Atlantic City casino market records higher annual gaming revenues

The Atlantic City casino market had a good 2018 after its nine venues managed to re 7BALL cord a 9.2% increase year-on-year in annual aggregated gross gaming revenues to just over $2.9 billion and take in a combined $94 million from newly-legalized sportsbetting activities.

Combined comparative:

According to official ps (pdf) released by the New Jersey Division of Gaming Enforcement on Monday, the properties’ combined casino win for the twelve-month period rose by some 4% year-on-year to hit in excess of $2.5 billion while collective takings from online gaming swelled by 21.6% to hit approximately $298.7 million.

Top venue retains position:

The data for 2018 showed that the Borgata Hotel Casino and Spa had kept its position as New Jersey’s most lucrative casino thanks to annual gross gaming revenues of about $771.9 million. Although this represented a 4% drop year-on-year, it was partially offset by the MGM Resorts International facility recording around $6.3 million in yearly takings from sportsbetting.

Sportsbetting solace:

The ps from the New Jersey Division of Gaming Enforcement moreover revealed that the nearby Tropicana Casino and Resort Atlantic City had managed to chalk up around $380.9 million in gross gaming revenues for the entirety of 2018, which corresponded to a year-on-year decline of some 2.5%. But, the venue now owned by Gaming and Leisure Properties Incorporated significantly cushioned this result by recording the seaside city’s highest land-based takings from sportsbetting at $30.4 million.

Fluctuating falls:

Harrah’s Resort Atlantic City from Caesars Entertainment Corporation was next up courtesy of annual gross gaming revenues for 2018 of $332.9 million, which represented a diminution of 8.4% year-on-year, while its sister Caesars Atlantic City facility suffered an even larger comparable fall of 13.5% to see its overall twelve-month takings from gambling hit slightly over $281.3 million.

Boardwalk malaise:

Las Vegas-based Caesars Entertainment Corporation is furthermore responsible for Bally’s Atlantic City and this Boardwalk venue posted overall gross gaming revenues for 2018 of $191.8 million, which denoted a year-on-year decrease of 9.1%. By contrast, its parent’s Caesars Interactive New Jersey online gaming vehicle saw its annual win rise by 5.9% when compared with the previous twelve-month period to reach $45.5 million.

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Triumphant year:

Last year’s biggest winner seems to have been Golden Nugget Atlantic City after the 728-room venue owned by Landry’s Incorporated managed to record a 13.7% comparative swell in annual gross gaming revenues to $327.8 million with $1.7 million of this coming from sportsbetting.

Resorts Digital cushion:

By comparison, the official ps showed that Resorts Casino Hotel had witnessed a 3.3% year-on-year slump in its annual gaming revenues to $184.2 million. But, the property run by Mohegan Gaming and Entertainment managed to partially alleviate some of this decline with $657,500 in takings from sportsbetting alongside earnings of around $75.7 million via its Resorts Digital iGaming enterprise.

Newbies thrive:

Finally, the data from the New Jersey Division of Gaming Enforcement showed that the recently-opened Hard Rock Hotel and Casino Atlantic City recorded $166.7 million in gross gaming revenues for 2018 while the similarly-new Ocean Resort Casino Atlantic City saw its comparable tally hit $101.1 million.