Business Wire – Resorts Casino Hotel released their second quarter earnings report noting a 244% increase to their earnings year over year. Additionally, Resorts noted a nearly 12% increase to hotel occupancy and a 40% jump in food revenues.
“We are very encouraged by the Q2 earnings report,” said Morris Bailey, Owner of Resorts. “The success of not only this property, but of Atlantic City – the town I grew up in – is of top importance to me. The horizon is bright at Resorts and I foresee a much healthier Atlantic City in the future as our city continues to develop into a world class regional destination.”
Mark Giannantonio, President & CEO of Resorts Casino Hotel added, “All of the hard work from our dedicated team members, combined with management expertise of the Mohegan Gaming Advisors, as well as the completion of a major expansion featuring new dining and entertainment, are really starting to pay off.”
In 2013, Resorts completed a $70 million renovation throughout the entire casino to reposition the property for future success within the competitive Atlantic City market. Most notably, the enhancements included the all new Jimmy Buffett’s Margaritaville entertainment complex featuring the Margaritaville Restaurants, LandShark Bar & Grill, 5 O’Clock Somewhere Casino Bar, Margaritaville Coffee Shop, two retail shops and new slot and table gaming areas.
Additional renovations were made to hotel rooms, the Boardwalk façade, player lounges, casino floor reconfigurations, a remodeled Ballroom for events and trade shows, the addition of an all new high-limit slot area, upgraded Wi-Fi service and seven new retail shops! Most recently, the casino also opened the Quick Bites food court featuring Five new eateries.
“We continue to look towards the bright horizon ahead as we move towards the next phase of Resorts with online gaming,” Giannantonio added.
Resorts recently launched a free online gaming site for guests 21 and over. ResortsCasino.com, created by Sportech-NYX Gaming LLC (SNG), currently features nearly 30 slot games exclusive to Resorts Casino Hotel. The casino also anticipates launching their next phase of the website which will include a variety of table games such as roulette, blackjack and more.
Back in July 2013, Resorts announced that it had reached an agreement with Rational Services Limited (Rational) to make the PokerStars and FullTilt brands available in New Jersey. PokerStars will offer poker and FullTilt will offer both casino games and poker. That agreement continues and is pending regulatory approval.
About Resorts Casino Hotel
The resort that brought gaming to Atlantic City in 1978, Resorts Casino Hotel is at the top of its game today, offering world-class casino action in a relaxed environment that keeps the focus on fun. Resorts Casino Hotel made history as the first American casino outside of Nevada and celebrated its 35th anniversary in May 2013 with a new milestone: the opening of a $35-million Margaritaville casino and entertainment complex that includes, among other attractions, the only beach bar on the Atlantic City sand.
Mohegan Tribal Gaming Authority assumed management of Resorts Casino Hotel in Fall 2012 – a move that has set the stage for its return as the most exciting gaming destination in Atlantic City. Boasting a prime location spanning 11 acres at the northern end of the famed Atlantic City Boardwalk, the resort features 942 guest rooms and suites in two hotel towers, an 80,000-square-foot casino, two theaters, six restaurants, two VIP slot and table player lounges, a casino bar, indoor-outdoor swimming pool, health club and spa, salon, and retail shops. Its 39,000 square feet of sophisticated meeting space includes seven meeting rooms and a 13,000-square-foot ballroom. For more information, visit http://www.resortsac.com.
About Mohegan Gaming Advisors
Mohegan Gaming Advisors was formed in 2011 to pursue management contracts and consulting agreements for casino and entertainment properties in the United States. Mohegan Gaming Advisors is staffed with an experienced team of casino executives with a proven track record of accomplishments as operators and successful marketers and has a team dedicated solely to servicing the clients of the Gaming Advisory group. For more information, visit: mohegangamingadvisors.com.