Atlantic City casinos enjoy March, Ocean Casino Resort rebrands

Atlantic City casinos reported a double-digit gaming revenue gain in March, but all but two of the seven veteran casinos reported year-on-year revenue declines.

The New Jersey Division of Gaming Enforcement says total brick-and-mortar gaming win (i.e. slot machines and table games) came in around $223.2m in the month of March, a 15.7% improvement over March 2018, which was negatively impacted by multiple winter storms. The result was also a damn sight better than February 2019’s $196.7m.

AC’s slots spun wildly in March, generating over $162.6m, up 18.5% year-on-year. The gaming tables also had a decent month, rising 8.7% to $60.5m. Combined with the record $39.1m generated by the state’s online gambling licensees and the $11.4m in sports betting revenue generated by AC casinos and the month’s total gaming revenue rose 25.3% to $273.7m.

Getting back to the purely slots & table stats, while the overall number was positive, only Caesars ($22.8m, +4.3%) and Resorts Casino Hotel ($14.9m, +0.6%) posted year-on-year gains. The other five casinos in operation in March 2018 were all negative, with Harrah’s suffering the biggest percentage decline, falling 16.5% to $26.4m.