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US – Atlantic City reports two consecutive months of increase

By - 3 January 2014

Gaming revenue in New Jersey has increased for two months running for the first time since 2006 with November’s takings up 27 per cent in Atlantic City.

The city’s 12 casinos generated US$224.7m in November 2013 compared to $176.6m last November, when the casino city was struggling in the aftermath of Hurricane Sandy.

Table revenue was up 20 per cent to $ 60.3m whilst slot revenue increased by 30 per cent to $164.4m.

November’s stats did not include any income from online gaming, which launched with soft play on November 21.

New Jersey Governor Chris Christie said 2014 was a crucial year for Atlantic City’s future. This is the fourth year of a five-year grace period Governor Christie has granted the east side seaside resort before considering allowing casinos in other parts of the state such as Meadowlands sports complex in northern New Jersey.

“It’s obviously a critical year because we need to begin to see progress in Atlantic City or we’re going to start considering alternatives. It’s a year when we have to show some significant results,” Governor Christie said.

However the New Year began with an announcement that the Atlantic Club Casino Hotel will close on January 13. As a takedown in a bankruptcy court, the casino will be stripped down with Tropicana Entertainment taking its slot quota, table games and customer lists, while Caesars will take over the non-gaming assets including the property and its 801-room hotel. Neither wants to reopen the casino in the struggling Atlantic City market.

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