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Atlantic City Casino Win Slips

13 December 2004

ATLANTIC CITY, New Jersey – As reported by the Press of Atlantic City: "The splashy grand opening of a $280 million Las Vegas-style entertainment complex and the Thanksgiving Day holiday weekend weren't enough to overcome what was generally a dreary month for the casino industry.

"Gambling revenue at Atlantic City's 12 gaming halls dipped 1.1 percent to $375 million in November, according to figures released Friday by the state Casino Control Commission.

"Results were hurt by the vagaries of the calendar - there were two fewer weekend days than in November 2003 - and the lingering effects of a monthlong strike by 10,000 casino workers that ended Nov. 1.

"Noting the double-barrel impact of the strike and the soft calendar, one gaming analyst said he expected the month to be flat.

"…Borgata Hotel Casino & Spa, Resorts Atlantic City and Tropicana Casino and Resort were the lone standouts, each racking up double-digit increases in revenue for the month. Trump Taj Mahal Casino Resort eked out a fractional gain, but the rest of the properties were losers.

"…Taj Mahal was the only Trump property that was up in November, though just barely. The Taj's revenue rose 0.1 percent to $41.3 million. Trump Marina Hotel Casino and Trump Plaza Hotel and Casino both were hurt by big declines in table-game revenue…"

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