Pace of Atlantic City’s casino revenue slide slows in April, down less than 1 pct

Atlantic City casino revenue slide leveling off

ATLANTIC CITY, N.J. — Atlantic City’s three-year losing streak may finally be coming to an end.

Casino revenues in the nation’s second-largest gambling market were down less than 1 percent in April, indicating a prolonged slide may finally be leveling off.

The city’s 11 casinos won $311.5 million in April, a decrease of 0.7 percent over the same month a year ago.

Revenue at table games was $95.6 million, an increase of nearly 3 percent. Slot machines brought in $215.8 million, a decrease of 2.2 percent.

For the first four months of the year, casinos won $1.17 billion, down 7.6 percent from the same period in 2009.

Atlantic City has been in a prolonged revenue slump since the first slots parlors opened in late 2006 in neighboring Pennsylvania.