..

Positive Growth Demonstrates The Need to Invest in AC

Written by:
Aaron Goldstein
Published on:
Nov/22/2021

The Division of Gaming Enforcement in New Jersey released blockbuster revenue numbers for the 3rd Quarter of 2021 for Atlantic City.  Huge news as we work to put the pandemic behind us.

Based upon filings made with the Division of Gaming Enforcement, the casino licensees reported Net Revenue of $968 million and a Gross Operating Profit of $310.8 million for the 3rd Quarter 2021.

For the first nine months of 2021, Net Revenue was $2.3 billion and the Gross Operating Profit was $592.4 million. In light of the casino hotel closures beginning March 16, 2020 through July 2, 2020 due to the COVID-19 pandemic and subsequent operating restrictions, the Net Revenue and Gross Operating Profit for the 3rd quarter and year-to-date are not comparable to the 2020 period.

The occupancy rate in the industry’s casino hotels for the three months ended September 2021 was 81.3% and the occupancy rate for the nine months ended September 2021 was 68.0%.

“We are pleased that the north end of the Atlantic City Boardwalk “North Beach” continues to lead the market, with Hard Rock Atlantic City, Ocean Casino Resort and Resorts showing the majority of the increase in comparison to 2019," Joe Lupo, President of Hard Rock Hotel & Casino Atlantic City, said in a statement provided to Gambling911 Monday afternoon. "This positive growth shows the importance of investing in the city and that working collaboratively together can have a positive impact in our community.”  

- Aaron Goldstein, Gambling911.com

 

Gambling News

Spread on the 2021 Cure Bowl: Northern Illinois vs. Coastal Carolina

Spread on the 2021 Cure Bowl: Northern Illinois vs. Coastal Carolina

Gambling911.com has an early spread on the Cure Bowl for 2021 for the predicted matchup: Northern Illinois vs. Coastal Carolina We have the line at Chanticleers a -7.  This Bowl game takes place Friday December 17.

Seminole Tribe Suspends Florida Online Sports Betting App

Seminole Tribe Suspends Florida Online Sports Betting App

The Seminole Tribe of Florida shut down its online sports betting app Saturday after being dealt its latest legal defeat in a case that has halted a massive expansion of gambling throughout Florida.

Some Very Lopsided Betting in the NFL This Week

Some Very Lopsided Betting in the NFL This Week

Bookies will be sweating a few sides this week including the Colts seeing better than 90% of the wagering action against Houston.

2022 MLB Season to Start on Time Despite Lockout Possibilities Say Oddsmakers

2022 MLB Season to Start on Time Despite Lockout Possibilities Say Oddsmakers

MLB entered a lockout this week and BetOnline has activated a prop as to whether or not the 2022 season will start on time.

2021 Conference Championship Betting Action Revealed

2021 Conference Championship Betting Action Revealed

No team is seeing more heavy action than San Diego -6 (70%).

Syndicate