Vol. 3, No. 2, February 2006, The Tides
$5 Billion and Counting
Atlantic City's casinos have topped the $5 billion mark in annual revenues for the first time in the market's history, according to figures released by the New Jersey Casino Control Commission. It is a landmark previously achieved only by Las Vegas, and analysts noted last month that Atlantic City's achievement is even more significant in light of the fact it was achieved with an inventory of around 15,000 hotel rooms. Las Vegas has over 133,000 hotel rooms. Atlantic City casino officials said last month that they will immediately begin focusing on reaching the $6 billion mark. Atlantic City revenues have increased every year since the inception of gaming in 1978.
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