\nIt\u2019s an encouraging start to the year, then, for a sector that has seen five of its 12 properties close over the past few years, most recently the Trump Taj, which shut its doors in October.<\/strong><\/p>\n<\/blockquote>\nThere is a sense, though, that the sector may now be rightsized because of the closures, a factor that it contributing to its recovery. \u00a0 \u00a0<\/span><\/p>\nAnd being lucky helps, too. Levinson said that casinos were a lot luckier this January than last, winning more money against table game customers.<\/p>\n
Online Gaming Continues to Grow<\/b><\/h2>\n
\u201cThanks to a big swing in the hold percentage, table game revenue increased by 18 percent while internet gaming revenue increased by 28.6 percent,\u201d he said. \u201cEven when results for the now-closed Taj Mahal are included, revenues are up.<\/p>\n
“Every single one of the current operators won more this January than in the same month last year, and Borgata had its best January ever.\u201d<\/strong><\/em><\/p>\nAs Levinson suggests, online gaming in New Jersey continues to go from strength to strength. Revenue\u00a0increased nearly 30 percent year over year, from $14.6 million to $18.8 million. Even online poker, so often the poor cousin to the online casino segment, was up almost 9 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City\u2019s casinos began the year strongly, up almost eight percent in January on the previous year, continuing a modest upward trend for the sector in 2016. Total win for the casinos came in at\u00a0$204.7 million, compared to $190.1 million for January 2016. Revenues, meanwhile were up 15.2 percent. To be fair, though, that jump […]<\/p>\n","protected":false},"author":42,"featured_media":45288,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,10,18],"tags":[],"acf":[],"yoast_head":"\n
Atlantic City Casino Sector Starts Year With A Bang<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n