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Atlantic City Casinos Report Significant Revenues Rises

Atlantic City Casinos Report Significant Revenues Rises

Things seem to be improving in Atlantic City with gambling revenues up by 4.3% in May compared to the same period last year with total earnings of $229 million.

Furthermore, if the closed Trump Taj Mahal is ignored, then the seven remaining casinos would have reported a 12% increase last month. The figures from the New Jersey Division of Gaming Enforcement also show an increase in online gambling in the state. Online revenues were up by more than 27% in May to $21 million.

The Borgata Hotel and Casino had the best figures winning $71.8 million May, up 10.6% from last year. Tropicana was second with $32.8 million, up 21.5%, Harrah’s was third with revenues of $29.5 million up 0.2% while Caesars had the largest percentage increase, up 23.6% to $29.4 million. The Golden Nugget was $24.5 million up (17%) and Resorts was $15.3 million better off, up 9.8%.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.