Atlantic City casinos saw a 14.8 percent decline in revenue in a snowy, cold February compared to February 2014.
The decline includes revenue from three casinos that closed in the resort after February—the Atlantic Club Casino closed in January 2014. But even the eight surviving casinos saw their revenue fall by 1.9 percent compared with last year.
The eight casinos won $178.4 million in February.
‘It comes as no surprise that February’s snows and brutally cold temperatures hurt casino revenues,” said Matt Levinson, chairman of the New Jersey Casino Control Commission. “The internet gaming operations turned in a strong performance even though one lucky player hit a $1.5 million online jackpot.”
Online brought in $10.4 million in February, up nearly 1 percent from a year ago, but it was hurt by the $1.5 million jackpot won by a player on www.betfaircasino.com.
The biggest monthly increase was seen by the Golden Nugget with $15.9 million, up 22.5 percent from February 2014. Resorts was up 11.1 percent to $10.7 million. The Tropicana won $22 million, up 4.6 percent, and Harrah’s won $27.4 million, up 3.9 percent.
The Trump Taj Mahal, which is in a bitter bankruptcy proceeding, won $12.1 million, down $22.7 million from a year ago. Bally’s Atlantic City was also down 13.6 percent to $14.3 million; Caesars was down 3.7 percent to $24.6 million, and the Borgata turned in a rare monthly decline, falling 2.7 percent to $48.6 million.
So far this year, the eight surviving casinos have won $375.9 million, down 7.2 percent from the same period last year according to the Associated Press.
