Atlantic City Casino Revenue July 2019
Aug 24, 2020 How bad are the second quarter revenue figures for the Atlantic City casinos? The state Division of Gaming Enforcement, in its press release filed on Monday afternoon, declared, “In light of the casino closures, the Net Revenue and Gross Operating Profit (Loss) for the 2nd quarter and year-to-date are not comparable to the 2019 period.”. ATLANTIC CITY, N.J. (AP) — New Jersey's casinos and horse tracks won $264.5 million in July after reopening amid the coronavirus outbreak, a figure that was down nearly 21% from a year ago, but one. May 14, 2019 With the two new properties bringing the number of casinos to nine, a monthly report from the Division of Gaming Enforcement shows the total gaming revenue reached $302.1 million in July, bringing. For 2019 as a whole, total revenue was up 9.5% to $3.16b, despite every casino besides Hard Rock and Ocean (and the two digital-only ops) reporting negative revenue growth. The Borgata fell 1.3% to.
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Another Year-Over-Year Increase for NJ Casinos
Overall June was another positive month for Atlantic City casinos, collectively speaking, with total gaming revenue showing a 21.5 percent increase year-over-year according to the New Jersey Division of Gaming Enforcement.
A ccording to data released Monday by the New Jersey Division of Gaming Enforcement, significant year-over-year declines in brick-and-mortar casino revenue resulted in a nearly 10% overall dropoff for the entire industry. Atlantic City’s nine casinos reported $260.86 million in total gaming revenue last month, compared with $288.6 million in November 2019. Statewide, the total.
After earning $233.6 million in June 2018, the state's casinos' revenue totaled $283.8 million, marking a 13th-straight month of increases in the Garden State.
The Press of Atlantic City points out, however, that the streak of revenue increases may be coming to an end soon, given that June will represent the last full month of year-over-year comparisons between seven operating casinos (in 2018) and nine (in 2019).
Both the Hard Rock Hotel Casino Atlantic City and the Ocean Casino Resort first opened their doors during the last week of June 2018.
Industry observers echoed that point, including Rummy Pandit of the Lloyd D. Levenson Institute of Gaming, Hospitality & Tourism at Stockton University. Pandit noted to the Press how 'this... trend [of increases] we should expect to see through 2019 and beyond, however year-over-year and month-to-month comparisons will likely be less pronounced.'
Gaming consultant Bob Ambrose, an adjunct professor at Farleigh Dickinson University, likewise speculated that 'we'll see a level of consistency going forward, [though] perhaps (without) these large double-digit spikes that we've seen in the last (year).'
When looking at total gaming win (combining casino win, internet gaming win, and sports wagering revenue), two casinos showed year-over-year increases in June — the Borgata (up 7.7 percent) and Golden Nugget Atlantic City (up 2.2 percent).
Meanwhile showing decreases were the Resorts Casino Hotel (down 5.1 percent), Caesars Atlantic City (down 5.8 percent), Bally's Atlantic City (down 7.9 percent), the Tropicana Atlantic City (down 13.9 percent), and Harrah's Atlantic City (down 17.3 percent).
The Ocean Casino Resort enjoyed its best month ever in June with total gaming revenue of almost $21.5 million, while Hard Rock Atlantic City earned more than $32.5 million, nearly matching its best-ever month of $32.7 million in July 2018.
The overall casino win was up 13.7 percent year-over-year, with the internet gaming win also well ahead of a year ago, totaling $38.1 million in June 2019 versus $22.7 million in June 2018 for a 67.8 percent increase.
That said, online gaming revenue was down slightly from the $38.3 million earned in May. Sports wagering revenue was down month-to-month as well, from over $15.5 million to $9.7 million in June, although the latter total still represents a big increase over June 2018's $3.45 million (the first full month of sports betting in the state).
Of note — almost 83 percent of wagers made on sporting events in New Jersey in June were made via online or mobile platforms, the Press reports.
Stars Come Out for NYC Charity Tournament
Rounders co-writer Brian Koppelman, bestselling author and Team PokerStars Pro Maria Konnikova, and actor Kevin Pollak were among the participants in the Take 'Em to School Poker Tournament in Manhattan on Wednesday.
The event raised more than $550,000 for Education Reform Now, a charity designed to promote standards and accountability in public eduction, in particular for students of color and those coming from low-income families.
Bloomberg was there to provide a detailed report of the event which also saw a number of deep-pocketed hedge fund managers take part, among them Marc Lasry of the Avenue Capital Group and co-owner of the Milwaukee Bucks and David Einhorn of Greenlight Capital.
