Philadelphia (Reuters) - Atlantic City casinos revenues dropped by a record margin for the second straight month in March, officials said on Thursday, as the recession and competition from other states cut gamblers' spending. Combined revenue from the 11 casinos in New Jersey's gaming capital dropped 19.4 percent to USD 318.4 million in March...

According to figures released by the Gaming Control Board, casinos statewide won USD 11.6 billion from customers during the year, a drop of 9.7 % when compared with the USD 12.8 billion won from gamblers in 2007, the sharpest decline in state history. The question now is will the trend continue into 2009. The 2008 gaming revenue figure was the lowest statewide total since 2005, when casinos also won USD 11.6 billion from gamblers.

Kangwon Land, the operator of South Korean only casino open to local citizens, dropped by its daily trading limit in Seoul trading ahead of an announcement of the government’s plan to control gambling. Kangwon Land dropped 15 %, or USD 1,418 to USD 8,131, as of 10:26 a.m. local time, the most since September 2. The benchmark Kospi stock index declined 1.5 %. The government plans to limit total annual revenue of the gambling industry, including horse racing, lottery tickets and casinos, to 0.58 % of gross domestic product...

New York (AP) -- Shares of Trump Entertainment Resorts Inc. continued to drop on Tuesday after the New Jersey Casino Control Commission reported that Atlantic City gambling revenue dropped 10 percent in October. Trump shares fell 6 cents, or 11.1 percent, to close at 48 cents Tuesday, after touching an all-time low of 47 cents earlier in the session. The stock has traded between 50 cents and USD 6.65 during the past 52 weeks. Since the beginning of the year, Trump shares have lost 87 percent of their value.

New York (AP) -- Shares of casino operators slid Monday along with the broader markets as the House rejected the government's USD 700 billion financial bailout package. In late afternoon trading the Dow Jones industrials plunged as much as 705 points as investors worried the financial system would keep sinking under the weight of failed mortgage debt. The Dow did manage to regain some ground before falling backing again, trading down 454.95, or 4.08 percent, to 10,688.18.

New York (AP) -- Casino operators' shares skidded Monday as investors questioned whether growing capital and liquidity concerns would hinder their financials and stifle their growth plans. Gaming companies hinge their success on continued growth, and many have started to falter as major projects unravel. The sector's stock fell more on Monday than the broader market, which was anxiously awaiting details about the government's plan to purchase USD 700 billion in banks' mortgage debt.

Atlantic City - The 11 casinos here reported a 10 percent decrease in total revenue last month, with every gambling hall, even the formidable Borgata, showing a decline. The casinos won USD 355 million at the slot machines and table games, compared with USD 394.5 million in January 2007. The revenue losses ranged from 21 percent at the Tropicana and the Trump Marina to 0.8 percent at Trump Plaza.