Atlantic City casino revenue remains flat
The resort’s casino industry saw revenues stay flat in June compared to a year ago, according to state gaming figures released Wednesday afternoon.
Casino revenue totaled $197.5 million, the same as in June 2016, according to the figures. The numbers include comparisons to when the shuttered Trump Taj Mahal Casino Resort was open.
Internet gaming grew by 23.4 percent. Revenues totaled about $20.2 million in April compared with $16.4 million a year ago.
“June’s report reflects continuing overall financial stability within the industry and increasing strength for internet gaming operations,” said David Rebuck, director of the state Division of Gaming Enforcement. “Both factors are positive indicators of the Atlantic City casino industry’s ability to successfully perform in an extremely competitive regional marketplace.”
If you take the Taj Mahal out of the equation, the city’s seven remaining casinos saw their revenue increase by 10.8 percent. The remaining casinos took in $197.5 million in June compared with $180.2 million in June 2016.
“These are solid numbers that show that casinos are attracting more business and increasing their market,” said Matthew B. Levinson, chairman and CEO of the state Casino Control Commission. “Gaming revenue for the current operators has now increased every month this year compared to last year. So far this year, total gaming win at the seven casinos is up 11.1 percent, with six of the current seven operators outperforming last year.”