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Atlantic City Casinos' Losing Streak Broken

5 June 2001

ATLANTIC CITY, New Jersey – June 5, 2001 –As reported by Atlantic City PressPlus: "The casino industry broke its three-month losing streak in May, reporting a 1.5 percent increase in gross gambling revenue for the month.

"The dozen casinos won $368.1 million from gamblers in May, $5.3 million more than the same month last year, according to unofficial results obtained by The Press of Atlantic City.

"…Citywide, casino revenue through the first five months was $1.7 billion, 0.7 percent behind last year's pace.

"…Citywide slot-machine revenue, which accounts for nearly three-quarters of the casinos' business, increased 1.6 percent to $269.6 million.

"Table-games revenue increased 1.2 percent to $98.4 million, helped by better luck. Casinos kept 15.5 percent of the money exchanged into gaming chips compared to 15 percent the same month last year.

"A big swing of good luck helped Trump Taj Mahal Casino Resort lead the pack in overall revenue, up 20.9 percent to $47.2 million. It "held" 19.3 percent at the gaming tables compared to 10.4 percent last year.

"…The other Trump casinos also did better than the industry as a whole. Revenue at Trump Marina Hotel Casino, which reported a big boost in slot business, improved 5.8 percent to $23.5 million. Trump Plaza Hotel and Casino reported a revenue gain of 1.9 percent, to $28.1 million.

"…The Atlantic City Hilton Casino Resort, helped by good luck at the tables and a guaranteed-win promotion for new slot players, reported an 11 percent increase in casino revenue to $30.7 million.

"Revenue increased 5.2 percent to $32.3 million at Showboat, which is showing signs that it might emerge from a flat five-year period.

"…Caesars Atlantic City reported the biggest revenue decline, down 10.6 percent, due to worse luck at the tables and less slot business…"

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