Atlantic City Casinos Suffer From Pennsylvania Table Games

In the first full month of table game operations at Pennsylvania casinos, Atlantic City saw even steeper losses in what should have been the best month of the year.

Revenue at the 11 casinos in the New Jersey gaming district fell more than 11% during the month of August although Atlantic City has been suffering for the past four years as neighboring states began adapting gambling offerings as a means to fill their own revenue gaps.

According to the latest reports Atlantic City casinos brought in a combined total of $347.5 million last month, down 11.3% from the $391.7 million made in the same period last year.

Meanwhile, Pennsylvania casinos saw a huge profit in just the first few short weeks of table game operations that launched in mid-July, and after a full month of operations they were likely behind the 11.4% drop in similar offerings in Atlantic City.

The constant decline in revenue and increasing competition has casino operators continuing to oppose slot machines at New Jersey racetracks as lawmakers ponder the future of the sport and the Governor proposes ending their state subsidy.