Atlantic City casinos take another dive in July

August 10, 2012 11:30:26 AM PDT
Atlantic City's newest casino has been making gains, but despite an improved July there was not nearly enough to keep the city's gambling industry as a whole from taking another hit.

New Jersey's Division of Gaming Enforcement announced Friday that the city's casinos won $308 million in July.

That's down 9.5 percent from July 2011 - a month that had an extra Friday and Saturday.

Some of the city's hopes for a turnaround have been pinned on the new Revel casino, which opened in April more slowly than many expected.

The new casino's gambling revenue grew to $17.5 million in July, an increase from $14.9 million from June. But the casino's revenue still ranks 8th in the city.