best summer in years<\/a>, as the June openings of Hard Rock and Ocean Resort generated excitement the beachfront town hasn’t seen in a decade.<\/p>\nTotal gross gaming revenue (GGR) from land-based casinos, online, and sports betting through September is at $2.148 billion, which is a 5.4 percent increase on 2017. While the two new Boardwalk casinos are growing gaming revenues, they’re also poaching from existing properties.<\/p>\n
The New Jersey Division of Gaming Enforcement reports that six of the seven casinos in business prior to Hard Rock and Ocean Resort have all won less money through three quarters of 2018 than they did in 2017.<\/strong><\/span><\/p>\nThrough September, GGR is down at Borgata, Bally’s, Caesars, Harrah’s, Resorts, and Tropicana. Only Golden Nugget has posted a gain.<\/p>\n","protected":false},"excerpt":{"rendered":"
Atlantic City’s long-term issuer credit rating is being upgraded by Moody’s Investors Services from Caa3 to B2. While that’s good news for the region, the new classification is a mark that still ranks below “investment grade.” Moody’s defines B2 as “being speculative and a high credit risk.” But that’s better than Caa3, which is described […]<\/p>\n","protected":false},"author":25,"featured_media":91828,"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 Credit Rating Upgraded, Remains Below Investment Grade<\/title>\n\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