After over a year of terrifyingly rapid decline in income, Atlantic City casinos could also be nearing a bottom, as September saw the velocity of decline slow dramatically. Gambling income for last month was still down by 5.8 percent, but nothing just like the 16 percent experienced in August."You search for the silver lining," said Harrah's executive Don Marrandino. "The game's not over yet, that's for sure."
Mark Juliano, CEO of Trump Entertainment, said he hoped the brand new results were the primary signs of stabilizing the revenue tailspin.
"The real question is how long until we come again to the effects we saw in past years, that is the question everyone in every business has," said Juliano.
The three Trump casino resorts in Atlantic City fared worse than the common of the town's gambling resorts, with each reporting continued double-digit percentage drops in September.
The Borgata Casino, which has remained perhaps the healthiest of the brand new Jersey gaming spots, actually saw a 6 percent increase. Troubled Resorts Atlantic City, facing a shutdown, surprisingly had the second-best month with a gain of just below 4 percent.
Published on October 10, 2009 by JoshuaMcCarthy
Read More... [Source: Harrahs Casino News]
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