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US – Atlantic City starts summer in fine form

By - 16 June 2017

Atlantic City’s casinos have enjoyed a great start to the summer with GGR for the month of May up 4.3 per cent with total earnings hitting the $229m mark.

The increase would have been 12 per cent if the now shut Trump Taj Mahal had not been included.
The New Jersey Division of Gaming Enforcement also revealed that online gaming revenues were up 27 per cent in May to $21m, just under the record monthly total set in April.

Matt Levinson, Chairman of the New Jersey Casino Control Commission, said: “That’s a great start to the summer. With all of the events planned around the city for the summer, I anticipate we will see casino revenues continue to increase.”

The Borgata Hotel and Casino remains the top-earning casino, generating GGR of $71.8m in May, marking an increase of 10.6 per cent from May 2016.

Tropicana was second with $32.8m, showing an increase of 21.5 per cent from a year ago, with Harrah’s coming in third place with GGR of $29.5m, up just 0.2 per cent.

Caesars recorded the largest percentage jump of 23.6 per cent with GGR hitting $29.4m whilst the Golden Nugget increased by 17 per cent with GGR of won $24.5m and Resorts generating $15.3m, an increase of 9.8 per cent. Tropicana increased by $5.8m and Harrah’s by $66,000.

David Rebuck, Director of the Gaming Enforcement Division, added: “With a solid performance to date and now on the cusp of the busy summer season, the Atlantic City casino industry seems well positioned to capitalise on these positive trends.”

So far in 2017, Atlantic City’s casinos have generated a total of $971.8m, an improvement of a $17.5m over the corresponding months in 2016.

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