Dog days of August provide no relief for Atlantic City casinos as revenue slump continues

August another doggone bad month for AC casinos

ATLANTIC CITY, N.J. — If the nation’s second-largest gambling market was to have a good month this year, August would have been it: The rain finally stopped and visitors flocked to Atlantic City’s 11 casinos.

But the dog days of August added up to another dismal month here, as revenue declined 16.3 percent from a year ago.

In a month that is traditionally one of the best for seaside resort, all 11 casinos reported declines, ranging from 6.9 percent at the Tropicana Casino and Resort, to nearly 30 percent at Trump Plaza Hotel and Casino.

Atlantic City is now in the third straight year of falling revenues due to the recession and out-of-state competition.

For the first eight months of the year, revenue is down 15.1 percent here, to $2.7 billion.