Tuesday December 15,2015 : LITTLE PROGESS FOR ATLANTIC CITY REVENUES IN NOVEMBER
Win up by just 1 percent and could have been worse but for internet revenue boost.
Figures released Monday by the New Jersey Division of Gaming Enforcement show that Atlantic City casino win was $204.3 million in November, a disappointing year-on-year increase of 0.9 percent that could have seen a decline if it were not for revenues generated by the internet gambling operations of the casino companies.
The eight remaining operators continued to struggle as state lawmakers pondered proposals for a state-wide referendum to help decide whether to expand New Jersey gambling beyond the boundaries of Atlantic City
Brick-and-mortar win was down 1.4 percent, but that was offset by an increase of more than 51 percent in online gambling revenue, the regulator reported.
Internet gambling brought in $13.2 million in November, compared with $8.7 million in November 2014.
Matt Levinson, chairman of the New Jersey Casino Control Commission, acknowledged that “a healthy increase in Internet gambling” had turned a potentially negative month into one that was positive, albeit only marginally.
Borgata retained the top spot in the online sector with $4.1 million from internet operations; whilst Tropicana unseated Caesars Interactive in second place, reporting $2.9 million. That was made more remarkable by a solid Caesars Interactive performance which saw an outstanding year-on-year improvement of 147 percent to $2.7 million.
Golden Nugget took the fourth spot on $2.2 million, whilst Resorts Digital (partnered by NYX and, soon, Pokerstars) continued to ramp up at $1.2 million.
Overall, the Atlantic City casinos have won $2.37 million so far this year – a worrying 7.1 percent decline from the same period last year.