NJ casinos end 4th straight bad year, down 9.6 pct

January 10, 2011 12:10:40 PM PST
Casinos in Atlantic City, N.J., wrapped up their fourth straight rotten year with a 9.6 percent revenue decline.

Year-end figures released Monday by the New Jersey Casino Control Commission show the 11 casinos in the nation's second-largest gambling market have lost nearly a third of their business over the past four years, falling from $5.2 billion in 2006 to $3.6 billion last year.

The main culprits are newer casinos in neighboring states and the continuing poor economy.

Every casino in the city was down for the year, ranging from 4.2 percent at the Tropicana Casino and Resort to 19 percent at Resorts Atlantic City.

In 2010, slot revenue was down 9 percent to $2.48 billion, while table games revenue fell 10.9 percent to $1.09 billion.

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