Atlantic City Casinos See 4 Percent Revenue Increase

Casino revenue for Atlantic City’s casinos was up four percent for September. If figures for the now-closed Trump Taj Mahal are excluded, however, revenue for the city’s seven remaining casinos was up nearly 7.9 percent. The seven casinos won $235.8 million. Online gambling in the resort had another strong month taking in $20.4 million, an about 25 percent increase over 2016.

Atlantic City casinos had a good September with revenue of 5.8 million, up 4.1 percent over September 2016.

However, if revenue figures for the now -closed Trump Taj Mahal—which closed in October 2016—are excluded, the seven remaining Atlantic City casinos saw a 7.9 percent increase in revenue.

Online gambling in the resort had another strong month taking in $20.4 million, an about 25 percent increase over 2016. It was the seventh consecutive month that online gambling revenue topped $20 million.

“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 percent, 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 in a press release.

For the year to date, gambling revenue for the city’s casinos reached $2 billion through September, compared with $1.8 billion in 2016. Total online gambling revenue for the year is up 27.1 percent to $183.6 million through September, compared with about $144.5 million a year ago.

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

Five of the seven casinos currently operating showed increases in September, led by the Golden Nugget, which was up 14.1 percent to $24.6 million, according to an analysis by the Associated Press. Bally’s was down 1.7 percent 1 to $17.8 million and Caesars was down 0.1 percent to $29.8 million.

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