It’s been a tough winter for Atlantic City’s seven casinos as revenue declined for a second consecutive month falling 6.5 percent in February.
Online gaming, however, was still strong taking in $21 million. All told, the city’s seven casinos took in $192 million for the month according to figures released by the New Jersey Division of Gaming Enforcement.
“Let’s face it, February was a weak month,” said Jim Plousis, chairman of the New Jersey Casino Control Commission in a press release. “Business was off at virtually every casino. I am hopeful that casinos can turn this around and start expanding the market as we move into the busier spring and summer seasons.”
Only the Golden Nugget Atlantic City had a good month with a revenue increase of 16 percent over February 2017 to $25 million. That was also helped by the casino’s strong online presence in the state, bringing in $7.9 million. According to an analysis by the Associated Press, that’s almost twice the amount brought in by the casino’s nearest competitors.
Borgata and Resorts Digital each won about $3.8 million online, while Tropicana came in at $3.3 million and Caesars Interactive NJ won $3.2 million.
Caesars Atlantic City saw the biggest overall decline, down 23 percent to $17.5 million. Resorts was down about 21 percent to $11.9 million, though its online revenue was up 24 percent.
Bally’s was down 12.8 percent to $14.2 million; Tropicana, which recently took over the No. 2 spot in the Atlantic City market behind the Borgata, was down 7.2 percent to $29.2 million; Borgata was down 5.1 percent to $58.7 million; and Harrah’s was down 4.3 percent to $28.2 million, according to the AP.
