Atlantic City posts revenue increase in May
The casino industry in Atlantic City posted its 12th straight month of revenue increases in May.
US.- The New Jersey Division of Gaming Enforcement (DGE) reported on Tuesday that casino gaming revenue posted a 22% increase in May. These results mark the 12th consecutive month of growth in the casino market in the city.
The nine casinos in the gambling hub from New Jersey reported US$266.7 million in total gaming revenue in May, representing a 22.5% increase over the same month last year. The gaming revenue from Atlantic City has been increasing month-over-month since June 2018.
June 2018 was also characterised by the opening of Hard Rock Hotel & Casino Atlantic City and Ocean Resort. Furthermore, the state started its legalised sports betting operations in June 2018.
“The market’s momentum is pointing toward a great summer,” said Casino Control Commission Chairman James Plousis. “With the most attractions and entertainment options in recent memory, Atlantic City is providing more reasons to visit for anyone seeking top gaming, leisure and recreation.”
Casino win was also up 15.3% in May over the same period in 2018 with almost US$222.9 million in reported revenue. Of the seven facilities that were operating in May 2018, Resorts Casino Hotel and Caesars Atlantic City reported 4.2% and 3% in increases respectively.
Online gaming also posted positive results: more than US$38.3 million was generated from online casino gaming in May, representing a 57.8% rise over last year.
