{"id":24331,"date":"2019-06-14T08:11:59","date_gmt":"2019-06-14T16:11:59","guid":{"rendered":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/?p=24331"},"modified":"2019-06-14T08:11:59","modified_gmt":"2019-06-14T16:11:59","slug":"big-month-for-hard-rock-atlantic-city-sunset-station-unionizes","status":"publish","type":"post","link":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/big-month-for-hard-rock-atlantic-city-sunset-station-unionizes\/","title":{"rendered":"Big month for Hard Rock Atlantic City; Sunset Station unionizes"},"content":{"rendered":"

\"\"Atlantic City<\/strong>‘s two heaviest hitters had a not-so-merry month of May. Borgata<\/strong> fell 15%, to $52 million, and Tropicana Atlantic City<\/strong> tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City<\/strong> (guess that business plan is paying off), which grossed $28.5 million. Other revenue-negative casinos were Bally’s Atlantic City<\/strong>, off 2.5% to $15.5 million, Harrah’s Resort<\/strong>, down 7% to $25.5 million and Golden Nugget<\/strong>\u00a0sliding 13% to $17 million. Gainers were Resorts Atlantic City<\/strong>, up 14% to $16 million and a tie with Ocean Resort<\/strong>, and Caesars Atlantic City<\/strong>, up 3% to $23 million. Citywide, slot revenues were 14% higher (down 8% on a same-store basis) while table game win was 20% up (down 7.5% same-store). Borgata saw 13.5% less table, a very unlucky month, while slot win\u00a0slid 9% on 10% less coin-in. The Caesars Entertainment<\/strong> trio managed 4% more table win despite 11% less wagering.<\/p>\n

Sports wagering continues to be an unequivocal success story in the Garden State. New Jersey<\/strong> sports books garnered $319 million in handle last month, putting them on pace to surpass Nevada<\/strong> in the very near future. \u201cWe knew that sports betting in New Jersey would be successful, but it is fair to say that so far it has exceeded our expectations. $3 billion in bets in 12 \"\"months is an impressive milestone by any measure, and in just a year, New Jersey is set up to become the nation\u2019s largest legal sports betting market,\u201d said PlayNJ.com<\/strong> analyst Dustin Gouker<\/strong>. Garden State books kept $15.5 million in revenue, down from April. Of the massive handle, 82.5% was generated online, overwhelmingly dominated (87%) by DraftKings<\/strong>\/Resorts Digital<\/strong> and FanDuel<\/strong>\/PointsBet<\/strong>. FanDuel at The Meadowlands<\/strong> led the walk-up market ($796,469), followed by Monmouth Park<\/strong>‘s $761,316. Resorts A.C. and Ocean Resort were revenue-negative for the month, suggesting that they might need some better oddsmakers.<\/p>\n

* Compared to Atlantic City, Pennsylvania<\/strong> slots managed more modest growth, up 3%. A significant gainer was Valley Forge Casino Resort<\/strong>, 11.5% higher ($9 million), as was Rivers Casino<\/strong>, jumping 13% to $25.5 million. Parx Casino<\/strong> led the state with $37 million (+4%), followed by The \"\"Meadows<\/strong> ($19 million, 7.5%) and Hollywood Casino<\/strong> ($18 million, 1%). Both Mohegan Sun at Pocono Downs<\/strong> and Harrah’s Philadelphia<\/strong> recorded $17 million, the former down 2%, the latter slipping 1.5%. The first month of Wind Creek Bethlehem<\/strong> saw a 3% downturn, to a still-robust $26 million. (Even luckless Lady Luck Nemacolin<\/strong> was lucky\u00a0for a change, rising 7% to $2.5 million.) SugarHouse<\/strong> was flat at $15.5 million, Presque Isle Downs<\/strong> gained 4% to $10 million and Mount Airy<\/strong> slipped 1% to $12.5 million.<\/p>\n

* Detroit<\/strong> was flat last month, with Greektown Casino<\/strong>, newest trophy on Penn National Gaming<\/strong>‘s mantel, up 2.5% grossing $26 million. MotorCity<\/strong> was flat on a $41 million gross and MGM Grand Detroit<\/strong> was also comparatively stagnant at $54.5 million. Penn would like to be so flat, we’re sure.<\/p>\n

* Congratulations to workers at Sunset Station<\/strong>. 83% of them voted to unionize under the Culinary Union<\/strong> banner. We’re expecting Station Casinos<\/strong> to contest the plebiscite but it’s still a big step in the right direction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Atlantic City‘s two heaviest hitters had a not-so-merry month of May. Borgata fell 15%, to $52 million, and Tropicana Atlantic City tumbled 18%, landing at $25 million and ceding second place for the first time to Hard Rock Atlantic City … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,60,244,176,151,44,199,172,165,245,167,248,257,69,95,242,243,57,20],"tags":[],"_links":{"self":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/24331"}],"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=24331"}],"version-history":[{"count":1,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/24331\/revisions"}],"predecessor-version":[{"id":24332,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/posts\/24331\/revisions\/24332"}],"wp:attachment":[{"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/media?parent=24331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/categories?post=24331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lasvegasadvisor.com\/stiffs-and-georges\/wp-json\/wp\/v2\/tags?post=24331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}