May casino revenues to be eyed closely

June 10, 2009 7:45:34 AM PDT
May revenue figures from Atlantic City's 11 casinos will be closely scrutinized for any signs that their 2 1/2 year slump may be easing. While the numbers due out Wednesday afternoon are still expected to be down from last year, casino executives would be pleased with figures that are less bad than previous months.

Atlantic City is in the third year of a revenue decline that started soon after the first of many out-of-state slots parlors opened outside Philadelphia in November 2006.

Competition from racetrack slots in Pennsylvania and New York is draining loyal customers who can play closer to home.

Atlantic City casino revenue is down 15.7 percent so far this year.

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