Atlantic City’s eight surviving casinos continue to show signs of health, with only one gaming venue posting a year-on-year revenue decline in July
Total brick-and-mortar gaming revenue in the seaside casino hub rose 7.1% to $245m in July. Factoring in contributions from the casinos that have closed since July 2014, the revenue figure would be down 7.3%. Neither figure includes the $12.5m in online gambling revenue New Jersey’s licensed operators earned in July.
The Borgata not only led the elite eight in revenue generation at $71.8m, it also posted the month’s largest gain, rising 19.2% year-on-year. By comparison, second-place finisher Harrah’s was up a mere 1.5% to $36.1m.
The Tropicana upended the traditional rankings by knocking Caesars Atlantic City into fourth place. The Tropicana rose 5.2% to just under $29.2m, while Caesars rose 3.1% to $29m.