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Atlantic City stops declining trend

11 March 2008

ATLANTIC CITY, New Jersey -- As reported by the South Jersey Courier Post: "After 10 months of year over year declines, the casino industry here eeked out a small vistory in February. The gaming halls won $384.1 million, a 1.5 percent increase over the same month a year ago, according to figures reported to the New Jersey Casino Control Commission today.

"The industry took in $264.6 million at the slot machines and another $119.5 million at table games in February. Slot revenue increased by 0.1 percent while table revenues increased 4.9 percent.

"For much of last year - and into Janurary - slot revenue got hammered as a result of competition from slot parlors in Pennsylvania and New York.

The victory is a minor one, related more to same site comparisons and an extra day in the calendar. By February 2007, Philadelphia Park and Harrah's Chester were open for business. Still, if similar numbers come in subsequent months, it means competition has stopped draining business away..."

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