Casino revenue up 24pct in Atlantic City

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Atlantic City casinos continue to grow. (Credits: wpgtalkradio.com)

The NJDGE revealed that, during August, casinos raked gaming revenues of US$303.9 million, up nearly one full quarter year-on-year.

US.- The gaming industry continues to thrive in Atlantic City and the casino sector is proof of its success. During August, operators recorded total gaming revenue of US$303.9 million, up 24.1% year-on-year.

The stellar figure, revealed by the New Jersey Division of Gaming Enforcement (NJDGE), was not only considerably higher than August 2017 but was also US$30 million better than July 2018’s result. Not only was it remarkable thanks to sports betting licensees (US$9.2 million) and the state’s online gambling licensees (US$24.8 million), but brick-and-mortar gaming revenue still posted nearly US$270 million in revenue, 20.7% higher than August 2017’s total.

The recently-opened Hard Rock Atlantic City and the Ocean Resort Casino, launched in late June, submitted a great deal of the segment’s success. The Hard Rock earned almost US$30.8 million and ranked fourth among the nine land-based operators. Meanwhile, the Ocean Resort grew from July’s US$15.8 million to US$19.6 million last month.

The Borgata casino posted most of AC’s gaming revenue with nearly US$70.9 million, followed by the Tropicana (US$32.2 million).

Still, four casinos posted revenue drops in August. Bally’s was the one that fell the most as it decreased 10.7% to US$18.7 million.