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Atlantic City Casinos June Revenue Up From Last Year

June saw Atlantic City's 12 casinos raking in a record high in revenues at $428.1 million, up 5.9 percent from the same month last year.

However, the figure is expected to dramatically drop in July following the state-imposed closure on the casinos. The 72-hour closure cost the gambling industry in the city an estimated $50 million in revenues.

Hilton has consistently been at the top, and June was no exception. It jumped 14 percent, the sole double digit gain in an overall healthy month before the July crisis.

"If you look at the last 12 months, revenue is up 6.2 percent. That's a healthy climate in Atlantic City for the casino industry," said Joe Weinert, vice president of Spectrum Gaming Group and managing editor of its flagship publication, Michael Pollock's Gaming Industry Observer.

Trump follows Hilton with a jump of 9.4 percent. Borgata comes in as the third gainer at 8.3 percent, recovering steadfastly from May's drop. Tropicana increased 7.8 percent. Three of the four casinos operated by gaming giant Harrah's had up figures, as led by Harrah's with 8.9 percent. Caesars was unfortunate to be one of only two losers, together with Trump Marina.

"Business continues to be strong with us. Our Total Rewards program is incentive to play at all four places," said John W.R. Payne, Atlantic City regional vice president of Harrah's Entertainment, which operates Harrah's, Caesars, Showboat and Bally's.