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AC revenue declines as Penn ramps up

See: http://preview.tinyurl.com/3cc99y which =
www.philly.com/philly/business/breaking/20070910_Slots_take_hurts_casi
nos_win.html

Excerpt:
"For a long time, slot machines were the only thing, the main thing,"
Mullin said. "They still are the majority of what happens in Atlantic
City, it's just they can't be the entire focus."

Indeed, slot machine revenue decreased by 11 percent overall in
Atlantic City last month, while table game revenues increased 8.2
percent. Slots accounted for 69.5 percent of the month's total
revenue, or $323.5 million. Table games made up the rest at $141.7
million.

The five slots parlors in Pennsylvania reported $103.1 million in
revenue for August. From that, 55 percent is paid in taxes to
Pennsylvania. By comparison, New Jersey charges a 9.25 percent tax on
casinos' gross gambling revenue. "The operating slot machine
facilities continue to perform well and Pennsylvanians are reaping
significant dividends," said Doug Harbach, spokesman for the
Pennsylvania Gaming Control Board, which is in charge of regulating
the state's nascent industry. "Since the first opening last November,
over $384 million in taxes have been generated along with an
additional $450 million in licensing fees."

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David in Boston