Atlantic City’s online casinos started 2019 on solid footing, as hot ports got over cold tables.
According to the New Jersey Division of Video Gaming Enforcement, Atlantic City’s nine online casino drivers reported brick-and-mortar gaming earnings of $177.3 m in January, a 9.2% improvement over January 2018’s result.
That said, it bears discussing that the previous January struggled with a blizzard that disposed a foot of snow on the seaside gambling center, which unnaturally dispirited that month’s numbers (while also dispiriting the heck out of neighborhood citizens). And January 2019’s total was virtually $32m below December 2018’s holiday-aided haul.
Anyway, January’s gains were total because of its slot machines, which reported revenue up 15.1% to $126.1 m, while the table game total was down 3.1% to $51.2 m. Include the record $33.6 m created in January by the casino sites’ on the internet gambling companions plus the $18.8 m from sporting activities wagering and the month’s overall pc gaming revenue figure was up almost one-quarter to $229.6 m.
Speaking purely in slots-and-tables terms, just one of Air Conditioner’s gambling enterprises remained in positive income territory in January, so take a bow Resorts Online casino Resort ($12.6 m, +8.8%). All the remainder were firmly negative, consisting of market-leader Borgata ($50.4 m, -6%), Harrah’s ($21.5 m, -8.6%) and the Tropicana ($21m, -8.6%). The month’s largest loser was Caesars, which lost 21.3% to $17.1 m.
The decreases remain to burnish the narrative that AC’s 2 newest places– Acid rock Atlantic City as well as Sea Hotel Online casino— are failing to expand the total market. The Acid rock reported earnings of $15.6 m in January, a more than one-third decline from December $23.6 m and also a brand-new record low for the young home, while Sea Hotel Casino took care of a moderate gain, climbing about $750k to $12.65 m.
Ocean Hotel lately revealed the level of its decline considering that its late-June 2018 launch, having supposedly booked a bottom line of $22.7 m in just 5 months. The numbers were exposed in a regulative hearing at which Ocean Resort’s sale to New York hedge fund Luxor Resources Team got preliminary approval. Still yet to be revealed is just how Luxor prepares to make a go of the property where many others have fallen short.
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