Atlantic City Casinos Starting off With a Bang in 2017, Revenue up Almost 8% from 2016
2017 seems to be treating Atlantic City casinos pretty well, so far. Starting off on the right foot all the casinos left open have posted, so far, year-on-year gains. The figures for January were released earlier this week by the New Jersey Division of Gaming Enforcement showing $185.9 million for gaming revenue for the month for all seven land-based venues still open. This amount is a 6% increase compared to last year. If you include the online gambling sites’ revenues, then the annual gain is 15.2%.
Casino table game activities is the winner with the gains coming mostly from all table games. Compared to slot machine play it only seen a 0.6% increase with table games rising to the top with a 18.3% surge compared to last year.
The weather played a big part with the revenue boosts too. January seen a hard winter with storms abroad as well New Jerseyan’s losing at least one full weekend. Borgata led the market, again, with its online gambling services declining just a bit, but their land-based casino making up for the absent of online activity. Borgata’s revenue amounted to $60.5 million, a 16.2% increase compared to last year.