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April 2016 Revenues up in Atlantic City
Thursday May 12,2016 : APRIL REVENUES UP IN ATLANTIC CITY
Online casino performance the best yet.
The New Jersey Casino Control Commission chairman Matt Levinson had good news Thursday, announcing that Atlantic City revenues (including the online contribution) were up 8.1 percent year-on-year to $215 million in April 2016.
Taking out online returns, the increase was still 6.3 percent.
Online casinos did especially well, delivering revenues of $14.3 million for a new monthly record, besting the previous record in March 2016 of $13 million.
Levinson described the results as heartening, adding:
“Part of the increase is the result of casinos doing a better job of attracting new customers in a challenging business environment.”
In total revenue terms, Borgata topped the list, up 4.2 percent at $60 million, followed by:
Harrah’s – down 1.1 percent at $29.1 million
Tropicana – up 9.5 percent at $27.7 million
Caesars – up 9.7 percent at $24.7 million
Golden Nugget – up 13.3 percent at $20 million
Bally’s – up 12.2 percent at $18.1 million
Trump Taj Mahal – down 4 percent at $15 million
Resorts – up 14 percent at $13.9 million
Breaking out the online contributions:
Borgata $4 million
Resorts Digital - Pokerstars $3.5 million
Golden Nugget $3.3 million
Caesars $3.2 million
Tropicana $3.1 million
Total online revenue was $17 million, up almost 34 percent year-on-year from the same month last year, achieving a new record and continuing a three month run of very positive numbers.
Observers who have been monitoring the impact of Pokerstars on the New Jersey online market noted that this was the first full month of operations, and it pushed online poker revenue up by 30.4 percent year-on-year.
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