The Atlantic City casino market had a good 2018 after its nine venues managed to record a 9.2% increase year-on-year in annual aggregated gross gaming revenues to just over $2.9 billion and take in a combined $94 million from newly-legalized sportsbetting activities.
According to official figures (pdf) released by the New Jersey Division of Gaming Enforcement on Monday, the properties’ combined casino win for the twelve-month period rose by some 4% year-on-year to hit in excess of $2.5 billion while collective takings from online gaming swelled by 21.6% to hit approximately $298.7 million.
Top venue retains position:
The data for 2018 showed that the Borgata Hotel Casino and Spa had kept its position as New Jersey’s most lucrative casino thanks to annual gross gaming revenues of about $771.9 million. Although this represented a 4% drop year-on-year, it was partially offset by the MGM Resorts International facility recording around $6.3 million in yearly takings from sportsbetting.
The figures from the New Jersey Division of Gaming Enforcement moreover revealed that the nearby Tropicana Casino and Resort Atlantic City had managed to chalk up around $380.9 million in gross gaming revenues for the entirety of 2018, which corresponded to a year-on-year decline of some 2.5%. But, the venue now owned by Gaming and Leisure Properties Incorporated significantly cushioned this result by recording the seaside city’s highest land-based takings from sportsbetting at $30.4 million.
Harrah’s Resort Atlantic City from Caesars Entertainment Corporation was next up courtesy of annual gross gaming revenues for 2018 of $332.9 million, which represented a diminution of 8.4% year-on-year, while its sister Caesars Atlantic City facility suffered an even larger comparable fall of 13.5% to see its overall twelve-month takings from gambling hit slightly over $281.3 million.
Las Vegas-based Caesars Entertainment Corporation is furthermore responsible for Bally’s Atlantic City and this Boardwalk venue posted overall gross gaming revenues for 2018 of $191.8 million, which denoted a year-on-year decrease of 9.1%. By contrast, its parent’s Caesars Interactive New Jersey online gaming vehicle saw its annual win rise by 5.9% when compared with the previous twelve-month period to reach $45.5 million.
Last year’s biggest winner seems to have been Golden Nugget Atlantic City after the 728-room venue owned by Landry’s Incorporated managed to record a 13.7% comparative swell in annual gross gaming revenues to $327.8 million with $1.7 million of this coming from sportsbetting.
Resorts Digital cushion:
By comparison, the official figures showed that Resorts Casino Hotel had witnessed a 3.3% year-on-year slump in its annual gaming revenues to $184.2 million. But, the property run by Mohegan Gaming and Entertainment managed to partially alleviate some of this decline with $657,500 in takings from sportsbetting alongside earnings of around $75.7 million via its Resorts Digital iGaming enterprise.
Finally, the data from the New Jersey Division of Gaming Enforcement showed that the recently-opened Hard Rock Hotel and Casino Atlantic City recorded $166.7 million in gross gaming revenues for 2018 while the similarly-new Ocean Resort Casino Atlantic City saw its comparable tally hit $101.1 million.