Atlantic City casinos report 11th straight month of revenue growth

May 15, 2019 Press of Atlantic City

By David Danzis

The casino industry continued its winning streak in April, reporting a 16.9% increase in total gaming revenue. The increase in gaming revenue is the 11th consecutive month of growth for the industry. Atlantic City’s nine casinos reported $250.7 million in total gaming revenue, according to the state Division of Gaming Enforcement. Casino revenue in the resort has increased by double digits every month since the opening of Hard Rock Hotel & Casino Atlantic City and Ocean Casino Resort in June.

Through the first four months of 2019, the industry has generated $977.37 million in gaming revenue, an increase of 20.8% over the same period last year, when seven casino properties were operational.

“The April 2019 DGE numbers are a promising sign of Atlantic City’s continued growth as the summer season quickly approaches,” said Kevin Ortzman, president of the Casino Association of New Jersey and regional president of Caesars Entertainment Corp.’s three Atlantic City casinos. “Sports betting without question has provided a major boost to the local economy, and we believe this excitement will translate into increased revenue and tourism throughout the summer.”

Debra P. DiLorenzo, president and CEO of the Chamber of Commerce Southern New Jersey, said that the regional business community is confident that Atlantic City will continue to thrive and grow. “Atlantic City was a key factor in New Jersey’s tourism boom in 2018, attracting new visitors to the Garden State,” she said. “The passage of sports wagering helped create new jobs, generated economic growth and provided an important boost to the casino industry.”