Revel reveals revenue reversal in September

Wednesday, October 10, 2012
Revel Casino in Atlantic City

The Revel Casino in Atlantic City, N.J. is seen on Monday, March 19, 2012. (AP Photo/Mel Evans)

Revel is going in reverse.

Atlantic City's newest casino won less money from gamblers in September than it did in August. The six-month-old casino resort won $16.8 million last month, down from $20 million in August.

Atlantic City's 12 casinos collectively saw their September revenue fall by 6.3 percent to $276 million, compared with a year ago.

So far, Revel has not been the catalyst that many in Atlantic City had hoped it would be in growing the gambling market, which has been shrinking ever since 2007.

For the first nine months of the year, casinos won $2.4 billion which is down 4.8 percent from the same period in 2011.

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