Atlantic City casinos are adamant in urging New Jersey lawmakers to maintain the status quo regarding gaming regulations shortly.<\/p>\n
\n
Former New Jersey Senate President Stephen Sweeney (D), who championed the PILOT tax break for the casinos, backed those claims. He said on his way out that he’s been told that up to four Atlantic City casinos would be in jeopardy of closing without such property tax savings.<\/p>\n<\/div>\n
But even with brick-and-mortar GGR slowing by more than 7% in October, last month’s land-based win of $220.6 million was still 9.1% higher than the $202.2 million that the same nine casinos won in pre-pandemic October 2019.<\/p>\n
However, the casinos say their overheads have increased greatly amid record inflation and high employee turnover. Still, from January through October 2022, land-based GGR of roughly $2.35 billion is more than $101 million ahead of the same 10 months in 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"
Last month, the nine casinos in Atlantic City won 7% fewer dollars on their brick-and-mortar gaming floors than they did in October 2021. Land-based gross gaming revenue (GGR) in October 2022 totaled approximately $220.6 million. That’s down 7.1%, or nearly $17 million, from the same month last year. Retail slots kept $166.2 million of the […]<\/p>\n","protected":false},"author":25,"featured_media":243927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[81885,62],"tags":[25,82124,26],"acf":[],"yoast_head":"\n
Atlantic City Casinos Report Revenue Slide in October<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n