Atlantic City casino revenue plunges in February

The resort’s brick-and-mortar casinos saw a slight decline in revenue in February from a year ago, according to state gambling numbers released Monday.

Brick-and-mortar casino properties took in $186.6 million in revenue, compared to $190 million last February. The numbers are still comparisons from when the city was operating with eight casinos. If the Trump Taj Mahal Casino Resort is removed from the equation, the city’s brick-and-mortar casino win went up nearly 5 percent from a year ago. The Taj Mahal closed in October.
Internet gambling continued to grow, jumping from $14.7 million in 2016 to $18.7 million last month.

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This growth meant the city’s total gambling win was $205.4 million compared with $204.7 million for February 2016, reflecting a 0.3 percent increase

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For the year to date, the city’s seven casinos have taken in $372.5 million, a jump of 9.3 percent, compared with the same period last year. Total gambling win was $410 million, up 10.7 percent compared with the same period last year.

Matthew Levinson, chairman and CEO of the Casino Control Commission, said an increase in slot revenue and internet gambling more than offset a decline at tables games last last month.

Resorts and Tropicana Atlantic City posted large year-over-year increases in their total gambling win, posting 21.4 percent and 28.1 percent increases respectively.

Borgata posted the largest total loss, taking in $16.3 million compared with $17.1 million last year, a drop of 4.7 percent.