{"id":38394,"date":"2016-08-15T11:42:05","date_gmt":"2016-08-15T18:42:05","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=38394"},"modified":"2016-08-15T12:35:04","modified_gmt":"2016-08-15T19:35:04","slug":"atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/","title":{"rendered":"Atlantic City Casino Revenue Soars in July, Borgata Enjoys Record Month"},"content":{"rendered":"

Atlantic City casino revenue jumped 6.9 percent in July compared to the same month in 2015. The city’s eight casinos still in operation pulled in $275.2 million, $17.7 million more than a year earlier.<\/p>\n

\"Atlantic
Atlantic City casino revenues were up at most properties during July, but Carl Icahn’s Trump Taj Mahal was an exception. The long-troubled casino will shut down permanently in less than a month after a long battle with unions. (Image: Heidi Gutman\/Getty Images)<\/figcaption><\/figure>\n

The headliner of the revenue report is the Borgata<\/a> Hotel Casino, which recently became wholly owned by MGM Resorts.<\/p>\n

Atlantic City’s most profitable resort had its best month in its 13-year history. With gross revenues totaling $84.8 million in July, Borgata eclipsed its previous monthly record and took full advantage of the an extra weekend and Independence Day holiday.<\/strong><\/p>\n

“While we expected a good month with five full weekends, we are very pleased with a record-breaking month,” Borgata Senior Vice President Joe Lupo told the Associated Press.<\/p>\n

Taj Mahal Trumped<\/h2>\n

Along with Borgata, four of the other seven land-based casinos posted percentage gains in July. One that didn’t was not surprisingly the Trump Taj Mahal.<\/p>\n

The Unite-HERE Local 54 union strike<\/a> commenced on July 1 over health insurance and pension benefits at the formerly Trump-owned property. More recently purchased by the GOP candidate’s billionaire friend Carl Icahn, the casino tallied incomes of just $17.5 million, eight percent less than in 2015.<\/p>\n

Icahn says he will end the casino’s 26-year run following the Labor Day weekend. Gaming officials say the month was positive, regardless of the announcement that yet another Atlantic City casino is closing.<\/p>\n

“July was a solid month, even though several properties faced challenges including a strike by union employees,” New Jersey Casino Control Commission Chairman Matt Levinson said.<\/strong><\/p><\/blockquote>\n

Bally’s (4.8 percent) and Harrah’s (5.2 percent) were the other two casino properties that posted losses in July.<\/p>\n

Table games were the best performers percentage-wise, with a nearly $7.5 million comparative boost to $75.7 million. Slots still pulled in the vast majority of casino income per se, however, with a $182.2 million win.<\/p>\n

Year-to-date, Atlantic City casino revenue is up 1.5 percent, and a total of 3.2 percent when the state’s Internet gaming is factored in.<\/p>\n

Online Gambling Strong<\/h2>\n

The long summer month of July brought tourists and money to Atlantic City, but online, the economy was also sunny.<\/p>\n

Internet gaming totaled $17,368,984 during July. That’s a 38.6 percent increase from 2015 and a new monthly high for that segment.<\/p>\n

Borgata maintained its lead on the five casino operators involved in iGaming, but the gap is closing.\u00a0Borgata’s online platforms grossed $3,971,138. The Golden Nugget, up 36 percent in July, pulled in $3,706,991.<\/p>\n

The Internet gaming market in New Jersey seems to be moving towards equal disbursement. Once dominated by Borgata, last month the smallest stakeholder was Resorts with $3,052,298, a difference of less than $1 million.\u00a0The Tropicana generated $3.24 million, while Caesars collected $3.39 million.<\/p>\n

Resorts has quickly become a major player in New Jersey’s online gaming sector. Thanks to the arrival of its poker network PokerStars, the casino climbed from $558,000 in revenue in July 2015 to $3 million last month.<\/p>\n

The world’s largest Internet poker operator hit the Garden State last March after a lengthy vetting process by the New Jersey Department of Gaming Enforcement (DGE). It’s currently battling neck-and-neck with WSOP\/888 for the title of New Jersey’s online poker market leader.<\/p>\n","protected":false},"excerpt":{"rendered":"

Atlantic City casino revenue jumped 6.9 percent in July compared to the same month in 2015. The city’s eight casinos still in operation pulled in $275.2 million, $17.7 million more than a year earlier. The headliner of the revenue report is the Borgata Hotel Casino, which recently became wholly owned by MGM Resorts. Atlantic City’s […]<\/p>\n","protected":false},"author":42,"featured_media":38402,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\nAtlantic City Casino Revenue Soars in July, Borgata Enjoys Record Month<\/title>\n<meta name=\"description\" content=\"Atlantic City casino revenue was up nearly seven percent in July compared to the same month in 2015, as the Borgata posted the best month in its history.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic City Casino Revenue Soars in July, Borgata Enjoys Record Month\" \/>\n<meta property=\"og:description\" content=\"Atlantic City casino revenue was up nearly seven percent in July compared to the same month in 2015, as the Borgata posted the best month in its history.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-08-15T18:42:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-08-15T19:35:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/08\/Atlantic-City-casino-revenue-Carl-Icahn.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1940\" \/>\n\t<meta property=\"og:image:height\" content=\"1090\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/\",\"url\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/\",\"name\":\"Atlantic City Casino Revenue Soars in July, Borgata Enjoys Record Month\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/08\/Atlantic-City-casino-revenue-Carl-Icahn.jpg\",\"datePublished\":\"2016-08-15T18:42:05+00:00\",\"dateModified\":\"2016-08-15T19:35:04+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Atlantic City casino revenue was up nearly seven percent in July compared to the same month in 2015, as the Borgata posted the best month in its history.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-soars-in-july-borgata-enjoys-record-month\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/08\/Atlantic-City-casino-revenue-Carl-Icahn.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/08\/Atlantic-City-casino-revenue-Carl-Icahn.jpg\",\"width\":1940,\"height\":1090,\"caption\":\"Atlantic City casino revenues were up at most properties during July, but Carl Icahn's Trump Taj Mahal was an exception. 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