Atlantic City’s seven casinos kicked off 2018 with revenue decreases, aligned in part to a storm at the beginning of the month which dropped an abundance of snow across New Jersey and neighbouring states.
Figures released by the New Jersey Division of Gaming Enforcement reveal that total revenue for the period came in at $184.3m, representing a 9.9% decrease from the $204.6m figure shown in the same period during 2017.
Only the Golden Nugget posted a profit for the first month of the year, seeing revenue rise 1.7% from a little over $23m to $23.4m.
It was Caesars whose figures represented the largest decrease in numbers, tumbling to $21.7m from $28.2m, a 23% decline, followed by Harrah’s who reported a 16.3% drop from $28.1m to $23.5m.
Of the rest Borgata was down 10.2% to $57.7m, Bally’s fell 8.8% to $12.7m, Resorts dropped 6% to $11.6m and Tropicana’s figures showed $26.1m revenue, down 4.4%
It has been reported, however, that these figures are not indicative of how the region is set to perform in 2018, particularly with two casinos, namely the Hard Rock, formerly Trump Taj Mahal, and Ocean Resort Casino, formerly Revel, set to reopen their doors later in the year.
In terms of the New Jersey internet gaming market, revenue saw a 16.7% increase to $21.9m from $18.8m, with the Golden Nugget posting the most impressive figures.
Its 52.8% increase from $4.7 to $7.2m representing a marked rise, with the Borgata, it’s nearest competitor, bringing in a 10.2% increase of $4.1m.
Resorts Digital and Tropicana also saw increases in internet gaming, of 22.9% and 6.1% respectively, representing $3.8m and $3.2m, however Caesars Interactive reporting a 16.9% decrease in its figures, dropping from just over $4m to $3.3m.