Online gaming bolsters Atlantic City’s positive growth
A solid month for the online segment has boosted Atlantic City's casino revenues to $206m in October, with the year-to-date figure for online gaming revenue in New Jersey surpassing the $200m mark for the first time.
October’s figures represent a 1.7% increase in gross revenue, compared to the $203m generated in October 2016.
Internet gambling, up 23%, was the main reason behind this positive growth. Without the $20.6m collected online, the city’s seven physical venues would have seen a revenue drop of 0.3% last month.
However, six of the seven casinos still managed to post growth in October. The Golden Nugget saw the biggest improvement, with revenues rising 17.5% to $24.2m. Caesars was up 9.5% to $25.7m; whilst Resorts was up 4.7% to almost $15m.
Harrah’s totalled $30.3m, the greatest sum across all operators, but only grew 3.5% while Bally’s was up 1.7% to $16.8m, and the Tropicana was fairly static, up 0.5% to $28m.
Meanwhile, The Borgata reported a 7.4% decline to $59.4m, being the only casino to experience negative growth in October 2017. The firm has credited the drop to customers having a lucky month at the game tables.
Aside from resorts, The Golden Nugget was also leading monthly online operations with $6.1m. It was followed by Borgata, $4m; Resorts Digital, $3.4m; Tropicana, $3.4m and Caesars Interactive-NJ, $3.3m.
So far, Atlantic City’s casino operators have posted revenues of $2.2bn for the first ten months of the year, up 2% compared to the same period in the previous year.
Gambling Insider delivers the latest industry news, in-depth features, and operator reviews that you can trust. Our team combines rigorous editorial standards with decades of specialized expertise to ensure accuracy and fairness. We are committed to delivering clear, impartial, and dependable coverage across the global gambling sector.
