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Atlantic City casino revenue down 5.1 percent in May

Wednesday , June 13, 2018 - 1:17 PM

By WAYNE PARRY
Associated Press

ATLANTIC CITY, N.J. (AP) — Atlantic City’s casino revenue declined by 5.1 percent in May compared with a year ago.

Figures released Wednesday by the state Division of Gaming Enforcement show the seven casinos won $217.6 million in May.

Internet gambling was up more than 15 percent, keeping the overall decline from being even worse.

The casinos won $24.3 million online in May.

“Somebody was lucky in May, but it wasn’t the casinos,” said James Plousis, chairman of the New Jersey Casino Control Commission. “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.”

The Golden Nugget won twice as much as its nearest online competitor as it continues to pull away in New Jersey’s internet gambling market, winning $8.6 million online in May.

Of the seven casinos, Tropicana (up 4.5 percent to $34.3 million), Golden Nugget (up 15.2 percent to $28.3 million) and Resorts (up 1.2 percent to $15.5 million) showed overall revenue increases for the month.

So far this year the casinos have won just over $1 billion, which is 4.3 percent behind the pace they were at over the same period last year.

Among internet-only entities, Caesars Entertainment-NJ was up 12.4 percent to just under $4.1 million. Resorts Digital was down 9.5 percent to $3.6 million.

But two of the five casinos that shut down since 2014 are due to reopen next month. The former Trump Taj Mahal is reopening as Hard Rock, and the former Revel is reopening as Ocean Resort, both on June 28.

This story has been corrected to show that three casinos posted monthly increases, not two.

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