Atlantic City’s eight casinos seem to be weathering the storm around the city’s municipal government fairly well, reporting relatively flat revenue for March compared to 2015.
The city’s eight casinos saw their revenue decline by less than 1 percent in March compared to a year ago. Figures released Wednesday by the state’s Division of Gaming Enforcement show the casinos took in $202.9 million in March, a decline of only 0.4 percent compared to March 2015, according to an analysis by the Associated Press.
The figures come one week after the casinos reported collective gross operating profits rose that by more than 40 percent in 2015.
Online gambling in the state also continued to grow with a nearly 18 percent increase from last March to $15.5 million.
Matt Levinson, chairman of the New Jersey Casino Control Commission, said the continued strength of online gambling and a small increase in slot revenue offset a decline in revenue from table games.
“Gamblers did play more at the table games, but they won more, too,” he said is a press release.
Slot machine revenue was $132.8 million, and table games brought in $54.6 million, according to the AP.
According to the AP, four of the city’s casinos saw revenue increases for the month. Resorts was up 17.8 percent to $13 million. Bally’s was up 9.6 percent to $17.4 million. The Tropicana was up 6 percent to $25.6 million. The Golden Nugget was up 3.6 percent to $19.8 million.
The largest decline came at Harrah’s, which was down 11.8 percent to $28.5 million. Other declines included the Taj Mahal, down 10.3 percent to $13.2 million; Caesars, down 4.6 percent to $22.2 million, and the Borgata which took in $57.9 million, but still a decline of about 4 percent from last year.
The Borgata led in online gaming with $4.2 million in online winnings, up 0.8 percent from a year ago. The Tropicana and Caesars Interactive-NJ, each with $3.16 million, and the Golden Nugget were closely competing for second place. Resorts Digital had $1.8 million in online winnings in March, the AP said.
For the first three months of the year, the casinos have won a collective $597 million, which is 3.1 percent ahead of their pace over the same period last year, according to the AP.
