“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>\nBally’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":"\n
Atlantic City Casino Revenue Soars in July, Borgata Enjoys Record Month<\/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