Lacklustre performance for re-opening Atlantic City casinos

Home » Lacklustre performance for re-opening Atlantic City casinos

In their first month back since being closed from March 16 due to the coronavirus pandemic and the nine casinos in Atlantic City reportedly recorded a decrease of 23% year-on-year in aggregated gross gaming revenues to $248.7 million.

According to a Wednesday report from The Press of Atlantic City newspaper, the New Jersey community allowed its casinos to begin re-opening from July 2 so long as they agreed to abide by a range of new social distancing and anti-coronavirus measures encompassing a requirement that all players and employees wear protective face coverings.

Online optimism:

Citing official information from the New Jersey Division of Gaming Enforcement and the newspaper reported that the city also saw its aggregated July casino win, which is defined as revenues generated solely from land-based slot and table games, drop by almost 88% year-on-year to $147.4 million. However, local venues purportedly experienced a 101.8% boost in takings from their sportsbooks to $13.8 million while their earnings from iGaming rose by an even more impressive 122.5% to surpass $87.5 million.

More about:  Manila integrated casino resorts may soon be allowed to partially re-open

Single success:

The newspaper reported that the 1,399-room Ocean Casino Resort was the sole casino in Atlantic City to record a year-on-year rise in July land-based gaming revenues with its reckoning of $23.6 million representing an upswing of 32.1%. The property moreover purportedly recorded comparable gains from its iGaming and sportsbetting businesses to take its combined finishing tally up by 30.3% to $26.3 million.

Recurring revision:

Terry Glebocki serves as Chief Executive Officer for the 57-story Ocean Casino Resort and reportedly proclaimed that his venue’s July results were ‘indicative of the momentum Ocean has created’ via constantly ‘adapting and expanding our offerings’ so as to be able to provide punters with ‘the experience they deserve’.

Glebocki reportedly told The Press of Atlantic City…

More about:  Singapore casinos taking steps to stop the spread of coronavirus

These are challenging operating conditions but I am very pleased that we were able to create an environment where our guests feel comfortable.”

Abstract analogy:

James Plousis, Chairman for the New Jersey Casino Control Commission, reportedly pronounced that he remains optimistic about the future of casino gaming in Atlantic City before asserting that it is not reasonable to compare last month’s results to those seen a year ago as the most recent period was negatively impacted by coronavirus-related closures and travel restrictions.

Plousis reportedly told the newspaper…

Visitors are again enjoying the playground by the sea that is Atlantic City. While public health remains a concern, the tourism and gaming sector has started on the road to recovery. I know that Atlantic City is resilient and, given time, it will rebound.”

More about:  BF Games announces new Road Cash slot game

Leave a Reply

Your email address will not be published. Required fields are marked *

Gambling News from NewsCasinoNew.com is made for the most passionate fans of online casinos and internet gambling. We cover everything: from popular gambling world events and trends to new casino slot game releases and reviews, you will find the latest news stories.