Atlantic City’s casinos managed to wrangle 14.7 percent more from gamblers in February than they did last year.
The state Gaming Enforcement Division released figures on Monday that show the New Jersey resort city’s eight casinos took in $204.7 million last month. Doing particularity well, internet gambling brought in $14.7 for February, an increase of nearly 42 percent compared with the same time last year.
Led by the Borgata, six of the eight casinos posted monthly increases, an increase of more than 29 percent over last year, to $62.8 million. Recently taken over by billionaire Carl Icahn, the Trump Taj Majal, had a decline of less than 1 percent, to slightly over $12 million. Caesars decreased by 8.3 percent to $22.6 million.
Chairman of the New Jersey Casino Control Commission, Matt Levinson, said, “It’s always positive to see casino revenues going up, and there were a lot of factors that combined to make February a good month,” adding, “Compared to last year, the weather was great and with Leap Year, last month had one extra day, according to the Courier-Post.
Slot winnings were up to $130.2 million a gain of 8.9 percent, while table game winnings increased by 23.2 percent to $59.6 million. As usual, the most money was made by the Borgata, by a large margin. The casino’s vice president, Joe Lupo, said the house just had a lucky month in February. He said that the casino had exceptional results in poker and table games combined with a record slot month.
The top spot in the online market was regained by the Borgata among casinos with Internet gambling, increasing by $13.4 percent over last year to $4.2 million in Internet revenue. The number two spot saw the Golden Nugget, Tropicana, and Caesars Interactive-NJ closely bunched together, at around $3 million each. Internet revenue totaling $1.3 million was recorded for Resorts. However, next week, PokerStars, its online partner and world’s largest Internet poker site, will begin operating in the state. It is assumed that it will provide a sizeable boost to Resorts’ online numbers.
The big monthly boost in numbers arrived just an hour before lawmakers in New Jersey approved SCR1/ACR1, which received a 34-6 vote in the state senate and a 54-15 vote in the state Assembly. The statewide referendum will let voters decide whether or not to move casinos outside of Atlantic City. Despite the fact that almost half of the tax revenue generated by the new casinos would be sent to Atlantic City, some expect that the proposed two new casinos in North Jersey, just outside of New York City, will hurt the state’s remaining eight casinos severely.