Atlantic City casinos post revenue decrease

February was a poor month for Atlantic City casinos as they posted revenue 6.5 per cent lower year-on-year.

US.- “Let’s face it, February was a weak month,” New Jersey Casino Control Commission chairman Jim Plousis asserted on Atlantic City casinos’ poor revenue during February. Year-on-year, gaming venues posted revenue 6.5 per cent lower as they barely took in US$192 million during the second month of 2018.

“Business was off at virtually every casino. I am hopeful that casinos can turn this around and start expanding the market as we move into the busier spring and summer seasons,” said Mr Plousis about February’s performance, which could’ve been even worse if it wasn’t for a US$21 million boost from internet gambling.

Caesars had the biggest monthly decline, down 23 per cent to US$17.5 million, while the Resorts Casino was down nearly 21 per cent to US$11.9 million. Bally’s was down 12.8 per cent to US$14.2 million; Tropicana was down 7.2 per cent to US$29.2 million; Borgata 5.1 per cent to US$58.7 million; and Harrah’s was down 4.3 per cent to US$28.2 million.

Only the Golden Nugget posted a revenue increase, up 16 per cent to more than US$25 million.