Atlantic City Casinos Continue Plunge In September

October 13th, 2010 – by Glen Farmer

The struggling casino industry of Atlantic City has once again faced a tremendous downfall. The industry has suffered another month of failure, with varying reasons all contributing to the declining revenue.

The main reason that is being cited against the Atlantic City Casinos is that of Pennsylvania’s burgeoning casino gambling industry. Pennsylvania’s slot parlors had proven successful, and the casinos truly began to attract players when table games had become a staple of each licensed casino.

Another incident that has caused Atlantic City trouble is a tropical storm Earl, which caused some concern over the otherwise lucrative Labor Day Weekend.

According to the New Jersey Casino Control Commission, the drop had been equal to 11.6 percent less than the previous year. In 2009, $335.4 million had been collected in casino revenue. In September 2010, only $296.3 million had been generated in revenue. The Resorts took the largest drop, a 20.9 percent dip in overall revenue for the month.

Resorts Atlantic City, which has taken the most significant blow, has also recently told employees to expect layoffs in the near future. By December, some casino employees could be without their jobs.

While New Jersey Online Casinos are currently allowing residents to join, these USA online gambling sites, as of yet, do not contribute taxes to the state.

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