Atlantic City Casinos Win Down Less Than 1 Percent in August

Submitted by Guest on

Written by :

Guest

Published on :

Atlantic City Casinos Win Down Less Than 1 Percent in August

ATLANTIC CITY, N.J. (Associated Press) — Atlantic City's casinos won slightly less from gamblers in August than they did a year earlier, according to figures released Wednesday by the New Jersey Division of Gaming Enforcement.

The data showed that the seven casinos won $244.8 million in August, a decline of 0.4 percent compared with August 2016.

But when the now-shuttered Trump Taj Mahal is excluded, Atlantic City's casino revenue was up by 5.5 percent from a year ago. The Trump Taj Mahal shut down last October.

"August capped off a very solid summer for the casinos in Atlantic City," said Matt Levinson, chairman of the New Jersey Casino Control Commission.

Internet gambling also continued on a tear in New Jersey, up 32.4 percent in August compared with a year earlier. The casinos won more than $16 million online last month.

Five of the seven casinos currently operating showed increases in August, led by Tropicana, which was up 13.5 percent to $37.4 million.

The Borgata was up 7.8 percent to nearly $74.7 million; Resorts was up 6.5 percent to $18.6 million; the Golden Nugget was up 5.2 percent to $25.1 million; and Bally's was up 0.2 percent to $20.9 million.

Harrah's was down 3.9 percent to $32.2 million, and Caesars was down 0.6 percent to $27.7 million.

"We all know that summer is the crucial time for casinos, and a strong performance from Memorial Day to Labor Day is key to their success," Levinson said. "When you see improvements like these month after month, season after season, a trend is clearly emerging. New Jersey's operating casinos are getting stronger and healthier."

In internet gambling, the Golden Nugget continued to hold the top spot in August, with nearly $5.2 million in online revenue, an increase of nearly 50 percent from a year ago. Caesars Interactive-NJ won $4.4 million; Borgata won $4.2 million; Tropicana won $3.8 million, and Resorts Digital won $3.5 million.

For the first eight months of the year, Atlantic City's casinos have won $1.8 billion, which is 2 percent ahead of their take at the same point last year. Excluding the Taj Mahal, the seven surviving casinos are 9.2 percent ahead of where they were at this point last year.

Related Content

Red casino chips stacked on top of blue chips

Why Canadian Players Are Flocking to Online Casinos with Instant Withdrawals

Casinos that offer instant withdrawals are becoming the preferred choice, not because they are flashy, but because they give players immediate access to their winnings.
Baltimore city skyline

Baltimore Becomes Second U.S. City to Sue Sweepstakes Casinos

According to the lawsuit, the companies violated Baltimore’s Consumer Protection Ordinance by operating illegal online gambling platforms disguised as lawful sweepstakes.
Plane flying over Vegas Welcome sign

Las Vegas Casinos See More Than 15K Canadian Visitors in One Month By Honoring $1CAD as $1USD

Circa Resort & Casino, the D Las Vegas and Golden Gate Hotel & Casino to Continue Currency Parity Program Through Aug. 31.
Spartan

Lil Baby, X7Dave Reportedly Sign Multi-8-Figure Contract With Spartans.com Online Casino

Streamers these days are making a killing promoting online casinos. 

Such is the case with the signing of X7Dave (David Raizman) is a prominent, high-stakes casino streamer.  He is reported to have just signed a $32 million annual deal with Spartans crypto casino, featuring a $2 million community leaderboard, making him one of the top creators in the gambling space.