Casino Revenue Atlantic City
The lights are still on inside Atlantic City casinos.
- Atlantic City Casino Revenue July 2019
- Atlantic City Casino Revenue December 2019
- Atlantic City Casino Revenue August 2019
- Atlantic City Casino Revenue 2019
Runner-up Hard Rock Atlantic City fared far better, falling only 3.4% to $28.6m, while third-place went to the surprisingly resilient Ocean Casino Resort, which posted the month’s only annual. Atlantic City casinos may look like they're holding a hot hand, with slots and table game revenue jumping 15.7% in February from last year, but only Caesars Entertainment and Resorts Casino Hotel. Gaming revenue is 50 percent more than non-gaming revenue in Atlantic City. All that being said, the tides have now turned and AC casinos are on the mend posting monthly gains for most of 2018. That year, two new properties opened, Hard Rock Atlantic City (former Taj Mahal) and Ocean Resort (former Revel).
With Atlantic City’s casinos shuttered and silent due to the coronavirus, the New Jersey Division of Gaming Enforcement said Friday that the casinos and two racetracks elsewhere in the state. Atlantic City Casino Revenue This July 25, 2019 photo shows casino employees bringing inflatable pool toys to Santa at the outdoor pool at the Ocean Casino Resort in Atlantic City, N.J. Figures released Aug. 14, 2019 by the New Jersey Division of Gaming Enforcement show the casinos took in $323 million, an increase of 7.8% from July 2018.
However, casino operators and state government officials around the country continue to grapple with the COVID-19 pandemic. The number of good options for mitigation seems to dwindle with each passing day. New Jersey casinos are by no means an exception to this new rule.
Although Atlantic City properties remain open with restrictions, it’s uncertain how much longer that will be the case. Relevant trends in the Garden State are going in the wrong direction.
The latest on Atlantic City casinos and COVID-19
NJ Gov. Phil Murphy has been upfront with his constituents on a daily basis about the worsening numbers in the state.
NEW JERSEY #COVID19 UPDATE:
➡️4,320 new positive cases
➡️293,744 cumulative total cases
➡️34 new confirmed deaths
➡️14,877 total deaths
The second wave is here. We MUST flatten this curve together. Wear a mask. Social distance. Wash your hands.https://t.co/JW1q8awGh7pic.twitter.com/konGYeQWK8
— Governor Phil Murphy (@GovMurphy) November 19, 2020
On Tuesday, Murphy signed a new executive order that lowered gathering limits for both indoor and outdoor venues. As of Nov. 23, New Jerseyians may only gather in groups of up to 10 indoors. For outdoor gatherings, the limit is 150 people. In both cases, the state expects proper social distancing and wearing of face masks.
As Atlantic City casinos are a significant source of tax revenue for the state and fuel the economy in the area, Murphy naturally had to address their fate. His main position is that data shows the casinos have been acting responsibly throughout the pandemic.
“We believe, based on the evidence that we have, that they’ve been able to responsibly manage their casino floors,” Murphy said during a briefing with other state officials on Wednesday. “Whether it’s through (personal protective equipment), whether it’s through dividers, capacity management, temperature checks, review of symptoms checks with people who go onto the floor, which is happening in all the casinos … there is not any evidence that there is either bad management of the floor or that there is a big outbreak coming from participating on the floor.”
Murphy did not elaborate on what evidence he drew that conclusion from. The most likely candidate is contact tracing for positive cases, which identifies the sources of transmission if done correctly.
The question is whether casinos can maintain their current status if trends continue to worsen. Casino operators seem determined to do all they can to maintain the reputation they have earned.
Casino industry not curtailing business
So far, none of the AC casinos have announced any major plans to further reduce their hours or offerings. A statement from the Casino Association of New Jersey mentions one adjustment, however:
“The Casino Association of New Jersey (CANJ) understands the administration’s concerns, and that is why the industry has taken extraordinary measures to safely welcome back thousands of hardworking employees and valued guests, while also helping to minimize the exposure of Atlantic City casino property guests, our employees and our local community to the COVID-19 virus.
“We will continue to work to give our guests the exciting experience they have come to expect from our first-class properties:
Atlantic City Casino Revenue July 2019
- Casino floor and gaming operations will remain open, uninterrupted, 24/7.
- Indoor dining outlets will remain open, closing between the hours of 10 p.m. and 5 a.m. ET, effective this Thursday, Nov. 12.
“As we see a rise in cases across New Jersey, we are focused on the health and safety of our employees, guests and fellow residents and will continue to work with AtlantiCare, our regional health care provider, as well as local and state officials, to refine and update our protocols as local and state mandates evolve. We remain dedicated to complying with, or exceeding, local or state-imposed mandates, restrictions and occupancy limits to try to maintain a healthy environment.”
Casino closings in other states
Despite those best efforts, Murphy’s hesitancy to close casinos for a second time this year may soon make him an outlier. Earlier today, Rivers Casino in neighboring Philadelphia closed.
The well-being of our Team Members, guests & the community is our top priority. We will be temporarily closed effective Fri, Nov. 20, to follow @PHLPublicHealth’s order to close public venues. We appreciate your support!
.
Gambling Problem? Call 1-800-GAMBLER. pic.twitter.com/HEPtOdWvXg
— Rivers Casino Philadelphia (@riverscasinophl) November 19, 2020
The City of Philadelphia announced “Safer at Home” restrictions that will be in place through Jan. 1, 2021. The list also includes:
- Indoor dining
- Theaters and museums
- Libraries
- Gyms and indoor exercise classes
Atlantic City Casino Revenue December 2019
For now, Rivers Philadelphia is the only Keystone State casino impacted. The other gaming halls are outside the city limits.
Atlantic City Casino Revenue August 2019
Other states are taking a similar approach. In Michigan, all three Detroit casinos are closed for three weeks. Illinois has ordered casinos within its borders to close, too.
Atlantic City Casino Revenue 2019
Additionally, Massachusetts has limited hours for its casinos.
As of now, Atlantic City casinos are still open for gambling.
Murphy might take smaller steps, like shutting down indoor dining, before closing AC casinos altogether. If there’s not a marked improvement in COVID-19 numbers soon, he may have few other choices.