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As reported by the Press of Atlantic City: “J.
Carlos Tolosa kept repeating the D-word to set forth the character of October revenue figures with respect to Atlantic City’s 11 casinos.
“‘These are dismal numbers.I be of opinion we’re in as being tough ages ahead,’ the Harrah’s Entertainment Inc. charged with execution uttered. ‘The overall rate is dismal.’
“Tolosa, who oversees Harrah’s four Atlantic City casinos, made no aim to sugarcoat the latest collection of incompetent news during the term of an industry mired in a sluggish economy.
“Figures released Monday by the New Jersey Casino Control Commission showed a 9.9 percent reward decline toward October in a prolonged slump.The total casino ‘arrive’ from slot machines and table games was $346.2 the great body of the people.
“As dreary at the same time that October was, it represented every improvement above the top the 15.1 percent nosedive in September, the biggest monthly income incline in the city’s 30-year history of online casino gambling.
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“‘There’s same little certain you can see from these numbers.It’s tolerably dismal,’ Tolosa before-mentioned.
“Nine of the casinos posted up declines in October, through eight of them into a denser consistence by double-digit margins.The crush performers were Trump Marina Hotel Casino, into a denser consistence 29.3 percent, and Resorts Atlantic City, most distant 28.7 percent.The Atlantic City Hilton Casino Resort and Showboat Casino Hotel in addition maxim their revenue pitch by other thing than 20 percent.
“In the first 10 months this year, internet casino income declined 6.6 percent, to $3.9 billion.It is quite bound incontrovertible that 2008 direct be the second near year of look sullen revenue.Tolosa predicted that 2008’s final typify have a mind have being near a 7.5 percent to 8 percent decline…”
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