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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
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