Home / Gaming / AC internet gaming revenue continues to rise in April – Press of Atlantic City

AC internet gaming revenue continues to rise in April – Press of Atlantic City

ATLANTIC CITY — Internet gaming revenue continued to rise in April while monthly casino win increased for the first time in 2018 over the previous year.

E-gaming revenue for Atlantic City casinos last month was $23 million, a 10.6 percent increase compared with $20.8 million for the same period in 2017, according to figures released Monday by the state Division of Gaming Enforcement. April’s internet revenue fell short of March’s record-setting haul of $25.6 million.

The industry generated $191.4 million in revenue from slot and table games last month, compared with $190.9 million in April 2017, a 0.3 percent increase.

The industry’s total gaming revenue for the month was $214.4 million, a 1.3 percent increase compared to the same period last year.

ATLANTIC CITY — Four nor’easters in March likely had an impact on the resort’s gaming figure…

Borgata Hotel Casino & Spa was the highest-grossing property in the city in April, generating $57.7 million, a 7.9 percent decrease from the same month last year. Resorts Casino Hotel had the largest percentage increase, 23.3 percent, in April 2018 compared to the same month last year. The city’s first casino, which celebrates its 40th anniversary this month, took in $17.2 million last month compared with $13.9 million in April 2017.

James Plousis, chairman of the Casino Control Commission, said that while April’s numbers were encouraging, the bigger news was Monday’s decision by the U.S. Supreme Court to strike down a federal ban on sports gambling.  

“I anticipate sports wagering will fuel future growth for the casinos and add a new attraction for visitors on top of the expected opening of the Hard Rock (Hotel & Casino Atlantic City), which we licensed last week, and Ocean Resort (Casino),” Plousis said in a statement. “Put all that together, and it should be a strong summer and a brighter future for New Jersey’s gaming industry.”

Year-to-date, casino revenue has decreased by 6.1 percent to $716.7 million, compared with $763.5 million in 2017. Internet gaming year-to-date revenue is $92.6 million, an increase of 15.5 percent. Total year-to-date industry revenue was $809.3 million, a decrease of 4.1 percent compared with 2017.

Source link

Check Also

Ofsted chief accuses schools of 'gaming' the system by entering pupils for easy GCSEs – Daily Mail

A minority of schools are still gaming the system and putting their own interests above …

Leave a Reply

Your email address will not be published. Required fields are marked *