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State blames shorter February for 12.5 percent drop in casino revenue

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Revel finished 10th in casino revenue in February after announcing its bankruptcy restructuring plan.
Revel finished 10th in casino revenue in February after announcing its bankruptcy restructuring plan. - (NJBIZ file)

Casino revenue fell 12.5 percent in February, according to the Division of Gaming Enforcement, which released its monthly report this afternoon.

The Borgata led the way with $46.5 million in revenue, though that amounted to a drop of 7.5 percent from February 2012. On the other end of the scale, Trump Plaza’s revenue of barely $5 million was off nearly 42 percent from the same period last year, while Revel, which announced a bankruptcy plan in February, finished 10th among the 12 casinos, with just $9 million in casino win.

In an announcement, the state partially attributed the drop to February being one day shorter than the same period last year, which enjoyed an extra day from leap year.

Write to the Editorial Department at editorial@njbiz.com

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