Atlantic City Casinos Down 4% To $253m In May

admin, June 11, 2013 2:19 pm

Atlantic City Casinos Down 4% To $253m In MayThe New Jersey Division of Gaming Enforcement has released its casino figures for May, revealing a 3.8% decline in revenue to $253.1 million, compared to the same month last year. From that total, slot machine takings were down by 3.7% to $180 million, while table games revenue was down by nearly 4% to $73 million.
Although Atlantic City’s casino industry has continued to record falling year-on-year revenue results, the latest figures have actually been received positively as they were far below the declines reported in January (-13.7%), February (-12.5%), March (-10.5%) and April (-12.1%).
Commenting on Atlantic City’s May’s casino results, Tropicana Casino president Tony Rodio, said: “I think it’s a general stabilization of the market. If we can keep the low-percentage declines and get close to even as we enter the crucial summer months, that would be a positive indicator.”
During May, four out of Atlantic City’s 12 casinos actually posted increases in revenue, headed by The Atlantic Club Casino Hotel up 24.5% to $13.3 million. Also in positive territory was Resorts Casino Hotel up 20% to $12.6 million; Caesars Atlantic City up 6.9% to $32.5 million; and the Borgata Hotel Casino & Spa up 4.8% to $52.4 million.
On the other side of the coin, Trump Plaza Hotel and Casino lead the list of decliners, down 27.1% to $6.9 million, followed by Revel down 19.6% to $11.2 million, although it still represented Revel’s best month since its September 2012 tally of $16.8 million. Also reporting falls in revenue was The Golden Nugget Atlantic City down 11.6% to $9.5 million; Bally’s Atlantic City down 11% to $23.1 million; the Showboat Casino Hotel down 10.9% to $16.8 million; The Trump Taj Mahal Casino Resort down 10.7% to $22.3 million; the Tropicana down 9.2% to $20.8 million; and Harrah’s Resort Atlantic City down 8.5% to $31.1 million.
For the first five months of 2013, Atlantic City casinos have now generated $1.138 billion, which is down 10.4% compared to the same period in 2012.

Poker News
Spanish Online Poker Revenue Jumps 27% in Q1
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Japan Introduces Responsible Gambling Bill
Japan Introduces Responsible Gambling Bill
28 May 2018
Japan’s bicameral legislature, known as The National Diet, consists of an upper House of Councillors and a lower House of Representatives, with the latter having started discussing the Integrated Resorts Implementation Bill last week. Being debated is the regulatory framework required in order to set up an efficient and well functioning casino market in the
Ohio Casino Revenue Up 1% to $71.8m in April
Ohio Casino Revenue Up 1% to $71.8m in April
17 May 2018
The Ohio Casino Control Commission has released its gambling results for April, with the state’s four casinos collecting $71.8 million last month, up by almost 1% compared to the prior year. Meanwhile, the Buckeye State’s seven racinos fared considerably better, with their revenue rising by 8% to $89.7 million from their slots and video gaming
NJ Generates Record iGaming Revenues in February
New Jersey iGaming Market Posts Second-Highest Month in April
15 May 2018
In April, New Jersey’s online gambling market saw its revenue rise by 10.6% to $23 million versus the same month in 2017, with the amount posted second only to the record $25.6 million collected in March 2018. As a result, the Garden State has now generated $92.5 million over the first four months of this