Substantial annual drops in revenue Atlantic City casinos

New Jersey's Atlantic City casinos still struggling to pick up their performance

Atlantic City casinos suffered substantial annual drops in revenue in July

Famous for its flashing lights, poker tables and the Bruce Springsteen song of the same name, Atlantic City has been a hotbed for gambling in New Jersey for many years.

But despite its reputation, the city's casinos have fallen on hard times, and the state Division of Gaming Enforcement recently revealed that the casinos saw a 9.5 per cent annual drop in the amount won from gamblers during July.

And even though the recently opened Revel casino saw a jump in revenue generated by table games and slot machines - up from $14.9 million in June to $17.5 million in July - this was not enough to boost Atlantic City's fortunes.

As the area continues to struggle to produce a turnaround that could help it return to the profit making days seen in years gone by, much will depend on the willingness of gamblers to return to the Atlantic City resort and start splashing the cash.

Times Still Tough For Atlantic City Casinos