Making the News

Press of Atlantic City

Originally Published:Wednesday, August 17, 2011
http://www.pressofatlanticcity.com/news/breaking/atlantic-city-casino-profits-down-percent-in-nd-quarter/article_22f1be12-c94c-11e0-b585-001cc4c03286.html

Atlantic City casino profits down 8 percent in 2nd quarter

By Derek Harper
Press of Atlantic City

Michael J. Pollock, publisher of Michael Pollock's Gaming Industry Observer, said Friday's profit numbers reflected the continued effect of table games in Pennsylvania casinos, which began in July 2010. He said other effects are the lingering recession and the new hotel that opened at Sands Casino Resort Bethlehem.

"It's no surprise here," Pollock said. "Atlantic City still is lacking that catalyst that is going to spur growth going forward."

He said that the expected opening of the Revel casino project would be a catalyst, as would the future Hard Rock project, but more catalysts would be needed in the future.

"Atlantic City's business model is in the process of evolving," he said.

 

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