Atlantic City Casinos Falter, Online Operations Shine
The land-based casinos in Atlantic City didn’t do as well as everyone had hoped in April 2017, with the overall revenue collected from land-based gambling dropping compared to April 2016. While the land-based operations didn’t do as well as hoped, the online casinos operated in Atlantic City continued to perform well.
Atlantic City Land-Based Casinos Falter, Not All Bad Though
The information is courtesy of the New Jersey Division of Gaming Enforcement (DGE), which released figures showing that the seven land-based casinos in Atlantic City had collected $190.9 million over the course of April 2017. Go back 12 months, however, and the city generated $198 million, meaning that 2017 saw a 3.6% drop in revenue.
However, it isn’t all bad news as there were more casinos last year. If you factor in the closing of the Trump Taj Mahal, the gambling income generated actually increased by 4%. Most of the casinos in the city saw their numbers increase, including Caesars, Tropicana, Borgata, and Golden Nugget, while only Ballys and Harrahs recorded a decrease. Tropicana was the biggest winner of them all, with revenue increases of 24% recorded.
Online Gambling Increases
The news for the Atlantic City gambling industry could have been even worse in April if it wasn’t for the performance of the online casinos. These Internet gambling sites managed to generate just under $21 million, which equates to an increase of 22.6% compared to the previous year. When it comes to the largest online casino growth, Golden Nugget takes the case, earning $5.3 million, a very impressive 63% increase over April 2016.
Atlantic City Players get Lucky
The casinos in Atlantic City have also identified player luck as a contributing factor to the less than ideal casino performances. Players seemed to be a bit luckier this April then they were last year, which leads to the casino not making as much money. This is nothing new to land-based casinos and just comes with the territory of gambling.