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New Jersey Gaming Revenue Boosted By Sports Betting, New Casinos

But that only served to soften the blow, as total gaming win was down 4.3% year-on-year from January to May. Even with June’s remarkable turnaround, revenue is still down for the first half of 2018, but now only 2.3%. Despite only opening on June 27 (officially on June 28), new Atlantic City properties Hard Rock Casino and Ocean Resort helped to significantly bolster the boardwalk city’s casino win total. Hard Rock brought in $4.17 million in four days of operation, while Ocean generated $3.01 million. Remarkably, total casino win for June grew by $10 million, meaning Hard Rock and Ocean accounted for roughly 72% of that growth. The performance of the city’s existing seven casinos was a decidedly mixed bag, with Borgata and Caesars showing modest gains, Tropicana and Golden Nugget exhibiting larger gains, and Bally’s, Harrah’s, and Resorts all losing ground. Collectively, existing casino http://casinobingopzr.gaia-space.com revenue was up a scant 1.4%, and one does wonder if the number would be positive at all had the grandiose opening ceremonies at Hard Rock and Ocean not driven tons of foot traffic. At this juncture, it’s still difficult to glean an accurate picture of how the http://roulettemaxseyke157.wordpress.com new casinos will impact gaming revenue. On one hand, the threat of cannibalization is very real, with both Hard Rock and Ocean siphoning revenue from http://casinobingo9yz.zamsblog.com existing properties, possibly going so far as to threaten the livelihood of the city’s smaller casinos. On the other hand, the influx of new entertainment options — particularly at Hard Rock, which has already booked a wide variety of acts  — may serve as a tourism driver to Atlantic City, benefitting all properties. Time will tell, with the first indications coming in July, after both properties have been open for a full calendar month.

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