Atlantic City sees land-based revenue rise by 9.3% for May
Atlantic City’s nine casinos have reported $233m in land-based revenue for May, driving their combined year-to-date total over $1bn.
For the month, the properties’ combined revenue was up 9.3% year-on-year, from $213m, while year-to-date revenue rose by nearly 21% to $1.08bn, according to figures released by New Jersey’s Division of Gaming Enforcement (DGE).
Of the nine resorts, Borgata commanded a strong lead, generating $63.4m in casino revenue for an over 30% year-on-year increase, while Hard Rock came second and Ocean third, recording $41.5m and $25.4m in casino revenue respectively.
Tropicana came fourth, Harrah’s fifth and Caesars sixth, while Resorts, Golden Nugget and Bally’s came seventh, eighth and ninth.
In fact, Caesars, Golden Nugget, Resorts and Harrah’s all posted year-on-year casino revenue declines, possibly attributable to redevelopment works and other efforts taking place to attract customers back after Covid-19.
But land-based gaming does not constitute the casinos’ sole revenue stream. The nine properties and their partners reported $136m in iGaming revenue, up by more than 25% when compared to last year.
Again, Borgata commanded a strong lead, producing $42.6m in online revenue for a 30% year-on-year rise. Meanwhile, Golden Nugget and its iGaming business, Golden Nugget Online Gaming (GNOG), generated $34.6m, while Resorts Digital produced nearly $30m.
Finally, New Jersey sports betting revenue amounted to $61.6m for May, reflecting a 16.4% year-on-year increase. All-in-all, total gaming revenue was $430.6m, up 15% when compared to last year’s $374.2m.
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