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A 2017 to forget about Atlantic City casinos

A 2017 to forget about Atlantic City casinos

Terrible performance for most gambling rooms, with the failure of the Atlantic Club Casino Hotel.

The New Jersey Division of Gaming Enforcement has announced the official 2013 casino data, revealing a 6% loss in revenue : from $ 3 billion in 2012 to 2.86 in the year just ended.

These worrying results mark the seventh consecutive year of decline for the Atlantic City casinos market as well as the lowest result since 1989, when the state generated about $ 2.8 billion of gambling operations .

Aside from a 5.2 billion peak in 2006, the results went downward.

Commenting on the Atlantic City figures in 2017 , the president of Tropicana Casino and Resort said: “Obviously it is disappointing to see another year of decline.

But we hope that with the addition of gambling on the Internet you can see an increase already starting next year. “

In detail, board games contributed $ 798 million , 7% less than 2012, and slot machines for 2.1 billion, or 6% less.

In addition, 9 of the 12 Atlantic City casinos reported losses compared to the previous year; The Atlantic Club Casino Hotel has even had to declare bankruptcy, so that this year the number of gambling rooms has dropped to 11.

In the midst of so many bad news, a flame of hope brings the Revel Casino Hotel, which with its $ 155 million has improved by 27%.

Curiously, even Atlantic Club had improved by 11.6% ( 142 million), given not enough to save themselves from bankruptcy. Borgata also saves, with 616 million and 1% more.

At the juncture, instead, Trump Plaza: -28% and 74 million incomes. Balo’s Atlantic City (less 17.4%), the Showboat Casino Hotel (less 14.3%), the mythical Taj Mahal (less 12%) and Harrah’s Resort Atlantic City (less 11%) also go down well.

There are Tropicana (less 8.8%), Caesars Atlantic City (less than 6.2%), Golden Nugget Atlantic City (less 4.3%) and Resorts Casino Hotel (which does not lose or earn).

Do you risk the future of the game in New Jersey?

With rising competition from neighboring states (especially Pennsylvania) and an economic crisis that stops leaving globality, Atlantic City gambling halls and hence the entire gambling market in New Jersey are now facing To a fundamental joint.

There is a risk that the Atlantic Club is not the only bankruptcy case and that others may explode in the aftermath of this 2017 just started. If that were the case, the Atlantic City casinos market would risk contracting in a really worrying way.

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