Atlantic City Casinos Down 4.6% To $195.7m In January

New Jersey has released its gambling figures for January, revealing Atlantic City’s 11 casinos generated $195.7 million in revenue last month, a decline of 4.6% compared to the $205 million taken in the same month in 2013. However, the casinos’ online operations contributed $9.5 million to total revenues, without which AC casinos would have reported a sharper decline of 9.2% for January.
Initially, it was predicted by Gov. Chris Christie that internet gaming would surpass $1 billion in revenues for the whole of the year, with around $180 million then going into state coffers. The state’s online gambling industry, however, generated just $7.4 million in December and $9.5 million in January, which, although massively down on forecasts, still shows a 28% increase month on month, and the potential for huge growth.
The Borgata and Caesars Interactive still continue to dominate the market with 73% of total online revenues, and commenting on its early foray into online gambling,  Caesars Interactive spokesman  Seth Palansky, said: “It was a very strong month for us. We saw huge growth in casino revenue, and significant growth in poker revenue, too. We started marketing in earnest in January, and the promotions we offered our customers really seemed to resonate well. We’re very encouraged on how the New Jersey market is performing for us across all three of our brands, CaesarsCasino.com, Harrahscasino.com and WSOP.com.”
Turning our attention to land-based casino revenues, the Revel Casino Hotel recorded the biggest increase of 23% to $9.8 million, followed by The Golden Nugget up 10% to $10.5 million. Meanwhile, the Borgata reported moderate growth of 2.5% to $48.3 million, and the Resorts Casino Hotel was up by 2.4% to $8.3 million.
On the flipside, Trump Plaza revenues declined by a massive 26.7% to $3.5 million, Caesars Atlantic City was down 23.4% to $17.8 million, the Taj Mahal was down 18.2% to $15.4 million, the Showboat Casino Hotel was down 17.3% to $11.2 million; Bally’s Atlantic City was down 15.7% to $14.8 million. In addition, Tropicana was down 8.8% to $16.6 million and Harrah’s Resort Atlantic City was down 3.9% to $25.6 million.