Casino revenue up in Atlantic City
Gambling revenue increased by 1.3 per cent in New Jersey’s gambling hub during April operations.
US.- According to figures released on Monday by the Division of Gaming Enforcement of New Jersey, total gaming revenue for the month of April was US$214.4 million, which represents a 1.3 per cent increase when compared to the same period last year.
The highest-grossing property was Borgata Hotel Casino & Spa, as it generated US$57.7 million, even if it represented a 7.9 per cent decrease over April 2017. On the other hand, Resorts Casino Hotel saw the largest improvement with an impressive 23.3 per cent increase, to US$17.2 million, up from the US$13.9 million registered in April 2017.
James Plousis, chairman of the Casino Control Commission, believes that the numbers are encouraging, and he anticipates that sports wagering will fuel future growth for the casinos, “and add a new attraction for visitors on top of the expected opening of the Hard Rock (Hotel & Casino Atlantic City) which we licensed last week, and Ocean Resort (Casino).” Plousis said that all those things combined should bring a strong summer and a brighter future for New Jersey’s gaming industry.
Moreover, licensed online gambling operators posted the second-highest revenue month in April. Combined revenue reached US$23 million during the fourth month of 2018 and grew 10.6 per cent year-on-year but fell short of March’s record US$25.6 million performance.
Monthly revenue was led by online casinos, which enjoyed a 12.7 per cent rise year-on-year to US$21.25 million. Meanwhile, the online poker segment continued to deteriorate as it fell 10.5 per cent to US$1.76 million.
Online casino sites owned by Golden Nugget had posted record revenue in March at US$8.65 million. During April, they slipped to US$8.13 million but still led the local market. The Borgata sites came in second with US$4.6 million, followed by Resorts Digital Gaming’s US$3.6 million and Caesars Interactive Entertainment New Jersey’s US$3.5 million.
