Search
 

Revenue up, jobs down at casinos in 2010

After two bad years in which gamblers either stayed home or held onto their wallets more tightly, the nation's casinos began to slowly rebound last year, with revenue increasing slightly even as the number of jobs declined.

By Wayne Parry | Updated on May 04, 2011
The entrance at Resorts Casino Hotel is seen Wednesday, April 13, 2011 in Atlantic City, N.J. Efforts are being made to win back business at the nation’s first casino to open outside Nevada, one that came within days of closing last winter. New owners bought it for a song in December, and now face the daunting task of rebuilding business in a place that had been abandoned by many of its best customers. Co-owner Dennis Gomes has launched an ambitious, expensive effort to regain lost customers, using everything from a David Cassidy concert to a simulated flash mob breaking into song around the buffet tables, not to mention wads of cash to entice gamblers. It's working so far, but the casino is still losing money. Gomes says it could become profitable by July. (AP Photo/Mel Evans)

ATLANTIC CITY, N.J. (AP) — After two bad years in which gamblers either stayed home or held onto their wallets more tightly, the nation’s casinos began to slowly rebound last year, with revenue increasing slightly even as the number of jobs declined.

An annual American Gaming Association survey released Wednesday found the nation’s 483 commercial casinos took in $34.6 billion in 2010, an increase of just under 1 percent from the $34.28 billion posted in 2009. That marked the first time in three years the casinos’ revenue increased.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.