Casinos Make Big Comeback in August

As reported by the Press of Atlantic City: "Casinos rebounded from a three-day shutdown in July to post their second-highest monthly win in city history.

"The city's dozen casinos reported combined gaming revenue of $494.4 million in August, according to figures released by the state Casino Control Commission. That's a 4.5 percent increase from the same period last year, a commission news release said Monday.

"...The monthly total is the second highest in history, behind only July 2005, when casinos won $504.8 million, according to commission data.

"...The state government shutdown that forced casinos to close for three days caused monthly gaming revenue to drop for the first time this year and cost the industry an estimated $50 million to $55 million in winnings..."

2006-09-13