Atlantic City's losing streak continues

January 9, 2009 11:37:40 AM PST
Revenue at Atlantic City's 11 casinos took a record-breaking plunge last month - the final insult for a resort town that's still not used to losing streaks. It marked the second year in a row that revenues fell in a resort where they had done nothing but increase for 28 straight years since gambling was legalized here in 1978.

The casinos won $302 million from gamblers in December, down 18.7 percent from a year ago. That shattered the previous record for the biggest monthly decline of 15.1 percent, set in September.

For the year, Atlantic City's casinos won 7.6 percent less from gamblers than they had a year ago.

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