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Atlantic City faces hardships
 October 15, 2008, 5:44 am (3 years ago)According to the Philadelphia Inquirer, reporting depressive news regarding land gambling from Atlantic City, with incomes in September, 2008 off 15.1 % - the gambling city's biggest monthly fall in gaming income since the seashore resort started its 1st casino in 1978.
Numbers released yesterday by the New Jersey Casino Control Commission indicated the last things that operators need to face; losses due to slots competition from Pennsylvania casinos, a split Labor Day weekend, and a tropical storm. The outcome was a fall of 15.1 % when compared to incomes in September 2007. Casinos took in $356 million, compared with $419.4 million one year ago.
All 11 Atlantic City gambling halls reported income declines, from a 5.0 % drop at the Borgata Hotel Casino & Spa to 32.5 % at Resorts.
Dan Heneghan, spokesman for the state gaming commission, which rules the Atlantic City gambling market, explained that 3-day holiday weekends were usually profitable for the city's casino business and that Labour Day weekend is one of the largest for Atlantic City.
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