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Atlantic City Enjoys Increased Visitors and Revenues

Atlantic City Enjoys Increased Visitors and Revenues

New figures from the New Jersey Division of Gaming Enforcement show that gambling revenues in Atlantic City increased over the first half of the year.

Revenues increased by 20% across all casino related operations. The change in fortunes has been attributed to reduced competition, an increase in online gambling and a slight trend towards house wins. In total the casinos took $1.7 billion in revenues. The venues saw a 0.6% combined increase in revenues and gross gaming revenue is up by 2.5% across all casinos. Year-on-year figures show a rose of almost 20% across all gaming and related operations.

Furthermore, there has been a rise in tourist numbers and there was a room occupancy rate of 85.8% in 2017, almost 7% higher than last year’s figures. All in all, it is good news for the city that had been struggling in recent years.

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.