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Atlantic City casinos record successful 2017 despite below par December

The seven casinos in Atlantic City had a successful 2017 with aggregated land-based gross gaming revenues increasing by some 0.3% year-on-year to reach just over $2.41 billion despite the cumulative figure for December dropping by 1.8% to $186.23 million.

According to official figures (pdf) from the New Jersey Division of Gaming Enforcement, one of the biggest winners for 2017 was the Tropicana Casino and Resort Atlantic City, which is run by Tropicana Entertainment Incorporated, as the property saw annual gross gaming revenues from its casino swell by 14.5% to $348.33 million despite the December tally rising by only 0.3% to slightly over $26.76 million.

The nearby Resorts Casino Hotel additionally had a successful 2017 with its land-based gross gaming revenues improving by 10% year-on-year to almost $190.51 million although the venue operated by the Mohegan Tribal Gaming Authority recorded a comparative 2.4% decline for December to $13.89 million.

Similarly, Caesars Atlantic City, which is one of a trio of Atlantic City venues run by Las Vegas-headquartered Caesars Entertainment Corporation, posted a 7.6% boost year-on-year in annual land-based gross gaming revenues to $325.06 million despite its December figure falling by 20% to $23.71 million.

For its part, the Golden Nugget Atlantic City, which is owned by Landry’s Incorporated, recorded a 4.8% advance year-on-year in its annual land-based gross gaming revenues to $219.67 million as its figure for the 31 days of December progressed by 6.3% to hit $18.51 million.

Last year also saw the Borgata Hotel Casino and Spa from MGM Resorts International maintain its position as the most lucrative casino in New Jersey due to the giant property posting annual gross gaming revenues from its casino of $755.09 million, which represented an increase of 4.5% year-on-year, while December saw takings rise by 1.2% to $57.81 million.

Likewise, last year saw Harrah’s Resort Atlantic City post a 1.6% lift year-on-year in land-based gross gaming revenues to nearly $363.71 million with December’s takings rising by 0.4% to $29.24 million.

Finally, Bally’s Atlantic City recorded annual land-based gross gaming revenues for 2017 of $211.02 million, which was a drop of 0.1% year-on-year, while its December figure ascended by 5.2% to $16.28 million.

The New Jersey Division of Gaming Enforcement moreover revealed that online gaming win for December had amounted to $20.8 million, which reflected a swell of 12.9% year-on-year, while the industry had paid some $19.7 million in total tax and obligations for the month.

Atlantic City casinos record successful 2017 despite below par December was last modified: January 15th, 2018 by Adam Morgan

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