AC casinos revenues are worse

The online gambling sector in New Jersey improved the industry’s situation during the crisis.

US.- Casinos revenues in Atlantic City have fallen by 4.9 percent in August, in comparison with the same period of 2015. The gambling hub is losing the competition against Las Vegas’ online gambling and new casinos in neighbouring areas.

New Jersey Division of Gaming Enforcement published the casinos results. The eight gaming venues in the city generated US$245.8 million in August, down from US$258.5 million in August 2015. Only two casinos – the Golden Nugget and Tropicana – posted monthly revenue gains in August.

Four casinos has close its doors in Atlantic City and the Trump Taj Mahal is about to face the same fate after announcing bankrupt and weathering a major strike by its employees. Furthermore, the city is waiting for November’s ballot that could approve new gaming centres statewide, outside Atlantic City.

Only two casinos – the Golden Nugget and Tropicana – posted monthly revenue gains in August. As to online gambling, New Jersey has noted good results. Tropicana had the biggest monthly gain, up 6 percent to US$32.9 million compared to a year ago. The Golden Nugget was up 6.4 percent to US$23.8 million. The Taj Mahal was down 27.2 percent to US$13.7 million; Caesars was down 11 percent to US$27.9 million; Bally’s was down 10.5 percent to US$20.9 million; the Borgata was down 7.3 percent to US$69.3 million; Harrah’s was down 5.5 percent to US$33.5 million, and Resorts was down 0.4 percent to US$17.5 million.

Internet operators revealed revenue up 31.6 percent in August, meaning over US$16 million more than last year.