Atlantic City casinos took a step back in February, as the eight remaining operators saw gaming revenue decline 2% to $168m.
While the decline can be chalked up to a prolonged spate of frigid temperatures across the US northeast, it comes as a disappointment following January’s nearly 18% year-on-year gain. The decline would have been nearly 15% if contributions from the four casinos that closed last year were included. The $168m figure doesn’t include the $10.4m the state’s regulated online gambling market earned in February.
As ever, the Borgata was top banana with $44.9m, although that was down 2.1% year-on-year. Runner-up Harrah’s rose 3.9% to $27.4m while Caesars fell 3.7% to $24.7m and the Tropicana slipped 1.5% to $19.4m.
The Golden Nugget enjoyed the month’s biggest gain, rising 15.4% to $14.5m, allowing it to eclipse Bally’s, which fell 13.6% to $14.4m. Resorts gained 10.6% to $10.7m while the Trump Taj Mahal continued to struggle, falling 22.7% to $12.1m.