Wednesday, December 10, 2008

Atlantic City Nov Gaming Revenue Falls 7.8%; Las Vegas Strip Oct Gaming Revenue Falls 25.8%

Feather News

The two largest gaming spots in the U.S. continue to report declines in business. Casinos in Atlantic City reported a drop of 7.8 percent in gaming revenue during the month of November while Las Vegas strip casinos reported a 25.8 percent decline in gaming revenue for the month of October when compared to the same month last year.

The casinos in Las Vegas, and the rest of Nevada, trail New Jersey by one month in their reporting casino results.

In addition to the nation's economic conditions, Las Vegas is also being hampered by less airline flights going into that city.

Two of Atlantic City's 11 casinos reported gains in their November gaming revenue: Harrah's Resort Atlantic City increased 9.4 percent and Caesars Atlantic City increased 8.5 percent.