Atlantic City begins a positive 2017

Casino activities in January has generated a 7.7 percent rise in the gaming revenues.

US.- The New Jersey Division of Gaming Enforcement issued yesterday Atlantic City’s casino results from January’s operations. The gaming city, which has been facing an economic crisis the last few years, announced an increase of 7.7 percent in its casino revenue.

According to the official statement, the seven authorised casinos of Atlantic City generated US$204.6 million since the beginning of 2017. The report also shows that the increase in local gaming industry’s results was boosted by the online casino sector. Last month, the iGaming industry achieved a gaming revenue of US$18.8 million, meaning a growth of 28.6 percent in comparison with January 2016.

Caesars Entertainment reported the most relevant results, with an increase of 41 percent, to US$ 28.2 million. Meanwhile, Bally’s Atlantic City casino perceived the lowest growth, of 0.6 percent.

Last year, the gaming hub experienced major losses due to the economic crisis, which led to the closure of five casinos since 2014. Before the financial issues, Atlantic City used to host twelve casinos, although two operators are potentially reopening their gaming venues.

The new TEN Resort & Casino, formerly known as Revel, as well as the Taj Mahal Casino are negotiating with authorities their legal comeback, which could be beneficial for New Jersey’s economy.