Atlantic City Casino Revenue Down in November

With the Trump Taj Mahal casino now closed, casino revenue in Atlantic City declined 3.5 percent in November. However, revenue for the city’s seven remaining casinos was up 3 percent, reflecting a trend that has been happening since city casinos began closing in 2014.

The loss of the Trump Taj Mahal Casino sent Atlantic City casino revenue down 3.5 percent in November.

However, the city’s seven remaining casinos saw their revenue increase by 3 percent to about $197.3 million not counting the Taj Mahal’s figures from 2015. Overall, gambling revenue for the year is up by 1 percent to $2.39 Billion through November.

The numbers were buoyed again by strong online gaming figures, which brought in $17.2 million in November, up nearly 30 percent from a year ago. The Taj Mahal, which closed October 10, did not have an online gaming component.

According to figures released by the New Jersey Division of Gaming Enforcement, two casinos saw decline. The Borgata was down 0.2 percent compared to November 2015 to $57 million while Caesars dropped 12.4 percent to $21.3 million.

Tropicana casino was up 12.1 percent to $25.3 million; Harrah’s was up 2.4 percent to $30.8 million; Golden Nugget was up 2.7 percent to $16.7 million; Bally’s was up 6.6 percent to $16.3 million and Resorts was up .4 percent to $12.6 million.