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First Quarter Reports Falls
 May 22, 2007, 7:30 pm (1 year ago)The Associated Press has took the time to report what is known as a decline in the actual net income of the eleven casinos that are located in Atlantic City which was very alarming based on the fact that they have fell a total of fifty four percent in just the first quarter when you compared it to the first quarter of the last year. It is known that the primary cause for this decline was the new slots that are now located in Pennsylvania as well as New York.
These new slot parlors are going to cause the industry to actually experience the first down year since there was legalized gambling in Atlantic City which started in the year of nineteen seventy eight. The state regulators took the time this week to reveal that the net revenues actually fell three point one percent where as the gross operating profit fell five point eight percent for the individual first quarter.
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