Some Good News: Atlantic City’s Casino Revenue Is Up Almost 19 Percent
Following a brutal 2014 where several Atlantic City casinos closed leaving thousands unemployed, the eight remaining casinos appear to be doing better.
Revenue last month at Atlantic City's surviving eight gambling halls was up almost 19 percent compared to this time last year; they brought in a total of $197.5 million. Every casino saw a revenue gain, except for Trump Taj Mahal, which was down 21% from this time last year. When the four closed casinos are added into the mix, casino revenue was still up about one percent from last January. Internet gambling took in $11.5 million last month -- that's up from $10.7 million in December.
Matt Levinson of the New Jersey Casino Control Commission tells the Associated Press it might be too soon to proclaim that Atlantic City has turned the corner, but he says the increases are encouraging.
Here are January's revenue numbers compared to January, 2014:
Bally's: $15.8 million (+6.7%)
Borgata: $60.9 million (+16.6%)
Caesars: $23.1 million (+29.8%)
Golden Nugget: $18.3 million (+69.6%)
Harrah's: $30.7 million (+20.1%)
Resorts: $11 million (+31.8%)
Tropicana: $22.5 million (+28.6%)
Trump Taj Mahal: $12.1 million (-21.2%)
The Associated Press contributed to this report.