Atlantic City casino revenue drops

Atlantic City casinos revenue decreaseReading Time: 1 minute

February was a poor month for Atlantic City casinos as they posted revenue 6.5 per cent lower year-on-year.

Let’s face it, February was a weak month,” New Jersey Casino Control Commission chairman Jim Plousis asserted on Atlantic City casinos’ poor revenue during February.

Year-on-year, gaming venues posted revenue 6.5 per cent lower as they barely took in US$192 million during the second month of 2018.

Business was off at virtually every casino. I am hopeful that casinos can turn this around and start expanding the market as we move into the busier spring and summer seasons,” said Mr Plousis about February’s performance, which could’ve been even worse if it wasn’t for a US$21 million boost from internet gambling.

Caesars had the biggest monthly decline, down 23 per cent to US$17.5 million, while the Resorts Casino was down nearly 21 per cent to US$11.9 million. Bally’s was down 12.8 per cent to US$14.2 million; Tropicana was down 7.2 per cent to US$29.2 million; Borgata 5.1 per cent to US$58.7 million; and Harrah’s was down 4.3 per cent to US$28.2 million.

Only the Golden Nugget posted a revenue increase, up 16 per cent to more than US$25 million.

Source: European Gaming Industry News

After starting out as an affiliate in 2009 and developing some recognized review portals, I have moved deeper into journalism and media. My experience has lead me to move into the B2B sector and write about compliance updates and report around the happenings of the online and land based gaming sector.