Atlantic City betting takes another dip in April

Atlantic City’s land casino market continued to suffer in April, stats from the New Jersey Division of Gaming Enforcement show, reporting a decline of 12.1 percent compared with a year ago.

The 12 gambling halls in the gambling enclave took in $228.5 million, with revenue from table games down 6 percent at $66.8 million, and slot machine revenue down 14.4 percent at $161.7 million.  That was due in part to the impact of a nearly 16 percent reduction in the amount of promotional credits that were wagered compared with the same month last year.

For the first four months of the year, Atlantic City’s casinos won $884.6 million, a decline of 12.1 percent from the first four months of 2012.

Only the Atlantic Club and Caesars Atlantic City posted gaming revenue increases, up 36.6 percent and 5.9 percent respectively, the former probably benefitting from the attention and $11 million paid in to its owners by Pokerstars-Rational Group in a now contested acquisition initiative .

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