TRENTON - Heavily feeling the aftereffects of Superstorm Sandy, casino revenues dropped more than 28 percent in November, compared to one year ago, the Division of Gaming Enforcement said Monday.
Casino winnings tumbled 63 percent between the time Hurricane Sandy made landfall and Nov. 9, compared to the same period one year ago.
According to filings with the Division of Gaming Enforcement, revenues for November were $175.7 million, a 28.3 percent drop from the $244 million in revenues in November 2011, DGE data indicate.
In advance of Sandy, all of the casinos were closed on Oct. 28, 2012 and reopened between Nov. 2 and Nov. 5.
Subsequent to reopening, it took additional time for casinos to resume normal operations and open all of their amenities to the public.
Several annual events and concerts were cancelled during this timeframe. Additionally, there were at least nine conventions, conferences, trade shows and fairs cancelled including the New Jersey Education Association Conference on Nov. 8 and 9 and the New Jersey League of Municipalities Convention from Nov. 13 through 16 and at least 15 concerts, among other forms of entertainment.
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"This is my first Mark Smith event. There have been a lot of changes in Hudson County over the last year and a half, and the most important change that has happened is that there really is unity. For the first time, we really are working together. Despite political differences. Mark and I have worked very hard to repair that. I'm really happy to be here in support of him, because I recognize that when you work together, politics becomes secondary and you really have time to focus on government, which is the most important thing." - Jersey City Mayor Steven Fulop- PolitickerNJ.com
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