Atlantic City casinos started the year on a downer note, as even the market-leading Borgata property earned less revenue than one year ago.
Figures released on Friday by the New Jersey Division of Gaming Enforcement (DGE) showed the state’s eight brick-and-mortar casinos earning a combined $175.5m in gaming revenue, 5.6% less than the same month last year. The decline falls to 3.8% if you count the record $14.6m earned by the state’s regulated online gambling market.
January’s numbers bring an end to the asterisks that had to be applied to the monthly figures following the closure of four of AC’s dozen casinos in 2014. For the first time in a long time, true apples to apples comparisons are possible, for which all of us mathematically challenged gambling scribes are profoundly grateful.
Leaving aside the online numbers, January’s results were evenly split between winners and losers. The Borgata suffered a rate setback, as gaming revenue fell 8.8% to $52.1m, although it helps to realize that January 2015’s numbers were up more than 18% year-on-year.