Atlantic City truly hasn’t seen big increases in land-based revenue for quite some time. It’s all about online and sports betting,” Lupo told WOND <\/i>radio in January.\u00a0<\/span><\/p><\/blockquote>\n“We need more transparency in how the third-party online companies are doing,” the Hard Rock exec added. “We need help with these [Atlantic City] properties. We need to see the city revitalized, and that’s not going to happen when the media is reporting increases when they add in online revenue, and that revenue is going to third-party companies that don’t have any stake in the [Atlantic City] game.”<\/p>\n
Others See Differently<\/b><\/h2>\n
Lupo might have a point, but others say $60 million in additional revenue is more than enough to make up for some of the land-based losses. And it’s worth pointing out that profits for Atlantic City casinos totaled $95.1 million in the first quarter of 2021. Eight of the nine casinos turned a profit, Bally’s being the exception.\u00a0<\/span><\/p>\n\n
“Atlantic City’s total gaming revenue grew 24 percent compared to pre-pandemic June 2019,” New Jersey Casino Control Commission James Plousis said in a statement to Casino.org<\/i>. “For three consecutive months, its growth has exceeded 20 percent compared with the strong results of 2019.<\/p>\n<\/div>\n
“I’ve seen first-hand that visitation to Atlantic City is on the rise, tourists are happy to be coming back, and the summer is off to a positive start,” Plousis concluded.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"Atlantic City casino brick-and-mortar gross gaming revenue (GGR) totaled $214.5 million in June 2021. That’s a loss of nine percent, or $21.5 million, compared with June 2019.\u00a0 The headlines are reading as if the gaming market in New Jersey’s casino town is better than ever. The Associated Press title reads, “Atlantic City Casino Win $345 […]<\/p>\n","protected":false},"author":25,"featured_media":179944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,19],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casino Revenue in June Down Nine Percent<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n