Casino revenues of Atlantic City have dipped by 2.7 percent in July but it isn’t enough to make the state gaming officials push the panic button.

In fact, New Jersey Division of Gaming Enforcement David Rebuck finds the figure “encouraging” since it only reflects the continued stabilization of the casino industry in Atlantic City.

The Press of Atlantic City reported that Atlantic City chalked an overall gambling revenue – including internet gambling and the shuttered Trump Taj Mahal Casino Resort – of $267.8 million last month. The figures was lower than the $275.2 million in July 2016, according to the figures.

Excluding the Taj Mahal, July’s casino revenue figures would have been higher compared to last year. Data showed that the city’s seven remaining casinos posted $267.8 million last month compared with $257.7 million in July 2016.