Online Gambling Continues to Boost Atlantic City

Written by:
Guest
Published on:
Mar/14/2017

ATLANTIC CITY, N.J. (Associated Press) — Once again, internet gambling has made the difference between an up month and a down one for Atlantic City casinos.

Figures released Monday by the New Jersey Division of Gaming Enforcement show the seven casinos won $205.3 million from gamblers in February. That's an increase of 0.3 percent from February 2016.

But without the extra money won from online gamblers, the casinos would have posted a decrease of nearly 2 percent.

Resorts Digital (up 131 percent compared with a year ago) and the Golden Nugget (up 66 percent) had particularly good months online.

Rush Street Interactive runs one of the Golden Nugget's sites, www.playsugarhouse.com , which has been growing its revenue by about 25 percent a month since launching last September.

"Online gaming represents a growth vehicle for the gaming industry as it attracts a new and younger demographic," said Richard Schwartz, Rush Street's president. "Plus, industry data shows that existing brick-and-mortar casino players, who subsequently become online players too, return more frequently to the brick-and-mortar casino and spend 15 percent more on the casino floor."

Schwartz said he expects further growth in New Jersey's online gambling market in 2017, particularly as it becomes easier for players to deposit money to fund online betting accounts.

New Jersey's internet gambling market took in $18.7 million in February, an increase of nearly 27 percent over the same month last year.

In February, the Golden Nugget surged to the head of New Jersey's online market with $5.1 million in revenue. The Borgata, Caesars Interactive-NJ, Resorts Digital and the Tropicana were all bunched together within $3 million to $3.7 million last month.

The seven surviving Atlantic City casinos won $186.6 million within the walls of their gambling halls, an increase of 4.9 percent from a year ago.

If the Trump Taj Mahal, which shut down in October, was removed from the equation, the seven surviving casinos would have seen an overall revenue increase of 6.6 percent last month. Hard Rock International recently bought the casino and plans to reopen it in 2018.

"The current operators continue to show resiliency in a challenging gaming market and have been able to increase the New Jersey gaming market," said Matt Levinson, chairman of the New Jersey Casino Control Commission.

The Tropicana was up 25.5 percent to $31.5 million; Resorts was up 21.4 percent to $15.1 million; the Golden Nugget was up 15.2 percent to $21.5 million; Caesars was up 0.9 percent to $22.8 million; and Harrah's was up 0.5 percent to $29.5 million.

Bally's was down 4.7 percent to $16.3 million and the Borgata was down 1.5 percent to $61.9 million.

For the first two months of the year, Atlantic City's casino revenue is up nearly 4 percent from the same period last year.

Gambling News

Google Play Changes Stance on iGaming Apps

Google Play Changes Stance on iGaming Apps

Google Play has a wide array of apps available in its Android-exclusive store. However, fans of iGaming and online sportsbook apps were facing a ban as originally planned by the gaming giant.

Ocean Resort Casino Owner: We'll Surprise the World

Ocean Resort Casino Owner: We'll Surprise the World

The owner of Atlantic City's Ocean Resort Casinos promises to "surprise the world" when the former Revel casino reopens next week.

Taruhan Olahraga & Taruhan Langsung - Bertaruh Piala Dunia 2018 - Indonesia

Taruhan olahraga dari indonesia online menggunakan dompet bitcoin dan buka akun taruhan.  Bertaruh Piala Dunia 2018!

Online Gambling Affiliates Will Need to Have HTTPS Implementation or Risk Traffic Loss

In July, Google will be updating its Chrome browser to warn visitors when they land on a page that is not secure, one that does not incorporate the HTTPS:// before a URL

Atlantic City Weekly Addresses the Question; Can You Cheat the Slot Machines?

Anyone who enters a gambling casino to try their luck on real money slots or plays online slot machines at an Internet casino is looking for any edge they can find to come out a winner. When it comes to “cheating” a slot machine, that is a whole other matter.

Syndicate