Atlantic City Casino Revenue Up 8 Percent for April

Despite the uncertainty about Atlantic City’s municipal finances, its eight casinos saw another rise in revenue for April. The city’s casinos seem to have stabilized after four properties shut down in 2014.

Atlantic City’s eight casinos saw their collective revenue increase by 8.1 percent to 5 million in April compared with April 2015.

The calendar helped as there were two more weekend days in the month in 2016, but officials said the figures continue to show the city’s market has stabilized.

“Part of the increase was the result of a favorable calendar, but part of it is also the result of casinos doing a better job of attracting new customers in a challenging business environment,” said, Matt Levinson, chairman of the New Jersey Casino Control Commission calling the overall results “very heartening.”

According to an analysis by the Associated Press, Resorts posted the biggest monthly increase, up 14 percent to $13.8 million. At just under $20 million, the Golden Nugget was up 13.3 percent from a year ago, and Bally’s was up 12.2 percent to $18.1 million.

Caesars was up 9.7 percent to $24.7 million; Tropicana was up 9.5 percent to $27.6 million; and the Borgata was up 4.2 percent to just under $60 million, by far the largest win in the city.

The Trump Taj Mahal was down 4 percent to $14.9 million, and Harrah’s was down 1.1 percent to $29 million.

Internet gambling had another good month, taking in $16.9 million for an increase of nearly 34 percent over last April.

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