Atlantic City woes continue in April

May 13, 2008 7:00 PM

Staff & Wire Reports |

What is sounding like a broken record, casinos in Atlantic City once again reported gaming revenues declined in April to $365.5 million, a 7.9 percent slide from a year ago.

Of the total, slot machine revenue was $259.3 million, down 8.8 percent, while table game revenue declined 5.5 percent to $106.2 million.

Only one Atlantic City casino, Harrah’s Resort, had an increase in April, up 2.7 percent to $43.3 million.

Experts said that, not only has the slumping economy had an effect, but Atlantic City casinos are still feeling the effects of gaming competition in nearby states and a recently-enacted smoking ban.

"I wish I had more optimistic things to day," said Scott Barber, Harrah’s senior vice president and general manager. "As gas prices creep up … I don’t know if there’s any light at the end of the tunnel anytime soon."

The Showboat Casino posted the biggest decline at 18.2 percent.

The Trump Taj Mahal and Atlantic City Hilton each took a beating; both were down 15.2 percent in April. Mark Juliano, CEO of Trump Entertainment, attributed much of the problem to bad luck at the tables, where players walked away with more winnings than usual for the month.

Other big users included Caesars Atlantic City (down 11.7 percent); Bally’s (down 10.5 percent); and Resorts Atlantic City (down 7.2 percent).

The Tropicana Casino was down 5.3 percent, and the Borgata was down 2.6 percent. The two remaining Trump casinos were essentially flat in April.

For the first four months of the year, Atlantic City’s casinos won $1.5 billion, down 6.7 percent from the same period in 2007.