Atlantic City Posts Revenue Gain Thanks to Online Gambling

Atlantic City casinos posted their first annual gaming revenue gains in a decade, and the credit is primarily due to their online gambling operations.

Figures released Thursday by the New Jersey Division of Gaming Enforcement show the state’s seven surviving casinos generated brick-and-mortar gaming revenue of $189.7m in December, a 6.8% gain over December 2015. Throw in the $18.4m generated by state-licensed online gambling sites and the year-on-year gain rises to 8.6%.

If you compare only the revenue generated by the seven casinos that were open to the public in both Decembers, the year-on-year brick-and-mortar gain rises to 13.6%, while the total gaming win (counting the online contribution) was up 15%.

December’s numbers were goosed by a particularly strong showing at AC’s gaming tables, which reported revenue up 22.8% to $58.4m, while slots were up only 1% to $131.3m. All seven remaining AC casinos were in positive territory, although Bally’s just barely qualified with a 0.3% year-on-year rise.

More at Calvin Ayre

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