Atlantic city casino revenue
7/14/ · Atlantic City casinos scored a double-digit gaming revenue rise in June, despite only one of the ‘veteran’ casino properties reporting a year-on-year gain. On Friday, the New Jersey Division. 6/13/ · Atlantic City casinos won $ million last month from their land-based, online, and sports betting operations. That’s percent more than the gaming operators collected in May of Author: Devin O'connor. 3/14/ · The Atlantic City casino industry total revenue grew every year from inception through , when it peaked at $ billion. The advent of casinos in Pennsylvania and New York that year were the main driver of nine straight years of decline that KPELAVRIO.INFO: John Brennan.
Year after 2 new casinos, Atlantic City revenue up nearly 8%
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Atlantic City casino revenue up, but newbies hurt others
That's when the city's two newest casinos, Hard Rock and Ocean, were in their first full month of operation. July's figures were the first true apples-to-apples comparison in a year of how the Atlantic City casino market had been doing. But perhaps the biggest news of the month was a record-setting performance from the Borgata, which has long been Atlantic City's top casino.
July, he said, marked the best month in the casino's history for gross and net slot revenue and hotel occupancy, including the two-plus years it operated as Revel. The figures illustrate the recovery Atlantic City's casino industry has undergone in recent years.
Just three years ago, the Hard Rock's predecessor, the Trump Taj Mahal, shut down, marking the fifth of the 12 Atlantic City casinos that operated in to go out of business. The reopenings of Taj Mahal as Hard Rock and Revel as Ocean have restored several thousand jobs and boosted casino revenue, even as profits collectively fall for the resort, which now has more competitors than it did just a few years ago.
But the numbers also indicate potential problems for the three Atlantic City casinos owned by Caesars Entertainment, which was recently acquired by Eldorado Resorts, the owner of the Tropicana. The newly combined company owns four Atlantic City casinos, including the three Caesars properties — Caesars, Bally's and Harrah's — and there has been speculation the company may seek to divest itself of one or more of its New Jersey properties.
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