Also participating were former New York Knicks players Charles Smith and John Starks. The annual event was again presented by World Poker Tour Foundation, and the WPT's Vince Van Patten, Lynn Gilmartin, and Tony Dunst were on hand as well.
With billionaires among the participants, the scene as described by Bloomberg sounded not that far removed from one that might appear in an episode of Billions, the Showtime series created by Koppelman and his Rounders co-writer David Levien along with Andrew Ross Sorkin. In particular it evokes one from a second season episode featuring a Wall Street charity poker tournament called the 'Alpha Cup.'
Theatrical producer Ayal Miodovnik ultimately won the tournament.
Three Pennsylvania Online Casinos Now Open, No Poker As Yet
A couple of weeks ago in this space we were on the edge of our seats readying for a 'soft launch' of the first online casinos in Pennsylvania. After all, anticipation had built up considerably since state regulators had announced in April that the 'live period for interactive gaming will commence on July 15, 2019.'
That date finally arrived, and as anticipated both Parx Casino and Hollywood Casino at Penn National Race Course were both up and running with online casinos by the target date, with the Sugarhouse Casino also joining the fun with the launch of their online casino a couple of days later.
All three sites are offering a number of different types of online slots as well as some table games like blackjack, roulette, and baccarat. While there are some video poker games available as well, none has as yet offered online poker per se.
All three have licenses to open online poker rooms along with their casinos, as do Harrah's Philadelphia Casino & Racetrack, Mount Airy Casino Resort, Valley Forge Casino Resort, and the Wind Creek Casino and Resort (formerly Sands Bethlehem).
Atlantic City Casino Revenue July 2019 Calendar Printable Free
Speaking for the Pennsylvania Gaming Control Board just before the first online casinos' launch, Doug Harbachtold The Philadelphia Inquirer the sites would begin with slots and table games 'played against a computer,' and that 'online peer-to-peer poker, which involves human competitors, is more complicated and will be launched at a later date.'
Speaking to pokerfuse a couple of days later, Harbach reiterated that as far as online poker in Pennsylvania is concerned, 'we cannot predict a timeline on that now' and that 'poker will be rolled out when operators are prepared to do so.'
Photo: 'Stacking chips,” World Poker Tour, CC BY-ND 2.0.
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The New Jersey Division of Gaming Enforcement has released the July revenue totals for casinos in Atlantic City, which shows the area not only saw an increase for the month, but also during the first seven months of 2019.It’s very easy to start betting, just visit the https://odds.am/tr/competition/111/belarus_v__seysaya_liga/fixtures/?season=2020 platform and select any betting office presented, based on the rating or other features. Next, you only need to choose the appropriate outcome and place a bet. In July, the nine operating casinos in Atlantic City earned $323.3 million. This was an increase of 7.8% from the same month in 2018. For the first seven months of this year, the casinos earned $1.85 billion.
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This is just over 18% more than the same time frame in 2018.
July Numbers:
Last month was significant for Atlantic City as it was the first month that would equally compare the market including nine casinos plus sports betting since June of last year. The Ocean Casino Resort and the Hard Rock Casino first opened in June of last year.https://doniaweb.com
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While the month was a good one in terms of revenues earned, it was the first month in over a year that the percentage increase was not in the double digits. However, an increase is an increase, even if it is just under 8%.
Of the nine operating casinos in the region, five were able to see an increase in revenue when compared to July 2018. These venues were the Borgata, Golden Nugget, Ocean Casino, Hard Rock and the Resorts Casino Hotel.
The Borgata had a stellar month, earning $88 million in gaming revenues, which is a new record for the company. The monthly total was their very best to ever be recorded during their 16-year operating history. Table games helped push the number up, coming in at over $31.8 million, which was a record number as well.https://churchm.ag
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According to The Press of AtlanticCity…
Stockton University’s executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, Rummy Pandit, stated that July continued to show a positive growth trend for the Atlantic City area. Pandit stated that the pie is continuing to grow and the slices are getting larger.
Revenue Drop:
It was Bally’s Atlantic City, Harrah’s, Caesars and the Tropicana that saw a drop in revenues for July. These properties are operated by Caesars Entertainment Corp. and Eldorado Resorts Inc., two companies that are currently working on a merger worth $17.3 billion.
Atlantic City Casino Revenue July 2019
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Atlantic City Casino Revenue July 2019 Calendar Printable Free
Bally’s was down 11.3% when compared to last year, with $18.25 million in earnings.https://metro.co.uk Harrah’s and Caesars were basically neck and neck with $29.8 million and $29.9 million in earnings respectively. Tropicana was able to bring in $32.9 million.
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