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ATLANTIC CITY-The city’s casinos once again saw their revenues tumble in July. As reported by the New Jersey Casino Control Commission, gambling establishments racked up a win total of $383 million last month, a drop of 12.7% from the same month a year ago. A win equates to revenue, or the net amount of money won by the casinos. It does not connote profit.

For the first seven months of ’09, casinos won $2.3 billion, down 14.9% from the same period in 2008. Splitting that total between slot machines and table games, the 11 casinos in the city won $1.6 billion at the slots and $715.2 million at the tables, which translate to declines of 15.3% and 14%, respectively, between January and July of 2008 and 2009. On a monthly basis, the casinos pulled in $266.8 million at the slots in July, a decrease of 12.4% from July 2008. Meanwhile, the tables brought in $116.2 million, a decline of 13.4%.

Only one casino–the Trump Taj Mahal–scored an increase in revenue in July when compared to the same month in 2008. Its total win at both the slot and tables amounted to $44 million, a jump of 8.7% over July 2008′s sum of $40.6 million. On a year-to-date basis, the casino won $266 million, a 2.5% drop versus the same period in 2008. Yet that decline was the lowest of all the casinos.

The Taj Mahal, however, may be going back to its namesake. Donald Trump recently paired up with BNAC Inc. to regain control of Trump Entertainment Resorts Inc. Yet, the Donald faces a battle for control of the firm from a group of bondholders.

Taxable gross revenues declined 18.5% to $2.2 billion during the first seven months of the year versus January 2008 to July 2008. The monthly total was $351.1 million, a 20% drop from July 2008. The casinos are required to pay 8% of taxable gross revenue to the Casino Revenue Fund, which supports programs for seniors and the disabled.

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