..

Atlantic City Revenues Plummet in February

Written by:
Guest
Published on:
Mar/14/2018

ATLANTIC CITY, N.J. (Associated Press) — Atlantic City's table games and slot machines were as cold as the weather in February, with revenue down 6.5 percent from a year ago.

The city's seven casinos took in $192 million.

Without a $21 million boost from internet gambling, the decline would have been nearly 9 percent for February.

"Let's face it, February was a weak month," said Jim Plousis, chairman of the New Jersey Casino Control Commission. "Business was off at virtually every casino. I am hopeful that casinos can turn this around and start expanding the market as we move into the busier spring and summer seasons."

The Golden Nugget was the only casino to report an increase, up 16 percent to more than $25 million.

It did double the online casino business of its closest rivals ($7.9 million) as it continues to pull away from the pack in New Jersey's growing internet gambling market. Borgata and Resorts Digital each won about $3.8 million online, while Tropicana came in at $3.3 million and Caesars Interactive NJ won $3.2 million.

Overall, Caesars had the biggest monthly decline, down 23 percent to $17.5 million.

Resorts was down nearly 21 percent to $11.9 million, though its internet affiliate was up nearly 24 percent to $3.8 million.

Bally's was down 12.8 percent to $14.2 million; Tropicana, which recently took over the No. 2 spot in the Atlantic City market behind the Borgata, was down 7.2 percent to $29.2 million; Borgata was down 5.1 percent to $58.7 million; and Harrah's was down 4.3 percent to $28.2 million.

Gambling News

AP Column: Sports Betting Becoming More of a Sure Thing

AP Column: Sports Betting Becoming More of a Sure Thing

No one needed official evidence but it came anyway from the state of New Jersey, where people apparently really like to bet on sports. They put more than $1 billion on their favorites in September, the first time that has happened since the state legalized sports betting a little more than three years ago.

Can I Bet on Caesars Sportsbook From Louisiana?

Can I Bet on Caesars Sportsbook From Louisiana?

You cannot bet on the Caesars Sportsbook app from Louisiana, however, there are alternatives that include BetUS.

Kyrie Irving & Ben Simmons Props Emerge at BetOnline.ag

Kyrie Irving & Ben Simmons Props Emerge at BetOnline.ag

The NBA tipped off last night with a couple of high-profile matchups, but the season's storylines remain centered around a couple of enigmatic players.

Kyrie Irving has been banned from all Nets' activities until he receives the first dose of the COVID-19 vaccine.

Betting odds for Facebook’s name change

Betting odds for Facebook’s name change

Multiple media outlets are reporting that Facebook, the parent company behind Facebook, Instagram, WhatsApp, Oculus and more, will rebrand and announce a fresh name as early as next week.

Scoring on a two-minute drill is Changing the NFL Game

Scoring on a two-minute drill is Changing the NFL Game

The final two minutes of the fourth quarter in the 2021 NFL season has fundamentally changed the game.

Syndicate