Another June swoon for Atlantic City casinos

July 10, 2008 1:35:09 PM PDT
A June swoon at the resort's 11 casinos could be evidence that Atlantic City is heading for a second straight down year in terms of revenue. The gambling halls took in $373.6 million in June, an 11 percent decrease over the same month a year ago.

Slot revenue was down 12.2 percent to $266.2 million, and revenue from table games was down 8 percent to $107.4 million. Experts say the size of the decline may be too steep to be offset by July and August crowds - traditionally the busiest months of the year in Atlantic City.

Challenges facing Atlantic City casinos include the expansion of gambling halls in Connecticut, continued competition from Pennsylvania slots parlors, high gas prices, and a partial smoking ban that will become a total ban in September.