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Tag: Atlantic City casinos

  • Atlantic City Casinos Post 10 Year Record • This Week in Gambling

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    Atlantic City casinos posted their best summer in more than a decade, with August revenue figures showing strong gains across in-person gambling, internet gaming, and sports betting. According to the New Jersey Division of Gaming Enforcement, the city’s nine casinos generated $312 million from in-person gambling in August, a 6.1 percent increase compared with the same month last year. When including internet gaming and sports wagering, the total revenue for the month climbed to $642.2 million, up 15.7 percent year over year.

    The June through August summer period produced $855 million in in-person gambling revenue, marking the strongest three-month stretch since 2012. That figure represented a 5.5 percent increase over last summer, signaling a return to pre-pandemic strength for Atlantic City casinos and the industry. Online gambling also set new records, with internet gaming generating $248 million in August. Despite the growth of online platforms, physical casinos outperformed them for the fourth straight month, underscoring the resilience of brick-and-mortar operations in Atlantic City.

    Sports betting continued to add to the overall revenue picture. Nearly $778 million was wagered in August, resulting in almost $82 million in revenue for operators. Industry leaders welcomed the results. The president of the Casino Association of New Jersey described the summer numbers as encouraging and said the industry hopes to carry the momentum into the fall and winter months. The chairman of the Casino Control Commission highlighted that August represented the strongest monthly win since 2012 and noted that New Jersey surpassed $4.5 billion in total gaming revenue this year faster than ever before.

    At the property level, Borgata led all casinos with $80.2 million in in-person gambling revenue for August. Hard Rock followed with $55.9 million, while Ocean Casino reported $41.2 million. On the digital side, FanDuel, DraftKings, and BetMGM ranked as the strongest performers, with FanDuel recording a more than 38 percent increase compared to last year. The strong summer showing has helped Atlantic City casinos offset slower results earlier in the year. Through August, the industry is up 2.8 percent in total gaming revenue compared with the same period in 2024, a marked turnaround from the weaker performance seen at this point last year.

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  • Atlantic City Casinos Face Big Challenges • This Week in Gambling

    Atlantic City Casinos Face Big Challenges • This Week in Gambling

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    If you keep up with the gambling industry, then you know that Atlantic City casinos have been fighting an uphill battle for quite a while. They were struggling before the pandemic hit, and the shutdown certainly didn’t help them. Now they are facing even more threats to their survival, both from out-of-state competition and other New Jersey gambling.

    Atlantic City casinos are looking at challenges from the growth of casinos in New York State and the New Jersey Meadowlands. During the recent East Coast Gaming Congress hosted at the Hard Rock casino, industry veterans acknowledged the imminent threat posed by the planned issuance of three new casino licenses in downstate New York.

    Jim Allen, the chairman of Hard Rock International, brought attention to the potential consequences of New York’s rapidly growing gaming scene on Atlantic City’s revenue streams. Projections indicate a substantial potential decrease of up to 30% in on-site gambling revenues. While expressing faith in the resilience of Atlantic City’s Hard Rock establishment, Allen cautioned against the potential ramifications of closures, evoking memories of the industry slump experienced between 2014 and 2016.

    Meanwhile, Atlantic City Mayor Marty Small expressed a sense of urgency in the matter. “Now more than ever we know there’s a threat coming with New York City gaming…” Small said at the conference. “We understand the threat. We want to continue to work together to do things right to put Atlantic City into a prime position…”

    President of the Resorts Casino and the Casino Association, Mark Giannantonio,, confirmed the seriousness  of the situation, but still expressed optimism about the future of Atlantic City casinos. He believes they still have a couple of years to get more police on the streets and clean up the homelessness problem… but the clock is ticking.

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