Casinos in Atlantic City grossed $207 million last month, an 8% declivity from 2019, as players tightened their purse strings. Overall, slot revenues were down 1% on a commensurately lower amount of coin-in. The house played unluckily at the tables, falling 22% on 16% less wagering. For Borgata ($48 million) the numbers were a catastrophic 47% plunge at the tables on 30% less betting and looser hold, compounded by 6% less slot win on 6% less coin-in for a total 18% decline. The Caesars Entertainment threesome tumbled 26%, driven by terrible table win (-47% on 33% less betting) and poor slot performance (-17% on 13% less coin-in). Individually, Caesars Atlantic City plummeted 42.5% to $16 million, Harrah’s Resort slipped 12% to $22.5 million and Tropicana Atlantic City slid 21% to $19 million.
Only two casinos were revenue-positive. Hard Rock Atlantic City skyrocketed 59% to $37 million and Ocean Resort soared 46% to $28.5 million. New-look Bally’s Atlantic City was still down 17% to $11 million, Resorts Atlantic City declined 12.5% to $12 million and Golden Nugget grossed $12 million, a 30% falloff.
Continue reading Atlantic City stutters; Shocker in New Orleans; Palms changes hands today
