Atlantic City Casino Revenues Shrink in May

Casinos in Atlantic City, New Jersey saw their revenues shrink by 5.1% when compared to the same period last year, but online betting helped stem some of the losses from land-based destinations.

Casinos won $217.6 million from punters during the month, which is a lower take than what was brought in last year. Internet betting was up 15% from May 2017, with casinos hauling in $24.3 million during the period. The Golden Nugget was the biggest online winner, taking in $8.6 million during the period. Caesars online operations were up 12.4% to $4.1 million, while Resorts Digital was down 9.5% to $3.6 million.

Casino analysts are stating that win was down due to some lucky players at the tables. New Jersey Casino Control Commission Chairman James Plousis said, "Somebody was lucky in May, but it wasn't the casinos. Casino win was down last month largely because casinos were unusually lucky at the tables last year in May, and players kept more of their money this May."

Revenues could tick up again this month, as the Hard Rock Atlantic City and Ocean Resort casinos will be opening their doors on June 28th, bringing entertainment and players to the shore.

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bgsharpe
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18 June 2018 - 11:29am
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So too many too lucky punters in Atlantic City casinos in May.

I wish I've got one of these casino analyst's job, sounds like a piece of cake, you could explain everything with ease - just the players 've been too lucky Cigarette