{"id":40958,"date":"2016-10-14T15:00:58","date_gmt":"2016-10-14T22:00:58","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=40958"},"modified":"2016-10-17T12:43:38","modified_gmt":"2016-10-17T19:43:38","slug":"atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/","title":{"rendered":"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps"},"content":{"rendered":"
\"Atlantic
Internet gaming saved overall Atlantic City casino revenues in September, but moving forward\u00a0the town will be yet another casino short. (Image: Wayne Parry\/Associated Press)<\/figcaption><\/figure>\n

Atlantic City casino revenue was down 3.5 percent at the eight remaining land-based gambling venues during September, but anther strong performance online lessened the overall blow.<\/p>\n

Gaming at brick-and-mortar casinos totaled $210.4 million during the month, some $7.7 million less than the same period in 2015. That equates to a 3.5 percent reduction in casino win.<\/p>\n

But internet gambling skyrocketed, with the state’s online operators pulling in $16.2 million, a 35 percent gain on 2015. Thanks to internet gaming, total gaming win for September slid only 1.5 percent, with $226.6 million collected.<\/p>\n

While the decline isn’t welcomed by state gaming regulators and city officials, it also wasn’t necessarily unexpected.<\/p>\n

Obvious Factors<\/b><\/h2>\n

Atlantic City is in the process of stabilizing its economy and trying to rebuild its damaged brand. Some see the city as an investment opportunity, while others are skipping town.<\/p>\n

Billionaire Carl Icahn falls into the latter, as the Tropicana owner officially closed the Trump Taj Mahal<\/a> on October 10. There are now just seven casinos remaining in Atlantic City.<\/p>\n

Gamblers didn’t waste time to hedge their bets at the Trump Taj Mahal before Icahn shuttered the resort. Revenue at the casino totaled just $8.1 million, a 51.2 percent loss.<\/p>\n

Meanwhile, the most profitable Atlantic City casino, Borgata, continued its winning ways. The Marina District resort generated $64.3 million in gross gaming revenue, a two percent bonus on 2015.<\/p>\n

The Borgata was able to weather a hurricane threat, state of emergency, and two canceled beach concerts in September.<\/p>\n

\n

“Despite all of those obstacles, half of the casinos reported increases for the month,” Casino Control Commission Executive Director Matthew Levinson told the Press of Atlantic City.<\/p>\n<\/blockquote>\n

Hope on the Horizon<\/b><\/h2>\n

After topping $5.2 billion in 2006, annual gambling revenues have decreased in the last 10 consecutive years. In 2015, Atlantic City casinos tallied just $2.56 billion in gross earnings.<\/p>\n

But in 2016, the market appears to have finally stabilized. Casino win at land-based venues is still down, but only marginally year-to-date at 0.2 percent. Meanwhile, internet gaming continues to play a more vital role to New Jersey’s gambling health.<\/p>\n

Through September, online casinos are up nearly 33 percent. That’s spurring an additional $35.74 million in new money for gaming companies.<\/p>\n

And unlike revenues at physical casinos, online the money is evenly spread. Golden Nugget\u00a0has made the most online with $3.66 million, but Resorts is the lowest earner at $2.9 million.<\/p>\n

Atlantic City businesspersons are betting on the town’s resurgence. The Showboat is back open for business as a hotel-only property, and Glenn Straub is in the process of transforming the former Revel, now named TEN<\/a>, into a more tourist-friendly destination.<\/p>\n

Straub says his property will open in early 2017. Bringing more visitors to Atlantic City is the goal, visitors who also might turn into recreational gamblers.<\/p>\n

Of course, the November casino referendum to allow two northern New Jersey casinos to be built could reverse Atlantic City’s upwards trend should it find the approval of voters.<\/p>\n","protected":false},"excerpt":{"rendered":"

Atlantic City casino revenue was down 3.5 percent at the eight remaining land-based gambling venues during September, but anther strong performance online lessened the overall blow. Gaming at brick-and-mortar casinos totaled $210.4 million during the month, some $7.7 million less than the same period in 2015. That equates to a 3.5 percent reduction in casino […]<\/p>\n","protected":false},"author":42,"featured_media":40961,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,19,18],"tags":[],"acf":[],"yoast_head":"\nAtlantic City Casino Revenue Busts in September, Internet Gaming Jumps<\/title>\n<meta name=\"description\" content=\"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps\" \/>\n<meta property=\"og:description\" content=\"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2016-10-14T22:00:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2016-10-17T19:43:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"900\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Casino.org Staff Writer\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casino.org Staff Writer\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/\",\"url\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/\",\"name\":\"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg\",\"datePublished\":\"2016-10-14T22:00:58+00:00\",\"dateModified\":\"2016-10-17T19:43:38+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\"},\"description\":\"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg\",\"width\":1200,\"height\":900,\"caption\":\"Internet gaming saved overall September Atlantic City casino revenues, but in October the town will be yet another casino short. (Image: Wayne Parry\/Associated Press)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Financial\",\"item\":\"https:\/\/www.casino.org\/news\/financial\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77\",\"name\":\"Casino.org Staff Writer\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g\",\"caption\":\"Casino.org Staff Writer\"},\"url\":\"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps","description":"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps","og_description":"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.","og_url":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2016-10-14T22:00:58+00:00","article_modified_time":"2016-10-17T19:43:38+00:00","og_image":[{"width":1200,"height":900,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg","type":"image\/jpeg"}],"author":"Casino.org Staff Writer","twitter_card":"summary_large_image","twitter_creator":"@Casino_Org","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Casino.org Staff Writer","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/","url":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/","name":"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg","datePublished":"2016-10-14T22:00:58+00:00","dateModified":"2016-10-17T19:43:38+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77"},"description":"Atlantic City casino revenue slid 3.5 percent in September, but thanks to a strong performance online, total overall revenues were down only 1.5 percent.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2016\/10\/donald-trump-taj-mahal-closes-atlantic-city-casino-10122016-19.jpg","width":1200,"height":900,"caption":"Internet gaming saved overall September Atlantic City casino revenues, but in October the town will be yet another casino short. (Image: Wayne Parry\/Associated Press)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/atlantic-city-casino-revenue-busts-in-september-internet-gaming-jumps\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Financial","item":"https:\/\/www.casino.org\/news\/financial\/"},{"@type":"ListItem","position":3,"name":"Atlantic City Casino Revenue Busts in September, Internet Gaming Jumps"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/8c48bf89dc86da77b4d856c7b3b78d77","name":"Casino.org Staff Writer","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0853bd574da5b217483afb1fbbee33a5?s=96&d=mm&r=g","caption":"Casino.org Staff Writer"},"url":"https:\/\/www.casino.org\/news\/author\/corg-staff-writer\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/40958"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/42"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=40958"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/40958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/40961"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=40958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=40958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=40958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}