Reopened casinos, sports betting help Atlantic City rake in $2.86 billion in casino revenue

Two reopened casinos and half a year of sports betting helped push Atlantic City’s casino revenue up 7.5 percent in 2018 to nearly $2.86 billion, state gambling regulators said Monday. But the news was bad for most of the casinos that existed before the Hard Rock and Ocean Resort casinos opened in June.

Of those seven casinos, six won less in 2018 than they had in 2017, the latest of several recent indications that concerns about whether Atlantic City was re-expanding its market to an unsustainable size were valid.