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Atlantic City's April Casino Win Up

3 May 2002

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "The city's casino industry racked up its sixth straight month of gross gaming revenue increases in April, when its `win' rose 3.2 percent compared to the year-earlier period.

"The dozen casinos won $362.9 million from gamblers, up $11.1 million, according to unofficial April results obtained Thursday by The Press of Atlantic City.

"… Casinos were hurt by having one less Sunday last month compared to April last year, but helped by having an easy comparison to the poor performance of a year ago.

"Revenue from slot machines, which accounts for three-fourths of the casinos' business and even more of their profits, increased 5.7 percent, to $271.7 million.

"…Table-games revenue declined 3.7 percent as gamblers wagered $33.3 million less than they did a year earlier.

"`Everybody's focusing on slots. Everybody's giving hotel rooms to slot customers. You can see that more and more and that's why the slot numbers are growing,' said Mark Brown, chief operating officer of Trump Hotels & Casino Resorts Inc.

"…Trump Taj Mahal led the city in revenue, with $46.9 million, and in percentage gain over last year, 12.1 percent.

"… Bally's finished second on the revenue list at $44.4 million, up 2.4 percent, followed by Caesars at $42.1 million, up 11.3 percent.

"Revenue declined 13.7 percent at Sands on sharply lower table volumes and worse luck compared to a year earlier…"

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