Casino revenue decreases in Atlantic City
The gaming hub from New Jersey experienced a revenue fall for the first time in 2017.
US.- Casinos in Atlantic City experienced a fall in revenues after good results experienced in the previous months of the year when compared to the those achieved in 2016. The gambling facilities reported a 3.6 percent decline in April.
As reported by the New Jersey Division of Gaming Enforcement this week, casinos reported US$191 million in earnings, also influenced by the closing of the Trump Taj Mahal, which is set to reopen under Hard Rock’s services. If online casino and poker operations are also considered in the equation, Atlantic City operations rise to US$211 million, a 5.8 percent increase from April 2016. Borgata was once again the top earner in the city with a 4.4 percent increase annually to US$58.4 million. The second place belongs to Caesars with US$19.9 million, a 13 percent increase in earnings, and Tropicana is a close follower with US$28.3 million, which represents a 15 percent growth.
On the other hand, Harrah’s reported a 7.2 percent revenue fall to US$27 million, whilst Bally’s, owned by Caesars, also experienced a 5.3 fall to US$17 million. After years of downturn for the gambling industry in Atlantic City, 2016 figures make operators more optimistic about the future, even if April represents a stick in the wheel for the city.
