A.C. casinos
post 4.5% gain

Sep 19, 2006 3:45 AM

Casinos in Atlantic City won 4.5 percent more money from gamblers in August compared with a year earlier, the state’s Casino Control Commission said last week.

Casinos’ gambling win totaled $494.4 million during the month, regulators said.

The 12 casinos in the second-largest U.S. gambling market saw their slot machine revenue increase 3.4 percent to $363.5 million, while table game winnings rose 7.9 percent to $130.9 million.

For the first eight months of 2006, casinos won $3.5 billion from gamblers, up 4.1 percent over the same period last year.

Atlantic City casinos are trying to transform the seaside resort into an entertainment destination like Las Vegas, adding hotel rooms, shopping and dining to a mix still dominated by gambling.

Several casino companies, including Harrah’s, Trump and Boyd/MGM Mirage are upgrading their properties in the city.

In addition, the Sands has been sold and is expected to leveled to make way for a sprawling, Las Vegas-like destination resort.