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Aug 29, 2008 9:24 am US/Eastern
Parking Revenue Drops In A.C.
ATLANTIC CITY, N.J. (AP) ―
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Rental Cars on Nov. 14, 2007.
CBS
Atlantic City's gambling casinos are not alone in their losing streak.
State Treasury Department figures show revenue at the casinos' parking garages was also down by nearly 6 percent between July 2007 and June of this year.
Parking revenue was $35 million, down from more than $37 million in the previous 12-month period. Gambling winnings for the casinos are down by a similar percentage as more players seem to be choosing slot parlors in Pennsylvania and New York.
The garages have a minimum fee of $3 per vehicle. The state's Casino Reinvestment Development Authority can take up to $2.50 of that.
The agency says it's not being hurt by the parking downturn.
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