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices