Tag Archives: Atlantic City
Eight out nine Atlantic City casinos enjoy growth in March as online continues to boom
Online gambling rocketed to new heights in March in New Jersey increasing by 20 per cent to $197.2m, prompting an overall gambling high of $526.6m for the Garden State. There was good news forand despite in-person betting in casinos too with every casino aprt from market-leader Borgata, posting a positive trajectory compared to last year….
US – New Jersey’s online gaming and sports betting set new records in January
New Jersey’s gambling sector was off to a flier in the New Year with four records broken in January with only in-person gambling in casinos down. New records were set in online gaming revenue, sports betting revenue, the amount bet on sports, and the overall total for gambling and betting. The total amount won by…
US – New Jersey celebrates record year in 2023 but more than half of AC’s casinos in decline
New Jersey’s gambling revenue hit an all-time high in 2023, reaching $5.78bn, up 11 per cent from last year, driven by record revenues in online gaming and sports betting. Brought in to keep the land-based sector afloat, the two verticals accounted for half the revenue generated by Atlantic City’s nine casinos, three horse tracks that…
US – Four casinos now outperforming pre-pandemic earnings in Atlantic City
Online gaming revenue and sports betting reached close to their personal bests in New Jersey in September, helping drive gambling spend on the East Coast up by 7.5 per cent year-on-year, to $521.5m. The good news was boosted further by the fact that in-person gambling spend was higher this September at $246m than it was…
US – Atlantic City secures second-best May in nine years
New Jersey’s casinos, horse tracks, sports betting operators and online gaming generated $471m in May, up 9.4 per cent from a year ago, making it Atlantic City’s second best ever May. Revenue from in-person gamblers dropped by 2.4 per cent from a year ago, to $227.3m with only three casinos; Borgata, Hard Rock and Ocean…
US – Only four Atlantic City casinos making more profit than before the pandemic
Whilst Nevada’s casinos continue to boom, their counterparts in Atlantic City are struggling to bounce back in the post-pandemic world with only four of the nine casinos reporting an operating profit that was higher than what they achieved in 2019. Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the…
US – Atlantic City’s casinos post 15.3 per cent increase in January
Atlantic City’s casinos generated GGR of $211.6m from in-person gamblers in January, marking an increase of 15.3 per cent from the $183.6m generated in January 2022. Only three of Atlantic City’s nine casinos generated more last month than they did in pre-pandemic January 2019. The Borgata generated $58.3m, an increase of 20.6 per cent from…
US – New Jersey gaming up 1.8 per cent in December with casinos up 12.5 per cent
The New Jersey Division of Gaming Enforcement released the state’s numbers for December 2022 with casino win for the nine casino hotel properties coming in at $215.6m, marking a 1.8 per cent increase compared to $211.8 for December 2021. Total Gaming Revenue reported by casinos, racetracks, and their partners was $454.8m for December 2022, reflecting…
US – 4,500 Atlantic City casino workers reach tentative agreement with their employers
Casino Workers at four Atlantic City casinos reached a tentative agreement with their companies late Thursday night, in advance of a July 1 strike deadline. The union’s worker negotiating committee at the MGM-owned Borgata and Caesars Entertainment-owned Caesars, Harrah’s and Tropicana casinos have approved the agreements and will set a date for a ratification vote from…
