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NEWS 15 June 2017
Atlantic City casino revenue rises 4.3% in May
By Josh Fisher
Atlantic City is showing signs of progression as casinos saw their gambling revenues rise by 4.3% in May compared to last year during the same period, with total earnings of over $229m.

Indeed, had the shuttered Trump Taj Mahal not been included in the figures, the seven casinos would have reported a 12% increase last month.

The figures, released by the New Jersey Division of Gaming Enforcement on Wednesday, also indicated a steady increase of online gambling in the state. Online revenues were up by more than 27% in May to $21m, just under the record monthly total set in April.

“That’s a great start to the summer,” said Matt Levinson, Chairman of the New Jersey Casino Control Commission. “With all of the events planned around the city for the summer, I anticipate we will see casino revenues continue to increase.”

The Borgata Hotel and Casino led the market, winning $71.8m in May – an increase of 10.6% from May 2016.

Tropicana claimed second place with $32.8m, up 21.5% from a year ago, whilst Harrah’s came third with revenues of $29.5m, up 0.2%.

Caesars ($29.4m) had the largest percentage increase, up 23.6%; the Golden Nugget won $24.5 million, up 17%, and Resorts won $15.3m, up 9.8%.

David Rebuck, Director of the Gaming Enforcement Division, added: “With a solid performance to date and now on the cusp of the busy summer season, the Atlantic City casino industry seems well positioned to capitalise on these positive trends.”
RELATED TAGS: Online | Casino | Financial
IN-DEPTH 26 April 2018
How can daily fantasy sports invade fortress Europe?
Ishanka Warna, Marketing Manager for DFS operator Sportito, chats to GI about the possibilities to expand DFS into Europe and the lessons the industry can learn from its birthplace, the US