Casino operators in Atlantic City reported positive results during the first quarter of 2017.
US.- The New Jersey Division of Gaming Enforcement revealed casino results in Atlantic City, which shows positive perspective for the 2017 total activity. The official report announced an increase of 30.4 percent for the sector during the first quarter of the year, in comparison with the same results of 2016.
Gross operating profits grew from US$32.5 million to US$139.2 million, according to the document, published by Card Player newspaper. Furthermore, casino industry in Atlantic City has reported a total growth of 1.7 percent year-on-year, reaching US$816.7 million. Meanwhile, hotel room profits reported a decline from US$88.4 million to US$83.7 million.
As casino results achieved $606.2 million of total revenue, meaning a growth of 4 percent year-over-year, hotel room decrease was of 5.3 percent. Meanwhile, the iGaming industry has generated US$80.1 million in the first quarter of 2017. The results show a total growth of 29.5 percent year-over-year from US$61.8 million. Resorts Digital, one of the two online operators in the state, grew from US$4.46 million to $7.66 million year-on-year.
New Jersey authorities expect a major boost in the Atlantic City economic reports as new casinos would be allowed to open, such as former Trump Taj Mahal casino, which was acquired by the Seminole operators of the American brand Hard Rock International.