The revenue of Atlantic City’s eight surviving casinos rose by 8.1% in July, compared with the same month last year. This information was released by New Jersey regulators and it revealed that NJ casinos earned $257.5 million from gamblers in July, 2015; this number in July, 2014, was $238.3 million. The earnings were aided by Internet gambling winnings of $12.5 million. This sector witnessed a revenue growth of more than 24% in comparison to last year.

It has to be pointed out that the revenue was calculated without the four casinos that were operating in July, 2014 and closed in the meantime. With these numbers added in the calculations, the revenue decreased for 6.1% from a year ago.

Among the casinos that are still active on the Atlantic City casino scene, six had higher revenue, one’s revenue fell and another remained stable. The reason for these positive numbers is partly found in the closings of Showboat, Revel, Atlantic Club and Trump Plaza that reduced the capacity in the gambling market.

Borgata led the eight in generated revenue as well as it noted the highest gain growth of 19.2% y-o-y. Harrah’s, Tropicana, Caesars Atlantic City, Resorts Casino Hotel and Golden Nugget are the other five casino that showed positive results in the y-o-y report. However, their jump is not as impressive as the one seen in Borgata’s numbers. Runner up Harrah’s had a growth of only 1.5% ($36.1), whereas the Tropicana reached $29.2 million in revenue thanks to the 5.5% rise. The three remaining casinos revenue increased as it follows: Caesars Atlantic City 3.1% to $29 million, Golden Nugget 10.4% to $20.1 million and Resorts Casino Hotel 16.9% to $16.8 million.

Bally’s revenue remained flat at $22.8 million, whereas Trump Taj Mahal was the only operator whose revenue fell. In comparison to July, 2014, Taj Mahal’s winnings decreased for 11.8% and fell under $20 million to $19.1 million.

Leave a Reply

Your email address will not be published.