To say that Atlantic City had a fantastic year may feel that we’re repeating ourselves. But, when it comes to good news, déjà vu or not, it’s always amazing to hear that Atlantic City is thriving.
Indeed, the New Jersey Division of Gaming Enforcement (DGE) recently released figures that proves how well the industry is doing. However, the latest figures show that the double-digit percent increase has come to an end. And the superstitious, say July was always jinks. After all, it would have been the 13th consecutive month that the casino industry would have delivered double-digit growth.
But hope is not lost it seems, after all, a 7.8% increase month-on-month still keeps the taxman happy. And New Jersey treasury sure cannot wipe the smile on their faces when analyzing the figures which indicate a $1.85 Billion gain for the first seven months of the year.
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Catch me, if you can
The remaining and undisputed revenue champion is still Borgata. Last month the casino produced a staggering $88 Million in game revenue. And consequently, they delivered the highest figure ever reported from the properties 16-year operations.
The runner up is Hard Rock with still some way to go to rival with the number one. Although indications show that they’ve grown 24.6% from last July. They still came in second place with their $40.8 Million.
Holding the third spot for the third month is Golden Nugget. Now, even if they reported a near $35 Million revenue. There’s still some silver lining and good news in this position. In fact, the Nugget is inching closer to being the most equal operator in online and brick and mortar gains. Indeed, the Golden Nugget revealed that $14.9 Million came from its online vertical. So, the property now has a 42.5% versus 57.5% revenue split.
No real change, for now
As summer is coming to an end, the expectations are that August figures may well be similar to July. However, many expect changes in the pole position for thelast quarter of the year. In fact, Golden Nugget dominance over the online sector may well prove key to taking the number 2 rank in September, October, November, and December as the weather turns. Let’s see if the experts are right.