“Business is building”

Atlantic City casino revenue soars in September

Reading time 1:02 min
According to figures released last week, the state's seven remaining casinos posted revenue gains. The gambling halls saw a revenue increase of 8% compared with the same period last year.

Excluding the closed Trump Taj Mahal, overall casino gambling revenue amounted to $235.8 million during the month, compared with more than $218.4 million in September 2016.

“More than half of the casinos had their best September in a decade or more, and the current operators as a group were up 7.9%, some of which was the result of having one more Saturday than in September last year,” stated Matthew B. Levinson, chairman and chief executive officer of the Casino Control Commission.

For the year to date, gambling revenue for the remaining casinos reached $2 billion through September, compared with $1.8 billion in the prior period, representing a 9% hike.

“This isn’t just luck. Business is building,” Levinson pointed out. “Revenue at one operator was flat, but every other casino and every internet operation was up for the first nine months of this year.”

The growth the industry is experiencing shows the city is moving in the right direction, argued Michael Clay, administrator of the Financial Investigations Unit with the state Department of Gaming Enforcement.

“The Atlantic City casino industry revenue results for September continue the 2017 trend of overall stability and individual property growth,” Clay commented. “These casino gaming results provide a strong foundation for the anticipated expansion of Atlantic City’s hospitality and gaming amenities in 2018.”

Internet gambling revenue soared by 27.1% to $183.6 million in September, compared with more than $144.5 million a year ago.

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