Atlantic City casinos posted the year’s first monthly revenue decline, although the numbers (as always) look more favorable once you play the apples and oranges game.
On Friday, the New Jersey Division of Gaming Enforcement (DGE) released its summary of Atlantic City’s brick-and-mortar gaming revenue for the month of April, during which revenue fell 3.6% year-on-year to $191m.
However – in Atlantic City’s ever-changing market, there’s always a ‘however’ – subtracting contributions from the now-shuttered Trump Taj Mahal and comparing only the seven casinos functioning this year and last, April’s brick-and-mortar gaming revenue was up 4.2%. Throw in the $20.8m earned by the state’s online gambling operators and April’s total gaming win is up 5.8% to $211.7m.
The year-to-date numbers for the current operators are more impressive, with total gaming win up 11% to $843.6m.