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Atlantic City Revenue Up for June

3 July 2003

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: “In the final month before Borgata Hotel Casino & Spa alters the performance of perhaps every casino in town for months to come, the gaming industry reported a 2.6 percent gain in June gross gambling revenue.

“The 11 casinos won $382.5 million from gamblers, an increase of $9.8 million over the same month last year, according to unofficial results obtained Wednesday by The Press of Atlantic City.

“…Lady Luck helped the casinos overcome a sluggish June at the slot machines. Casinos won 16.8 percent of the money wagered at the tables, compared to a more typical 15.4 percent a year earlier. That helped table-games revenue increase 7.2 percent, to $97.5 million, despite lower wagering volumes.

“Revenue from slot machines, which accounts for three-fourths of the casinos' business, increased 1.2 percent to $285 million.

“…Showboat Casino-Hotel led the list of six casinos that reported revenue gains for the month. Showboat's new 544-room hotel tower helped boost gambling business by 9.2 percent for the month…”

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