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Atlantic City Casinos November Win Up

5 December 2001

ATLANTIC CITY, New Jersey – Dec. 4, 2001 – As reported by (Atlantic City) Press Plus: "It appears that the local casino industry will finish the year on an upswing after a difficult first 10 months.

"The dozen casinos won $343.5 million from gamblers in November, a 2 percent increase compared to the same month last year, according to unofficial figures obtained by The Press of Atlantic City.

"The amount was a November record for the industry, outstripping last year's result by $6.8 million.

"…The industry has not reported successive months of revenue growth since October-November last year.

"…Barring a miracle this month, however, the industry will finish with the first annual revenue decline in its 23-year history. Citywide casino revenue through 11 months was $3.96 billion, which was 1.2 percent, or $47.2 million, behind last year's pace.

"Slot-machine revenue, which accounts for nearly three-quarters of the industry's business, increased 5.3 percent, to $252.9 million, in November. It was the industry's best monthly increase this year.

"Table-games revenue, however, decreased 6.2 percent, to $90.6 million, due solely to less wagering. Gamblers bought $48.2 million less, or 7.9 percent, in gaming chips last month, with every casino reporting a decline in the `drop.'

"…Trump Taj Mahal nosed out Caesars as revenue king for the month. Both won $42 million from gamblers, with the Taj's result down 3.6 percent compared to last year while Caesars' was up 8.4 percent.

"… Trump Marina reported the biggest overall revenue gain, up 13.2 percent to $22.8 million on a big increase in slot play.

"…Sands and Hilton, hurt by worse luck at the tables, reported overall declines of 13.2 and 6.1 percent…"

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