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January 22, 2018 | Edition Nº3408

Online gambling profit reached USD 21M

Atlantic City casino revenue soars 4.3% in May

Atlantic City casino revenue soars 4.3% in May
Figures released by the New Jersey Division of Gaming Enforcement show that the local casino industry collected more than USD 229M in revenue last month.
United States | 06/15/2017

Figures released by the New Jersey Division of Gaming Enforcement show that the local casino industry collected more than USD 229M in revenue last month.

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ccording to a report published by the Start Tribune newspaper, official numbers reflected the continued steady rise of internet gambling revenue in the largest online market in the country. 

The data also showed the Golden Nugget surging to the top of New Jersey's hotly contested internet gambling market in May. Only Bally's saw a revenue decrease in May, and it was a minuscule decline of 0.3 percent, to $18.1 million.

The figures are the latest indication that after a brutal period of contraction in which five casinos shut down and more than 11,000 jobs were lost, the Atlantic City casino industry has regained its footing in a smaller market with less competition — at least for now.

The Borgata led the market, winning USD 71.8M in May, an increase of 10.6% from May 2016.

A resurgent Tropicana claimed second place with $32.8 million, up 21.5 percent from a year ago, and Harrah's was third at $29.5 million, up 0.2 percent.

Caesars ($29.4 million) had the largest percentage increase, up 23.6 percent; the Golden Nugget won $24.5 million, up 17 percent, and MGM Resorts won $15.3 million, up 9.8 percent.

For the month, the casinos won $144 million at slot machines, down 3.6 percent, and $64.3 million at table games, up 19.2 percent.

 

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