{"id":16391,"date":"2015-07-14T13:14:05","date_gmt":"2015-07-14T21:14:05","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=16391"},"modified":"2020-08-30T08:02:48","modified_gmt":"2020-08-30T16:02:48","slug":"web-wagers-boost-atlantic-city","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/web-wagers-boost-atlantic-city\/","title":{"rendered":"Web wagers boost Atlantic City"},"content":{"rendered":"<p>It was more of the same for <strong>Atlantic City<\/strong> last month. Overall gambling revenue slid 9.5%, even as surviving operators experienced <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Atlantic-City.jpg\"><img loading=\"lazy\" class=\"alignright size-medium wp-image-16131\" src=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Atlantic-City-300x199.jpg\" alt=\"Atlantic City\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Atlantic-City-300x199.jpg 300w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Atlantic-City-150x99.jpg 150w, https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-content\/uploads\/2015\/05\/Atlantic-City.jpg 801w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a>individual increases. The headline item is that <strong>Internet<\/strong> gaming grew 23%, bringing in almost $12 million. <strong>Borgata<\/strong> dominated that market, with a 30% share, while <strong>Caesars Interactive<\/strong>, <strong>Tropicana Atlantic City<\/strong> and <strong>Golden Nugget<\/strong> were all bunched together in a cage match for second place. With only 3% share, <strong>Resorts Atlantic City<\/strong> was a non-factor.<\/p>\n<p>Eight percent less coin-in led to a 10% slump in slot revenue. Table game action was even <!--more-->weaker, down 16.5%, although the damage was contained: Casino win was down only 8%. Play was 6% up at Borgata and the house won big: +42%. Even an 8% drop in slot handle couldn&#8217;t dampen the house&#8217;s luck: Borgata&#8217;s winnings were 11% up.<\/p>\n<p><strong>Trump Taj Mahal<\/strong> continued its race to the bottom, down 23.5% on a $15 million gross. It should flip places soon with Resorts, up 19% with $14 million won. A new, low-roller marketing campaign at <strong>Bally&#8217;s Atlantic City<\/strong> isn&#8217;t paying dividends yet. The casino was 3% down, winning $17 million. <strong>Caesars Atlantic City<\/strong> had a mild malaise, too, grossing $28 million for a 2% drop. <strong>Harrah&#8217;s Resort<\/strong>, not surprisingly, led the <strong>Caesars Entertainment<\/strong> pack, banking $32 million and a 7% increase.<\/p>\n<p>Borgata, which grossed $57 million, posted an 18% increase. <strong>Golden Nugget<\/strong> grew business 20% and grossed $17 million, Atlantic City&#8217;s equivalent of the Little Casino That Could. Finally, <strong>Tropicana Entertainment<\/strong> couldn&#8217;t work its usual magic last month, down 5% and winning $25 million.<\/p>\n<p>The odds of survival for the eight remaining casinos look good. When you look at where some of the corpses were this time last year ($11 million at <strong>Revel<\/strong>, $5 million at <strong>Trump Plaza<\/strong>) it&#8217;s amazing they could keep the doors open even then. New Caesars CEO <strong>Mark Frissora<\/strong>&#8216;s reputation as a cost-cutter does cause some apprehension, though, at least for Bally&#8217;s future.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It was more of the same for Atlantic City last month. Overall gambling revenue slid 9.5%, even as surviving operators experienced individual increases. The headline item is that Internet gaming grew 23%, bringing in almost $12 million. Borgata dominated that &hellip; <a href=\"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/web-wagers-boost-atlantic-city\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[109,23,60,7,37,167,157,129,19,21,169],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16391"}],"collection":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/comments?post=16391"}],"version-history":[{"count":2,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16391\/revisions"}],"predecessor-version":[{"id":27863,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/16391\/revisions\/27863"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=16391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=16391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=16391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}