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NEW JERSEY CASINO CONTROL COMMISSION REPORTS REVENUES

 NEW JERSEY CASINO CONTROL COMMISSION REPORTS REVENUES
 ATLANTIC CITY, N.J., March 13 /PRNewswire/ -- The casino industry


reported gross revenues of $255,851,595 during February, a year-to-year increase of 17.4 percent.
 The industry's revenues for the first two months of the year were $492,268,303, representing a year-to-year increase of 19.2 percent over the first two months of 1991.
 Since this is a leap year, there were 29 gaming days in February. The largest one-day "win" of the month occurred on the 29th day, which was a Saturday, when Trump Taj Mahal reported gross revenues of $2,224,764.
 There were two other days during the month in which individual casinos broke the $2 million barrier. Trump Taj Mahal won $2,109,633 on Feb. 15. Caesars, on the same day, which was a Saturday, won $2,051,795.
 There were 80 times during the month in which individual casinos won more than $1 million in a day. Nearly half of them occurred on Saturdays. Five of them occurred on Washington's Birthday, which was a Monday.
 All 12 casino hotels experienced increased revenues this February. Trump Taj Mahal reported the largest gross revenues for the month at $30,851,353, the only casino to report revenues of more than $30 million. A year earlier, Trump Taj Mahal won $27,748,671. Trump Plaza, with February revenues of $23,300,763, had the highest percentage increase from February 1991, when it reported revenues of $18,069,559. That represents a 29 percent increase.
 Seven casinos had revenues of more than $20 million in February, compared to only five in January and five in February 1991.
 Gross revenue is the amount of money a casino retains after all bets have been paid, but before operating or other extraordinary expenses have been paid. Gross revenue, commonly called "win," does not mean net profit.
 The state Casino Revenue Fund collected $20,275,952 in taxes during February, plus an additional $440,362 in interest. The fund collects an eight percent tax on all casino "win," which it uses to fund programs for senior citizens and disabled people. The programs include pharmaceutical assistance, property tax rebates, transportation aid and lifeline assistance.
 Since the first casino opened in May 1978, the fund has collected $2,107,884,689, plus an additional $107,976,773 in interest.
 The other casinos reported the following revenues for the month, with February 1991 figures in parentheses: Bally's Grand, $16,075,276 ($12,509,154); Bally's Park Place, $22,739,796 ($20,835,965); Caesars, $25,635,437 ($21,693,847); Claridge, $11,650,152 ($9,535,975); Harrah's Marina, $22,345,441 ($20,176,920); Resorts, $18,666,604 ($15,735,089); Sands, $19,803,826 ($17,464,400); Showboat, $20,831,915 ($18,287,021); TropWorld, $24,730,964 ($20,958,360); Trump's Castle, $19,220,068 ($15,005,972).
 The daily average for February was $8,822,469 industry wide, compared to $7,786,462 in February 1991.
 /delval/
 -0- 3/13/92
 /CONTACT: Michael Pollock of the New Jersey Casino Control Commission, 609-441-3799/ CO: New Jersey Casino Control Commission ST: New Jersey IN: CNO SU: ERN


JS -- PH033 -- 7887 03/13/92 14:54 EST
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Date:Mar 13, 1992
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