Atlantic City’s casino tables bleed red ink in May

Atlantic City casinos suffered another year-on-year gaming revenue decline in May, and this time they can’t blame the weather gods.

On Wednesday, the New Jersey Division of Gaming Enforcement (DGE) reported that Atlantic City’s seven casinos generated total gambling revenue of $217.7m in May, 5.1% less than they earned in May 2017.

The numbers look even worse once you strip out the near-record $24.3m the casinos’ online gambling operations earned in May. Total brick-and-mortar gaming revenue was down 7.2% to $194.4m.

The decline came courtesy of the casinos’ table games, which saw revenue tumble by one-quarter to $48.2m. Casino Control Commission chairman James Plousis noted that May 2017 featured a higher than usual table win for the casinos, while gamblers got their revenge last month. Slots revenue was up less than 1% to just under $145.2m.