One casino, Resorts Casino Hotel, narrowly avoided having to shut down last month and was sold for a relative song, $31.5 million. The report forecasts an increase of more than 190 percent, from $198 million last year to $576 million this year.Ītlantic City casino executives are already bracing for 2011 to be a difficult year. And table games growth in the other states will be off the charts this year, largely because they debuted last summer, and this will be the first full year of games like roulette, craps, blackjack and others. Table games in Atlantic City are projected to fall from $1.09 billion to $911 million, a decline of 16.7 percent.Ĭontrast that with projected slots revenue growth in the other mid-Atlantic states from $3.14 billion last year to $3.66 billion this year, an increase of 16.6 percent.

Slot machines, which are Atlantic City's bread and butter, accounting for roughly two-thirds of the seaside resort's gambling take, are projected to fall from $2.47 billion last year to $2.18 billion, a decline of 11.8 percent. That would mark a 13.3 percent decline.īut the other mid-Atlantic casino states should see their revenue grow from $3.33 billion last year to $4.23 billion at the end of this year, an increase of 26.9 percent. There's no spark for Atlantic City this year.''Īnalyzing historical trends and assessing the current casino market in the Northeast, the firm projected that Atlantic City's 11 casinos will see their 2011 revenue fall to $3.09 billion, down from the $3.57 billion they registered in 2010. ``There's no new casino opening this year, no one is adding a major hotel expansion. 'A lot of the reason for that grim forecast is there's no catalyst in sight to turn that around,'' McCloud said.

But as a market, Atlantic City is not going to see the income stream like they did in the good old days, four or five years ago.

'You'll still have some performers like the Borgata and Harrah's that are well-capitalized that will weather the storm.

'There are a lot of challenges ahead for Atlantic City,'' said Shawn McCloud, director of financial analysis for the Linwood, N.J.-based Spectrum.

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