New Jersey’s land-based casino woes continued into the final month of last year, with Resorts once again the only long-standing property to post a profit for December, in new figures released by the state’s Division of Gaming Enforcement.
Its 2.3 per cent gain to $14.2m (2017: $13.8m) helped the Garden State to land-based revenues a little over $209m, a 12.3 per cent boost on 2017’s $186.2m.
The Borgata, who last week announced an $11m bar and sports betting revamp, remained market-leader with a slight decline to $57.4m (2017: $57.8m).
Harrah’s received the biggest hit dropping 19.3 per cent to $23.5m (2017: $29.2m), whilst Atlantic City’s two newest properties Hard Rock and Ocean Resort came in with $23.6m (Nov: $21.4m) and $11.8m (Nov: $11.6m).
The regions igaming market however continues to surge, with a 39.7 per cent increase year-on-year reaching $29m (2017: $20.7m), helping to total gaming revenues of $258.8m, representing a 25.1 per cent jump on 2017’s $206.9m.
Golden Nugget saw a 67.2 per cent increase help its monthly total come in at $10.1m (2017: $6m), followed by Borgata who rose 17.3 per cent to $5m (2017: $4.3m) and Caesars Interactive NJ whose 16.8 per cent boost saw revenues reach $4.4m (2017: $3.8m).
Resorts Digital’s 36 per cent increase saw its igaming revenues hit $4.3m (2017: $3.2m), ahead of the Tropicana, the only entry to see declining online win, with its $3.1m coming in 5.4 per cent below the previous years $3.3m.
Of the remaining two operations, Hard Rock and Ocean Resort saw revenues of $1.3m and $478,717 respectively.
New Jersey’s sports betting revenues dropped slightly from November’s $21.2m to $20.8m, with handle at the region’s online and retail sportsbooks coming in at $319.1m, as overall handle for the year to date topped the $1bn barrier.
FanDuel’s Meadowlands operated continues to lead the way with $9.1m in revenues for December, while it’s Resorts Digital which dominates the figures of the state’s casino licensees with $6.6m.