The past month's revenue at Atlantic City’s 11 casinos has skyrocketed up by 14.2 percent when compared to April last year. On the other hand, April revenue at Pennsylvania's seven slots parlors rose 13.8 percent to $150.7 million when compared to the past year.
Despite the April decrease of A.C.Casino revenues in Atlantic City to $313.6 million which perhaps was an improvement from the revenue declines of 19.4 percent in March and 19.2 percent in February, the operators of casino are anxious of the future trends that would settle down in the market.
The Atlantic City is in for a surprise because the $743 million Sands Bethlehem Casino in the Lehigh Valley would open on May 22 with 3,000 slot machines and by the middle of November, the number of slots will rise up to 5,000.
Due to the economic recession the massive Las Vegas Sands Corp that operated casino hotels on the Las Vegas Strip and in Macao, South China weighed back the original $1 billion-plus Bethlehem project. According to Sands Bethlehem Casino president Robert DeSalvio the plan of constructing a hotel, a retail mall, and some restaurants are temporarily stopped until the economy improves.
In spite of the significant decline that the Las Vegas Strip gambling revenue like Atlantic City's has incurred, Las Vegas Sands chairman and chief executive officer Sheldon Adelson reported that they still don’t feel the pinch.
In comparison, six out of the seven Pennsylvania casinos has reported to have gained profits. Harrah's Chester Casino & Racetrack plunged about 2.5 percent and the Philadelphia Park Casino & Racetrack guided again with $31.1 million in gross slots revenue last month.