{"id":23084,"date":"2018-12-13T10:16:31","date_gmt":"2018-12-13T18:16:31","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=23084"},"modified":"2018-12-14T17:33:52","modified_gmt":"2018-12-15T01:33:52","slug":"newcomers-lose-ground-in-atlantic-city","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/newcomers-lose-ground-in-atlantic-city\/","title":{"rendered":"Newcomers lose ground in Atlantic City"},"content":{"rendered":"

November was good for Atlantic City<\/strong>, up 12.5% and down only 5% on a same-store basis. The $209 million haul was propelled by a 12.5% \"\"increase in slot win\u00a0and a 13.5% jump in table revenues. A 17% drop in table win at Borgata<\/strong> helped pull its revenues down 7%, while Borgata slots slipped 3%. Caesars Entertainment<\/strong> caught a break, down 7.5% but with 3% higher table win (despite 13% less wagering) but slot win tumbled 11%. A 6% falloff in slot win at the Tropicana Atlantic City<\/strong> helped pull it down 4%, although table win was 3% higher. Only Resorts Atlantic City<\/strong> posted a gain (10%), grossing $16.5 million.<\/p>\n

Ocean Resort<\/strong> slipped further into last place, booking less than $12 million in revenue. Borgata was tops with $56 million, followed by the Trop’s $25.5 million and Harrah’s Resort<\/strong>‘s $25 million (-11%), Caesars Atlantic City<\/strong>‘s $22 million (-3%) and Hard Rock Atlantic<\/strong> City’s ($21.5 million). Farther back were the Golden Nugget<\/strong> ($16.5 million, -6.5%) and Bally’s<\/strong> ($14.5 million, -7.5%). \"\"Sports betting in New Jersey<\/strong> vaulted 27%, reaching almost $331 million. Of that, $238.5 million was achieved through mobile wagering, far outstripping the terrestrial sports books. Statewide win<\/em> approached $20 million. Walkup sports betting was led by the Meadowlands<\/strong>‘ FanDuel Sportsbook<\/strong>, (new home<\/a> to Australia<\/strong>‘s PointsBet<\/strong>), which won $2.5 million. Ocean Resort<\/strong>, doing at least one thing right, was #2 with almost $2 million.\u00a0“DraftKings<\/strong>‘ advantage from being the first to hit the online market is slowly beginning to dissipate, and no New Jersey sportsbook will be affected more by legalization in New York<\/strong> than FanDuel at The Meadowlands,” warned PlayNJ.com<\/strong> analyst<\/a> Dustin Gouker<\/strong>. Cumulative handle in the Garden State is $928 million since the inception of sports betting. By contrast $528 million was wagered in Nevada<\/strong> in October\u00a0alone.<\/p>\n

* By contrast, Pennsylvania<\/strong> slot revenue was relatively calm, up 1%, as gambling rapidly proliferates in the Keystone State. The most dramatic change was a 19% moonshot at Valley Forge Casino Resort<\/strong> \"\"($7.5 million), benefiting from an infusion of Boyd Gaming<\/strong>. Parx Casino<\/strong> was up 9% ($33 million), while Rivers Casino<\/strong> gained 8% to $23 million. Harrah’s Philadelphia<\/strong> ($15 million), The Meadows<\/strong> ($16 million) and Hollywood Casino<\/strong> ($16 million) were all flat. Sands Bethlehem<\/strong> ($22.5 million, -6.5%) continues to lose business to Resorts World Catskills<\/strong>, as does Mohegan Sun Pocono Downs<\/strong> ($14.5 million, -8%). Presque Isle Downs<\/strong> was off 5% to $8 million, Mount Airy Casino<\/strong> shed 5% ($11 million) and SugarHouse<\/strong> was down 1.5% but grossed $14 million.<\/p>\n

* The NBA<\/strong> is suddenly feeling the love<\/a> for Internet<\/strong> gambling. It has entered into a partnership with PokerStars<\/strong> parent The Stars Group<\/strong>. According to ESPN<\/strong>, Stars Group “will have the right to use official NBA betting data and league marks and logos across digital sports betting offerings.” Reciprocally, the NBA “will promote The Stars Group across the league’s digital assets, including NBA TV<\/strong>, NBA.com<\/strong>, the NBA App<\/strong> and NBA social media platforms.” You may recall that MGM Resorts International<\/strong> is already the official gaming partner of the NBA and WNBA<\/strong> (and owns a team in the latter league). The NBA’s eagerness is not so surprising when you recall that Commissioner Adam Silver<\/strong> was the first of his ilk to say that legalized sports betting wouldn’t be such a bad thing for major-league sports.<\/p>\n","protected":false},"excerpt":{"rendered":"

November was good for Atlantic City, up 12.5% and down only 5% on a same-store basis. The $209 million haul was propelled by a 12.5% increase in slot win\u00a0and a 13.5% jump in table revenues. A 17% drop in table … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":15487,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,103,60,239,244,199,120,172,165,37,241,245,167,207,248,101,69,95,178,242,243,129],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23084"}],"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=23084"}],"version-history":[{"count":5,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23084\/revisions"}],"predecessor-version":[{"id":23108,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/23084\/revisions\/23108"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media\/15487"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=23084"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=23084"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=23084"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}