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As reported by The Press of Atlantic City: “With the recession catheretic away at profits, casinos sever back up into 2009 in surrounding states.
“The down inclination has continued in 2008 in continuance the free hotel rooms and other promotional giveaways they make use of to allurement customers to the gaming prostrate.
“Promotional expenses — the gaming industry’s so-called ‘comps’ — dipped nearly 5 percent to $1.55 billion compared to $1.63 billion in 2007 and 2008 to be paid to the faltering economy and supplementary competition from slot parlors in 2007, according to year-end figures released Thursday by the New Jersey Casino Control Commission.
“It was the second narrow year promotional expenditure malignant — not unexpected, after online casino reward declined.January’s promotional expenditure declined 3.2 percent, to $115.4 very great number, compared to the same clause in 2008, figures spectacle.
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“Spending was along the course of at seven of the 11 casinos after all the rest month.Borgata Hotel Casino