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Atlantic City, NJ - Financial Turmoil Hits Casinos: Biggest Drop In Gamblers In 30 Years |
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Oct 11, 2008 at 10:55 PM
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Data out today from the state Casino Control Commission shows the amount of money the gaming halls won from gamblers plunged 15.1 percent from the same month a year ago.
That made it the biggest one-month decline in the 30-year history of legalized gambling here.
The casinos took in $356 million in September. That total includes $244.7 million at the slot machines, a decline of 18.6 percent, and $111.2 million at table games, down 6.2 percent.
For the first nine months of the year, the casinos won $3.6 billion, down 6.3 percent from the same period in 2007. Revenue from slot machines is down 8.1 percent and revenue from table games is down 1.8 percent for the nine months.
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Read Comments (15) — Post Yours »
1
Oct 12, 2008 at 12:13 AM Anonymous Says:
Uh, they were attending shiurim?
2
Oct 12, 2008 at 12:34 AM JoeFlix Says:
The owners have enough moneya and I dont care about them - but the layoffs will be huge, thats gonna hurt.
3
Oct 12, 2008 at 12:56 AM Hyme Says:
They don't need Atlantic City - they have Wall Street for gambling.
4
Oct 12, 2008 at 12:52 AM Anonymous Says:
“ The owners have enough moneya and I dont care about them - but the layoffs will be huge, thats gonna hurt. ”
Owners? Most of those Casino's are publicly owned corporations, not individual owners. Take a look at some gaming stocks to see the effects of this.
5
Oct 12, 2008 at 12:48 AM mommy Says:
I'm crying ( fake ) tears for them!
6
Oct 12, 2008 at 01:51 AM anon Says:
This is probably the only good news coming out of this financial crisis. Gambling might be good for the hotel owners but is bad for the masses.
7
Oct 12, 2008 at 02:20 AM Anonymous Says:
“ They don't need Atlantic City - they have Wall Street for gambling. ”
Wall street is one big casino.
8
Oct 12, 2008 at 02:20 AM Anonymous Says:
Best news. period.
9
Oct 12, 2008 at 02:26 AM Anonymous Says:
good news for the yidden no more gammbling in proste casinos
10
Oct 12, 2008 at 03:11 AM Avi Says:
Blood suckers no one feels bad for them.
11
Oct 12, 2008 at 09:05 AM Use Your Head Says:
“ Wall street is one big casino. ”
That's like saying that the Internet is one big porn shop. Sure there's plenty of porn, but that's not really what the Internet is about, unless you just don't know better.
12
Oct 12, 2008 at 10:08 AM Anonymous Says:
Yes, no one feels sorry for the casinos and rightly so. But this is only the beginning. Other legitimate business and shopping centers will be losing business and closing up over the next 2 to 3 years.
13
Oct 12, 2008 at 10:54 AM יואלי Says:
Let them all burn down, if people would not spend their money in casinos, they will spend it in retail, and pump Billions into the economy, and that's exactly what the economy seeks now.
14
Oct 12, 2008 at 08:51 PM MOTHER Says:
Atlantic City was once home to the second largest Sephardic Jewish community, in the US before casinos took away the parnassa of so many families.
Gambling ruined Atlantic City. It was unfair that it should have been passed by a statewide referendum in which densely populated North Jersey voted for the end of our frum communities in South Jersey.
The Atlantic City where I grew up is a piece of history; unlike Las Vegas, which was a barren desert before casinos, Atlantic City was a beautiful community, suffering from a recession in the 70s just like the rest of the country, that casinos destroyed.
15
Oct 13, 2008 at 09:12 AM Avi Says:
A few people above said it right Wall Street stock is the biggest casino of them all! It just looks prettier and everyone wears suits, but all it is, is pure gambling.