Published
OnlineCasinoFinancial

Atlantic City casino revenue rises 4.3% in May

Atla

atlantic city
ntic 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.”
Premium+ Connections
Premium

Revsharks

 
Premium

Lynon

 
Premium

RISK

 
Premium

Digitain

 
Premium

Imagine Live

 
Premium

1xBet Partners

 
 
Premium

GammaStack

 
Premium

Galaxsys

 
Premium

Sport Generate

 
Premium

PIN-UP Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...