Tag Archives: Atlantic City
US – Only four Atlantic City casinos making more profit than before the pandemic
Whilst Nevada’s casinos continue to boom, their counterparts in Atlantic City are struggling to bounce back in the post-pandemic world with only four of the nine casinos reporting an operating profit that was higher than what they achieved in 2019. Based upon filings from the casino licensees made with the Division of Gaming Enforcement, the…
US – Atlantic City’s casinos post 15.3 per cent increase in January
Atlantic City’s casinos generated GGR of $211.6m from in-person gamblers in January, marking an increase of 15.3 per cent from the $183.6m generated in January 2022. Only three of Atlantic City’s nine casinos generated more last month than they did in pre-pandemic January 2019. The Borgata generated $58.3m, an increase of 20.6 per cent from…
US – New Jersey gaming up 1.8 per cent in December with casinos up 12.5 per cent
The New Jersey Division of Gaming Enforcement released the state’s numbers for December 2022 with casino win for the nine casino hotel properties coming in at $215.6m, marking a 1.8 per cent increase compared to $211.8 for December 2021. Total Gaming Revenue reported by casinos, racetracks, and their partners was $454.8m for December 2022, reflecting…
US – 4,500 Atlantic City casino workers reach tentative agreement with their employers
Casino Workers at four Atlantic City casinos reached a tentative agreement with their companies late Thursday night, in advance of a July 1 strike deadline. The union’s worker negotiating committee at the MGM-owned Borgata and Caesars Entertainment-owned Caesars, Harrah’s and Tropicana casinos have approved the agreements and will set a date for a ratification vote from…
US – Ocean Resort brings new slot and entertainment zone to its gaming floor
Ocean Casino Resort will launch The Gallery Bar, Book & Games, a 12,000-square-foot venue this summer that will complete Ocean’s recent $25m casino floor transformation. “Ocean is dedicated to being the premier gaming destination in the Atlantic City market,” said Bill Callahan, General Manager for Ocean Casino Resort. “This new venue will enhance the guest experience by providing an unbeatable atmosphere right…
US – Atlantic City smoking ban could result in 2,500 job losses
A smoking ban on Atlantic City casinos could cause a loss of up to 2,500 jobs and have a significant economic impact on the State of New Jersey, according to new analysis by Spectrum Gaming Group, an independent research and professional services firm. The report concludes that approximately 10 per cent of the Atlantic City…
US – Ocean Resorts to build new sports betting and gaming venue
Ocean Resort Casino will begin construction in March of a new venue that will blend an entertaining bar, lounge, and gaming experience with sports wagering. Following last year’s $15m casino floor redesign, today’s announcement confirms Ocean’s position as the East Coast’s premier gaming destination. The $4m concept is scheduled to make its debut this summer with…
US – Atlantic City’s casinos creeping back up to pre-pandemic levels
The Casino Association of New Jersey (CANJ) announced today that Atlantic City saw a year of modest growth amid the ongoing COVID-19 pandemic, according to the December 2021 Division of Gaming Enforcement (DGE) gaming revenue results report. Figures released by the New Jersey Division of Gaming Enforcement show that Atlantic City’s nine gaming floors generated GGR…
US – New Jersey Legislature passes new PILOT tax relief plan for casinos
The New Jersey Legislature has approved a new casino PILOT bill, to provide tax relief to Atlantic City’s casinos and help them recover from the pandemic. The bill will now go to Governor Phil Murphy’s desk. With the amendments, the variable payment starts at $110m in 2022 and can range between $100 and $120m based on gaming…
