Steady economy for Atlantic City casinos

Credits: Time Out.

The DGE revealed that casinos in Atlantic City have been experiencing a steady period that started last year.

US.- As the New Jersey Division of Gaming Enforcement (DGE) revealed last month’s reports, analysts of the casino industry in Atlantic City noted a steady period that started last year. According to the authorities, operators have reported a total revenue of US$197.5 million in June, the same amount generated last year when the Trump Taj Mahal Casino was still operating.

“June’s report reflects continuing overall financial stability within the industry and increasing strength for internet gaming operations,” said David Rebuck, director of the state Division of Gaming Enforcement to Press of Atlantic City. “Both factors are positive indicators of the Atlantic City casino industry’s ability to successfully perform in an extremely competitive regional marketplace.”

Casino industry is only allowed to operate in Atlantic City, following New Jersey’s regulations, although land-based casino operators also offer online gaming services. The iGaming sector in the state grew to US$20.2 million last month. In total, both land-based and online gaming sector generated US$217.7 million, which represents a 1.8 increase compared to the same period in 2016.

“These are solid numbers that show that casinos are attracting more business and increasing their market,” concluded Matthew B. Levinson, chairman and CEO of the state Casino Control Commission, as published by the Press of Atlantic City. “Gaming revenue for the current operators has now increased every month this year compared to last year. So far this year, total gaming win at the seven casinos is up 11.1 percent, with six of the current seven operators outperforming last year.”