The New Jersey Division of Gaming Enforcement reported the financial results of Atlantic City’s eight operational casinos and their Internet gambling divisions for August. Overall revenue amounted to $245.9 million, down 4.9% as compared to the figure generated during the same month of the previous year.
Revenue from land-based casino gaming totaled $229.8 million, reflecting a 6.7% drop as compared to the $246.4 million posted for August 2016. Internet gaming continued growing last month, as well, and revenue from this type of operations amounted to $16.1 million, compared to a total of $12.2 million reported for the prior-year period.
Bally’s Atlantic City generated revenue of $20.9 million in August, down 10.5% from last year. The Borgata also saw a decrease in its overall revenue. It amounted to $69.3 million, down 7.3% year-on-year. Land-based operations brought in a total of $65.6 million last month. Internet gambling generated the amount of $3.7 million. The casino has been Atlantic City’s most profitable gambling venue for years now.
Caesars reported revenue of $27.9 million for August, reflecting an 11% drop from the same month of 2015. Caesars Interactive NJ, the casino’s online gambling division, generated the amount of $3.1 million last month.
Revenue at Golden Nugget amounted to $23.9 million in August, up 6.4% as compared to the figure reported for the same month of the previous year. Land-based casino operations generated a total of $20.2 million. Internet gambling brought in $3.5 million last month.
Harrah’s reported a 5.5% decrease in revenue in August to $33.6 million. Revenue at Resorts dropped 0.5% to reach the amount of $17.5 million. The casino’s online gambling arm – Resorts Digital, reported revenue of $2.9 million from its operations.
Tropicana reported monthly revenue of a little less than $33 million in August, reflecting a 6% increase from the same month a year ago. Operations at the physical venue generated a total of $30.1 million. Internet gambling contributed the amount of $2.9 million.
Last but not least, Trump Taj Mahal reported a 27.2% decrease in its revenue. The casino generated the amount of $13.8 million in August. The significant drop was mainly attributed to the workers’ strike that started in July. Workers at the struggling casino picketed it for more than a month, trying to negotiate agreeable insurance and pension contracts with their employer.
It was announced in August that Trump Taj Mahal’s owner has decided to shutter the casino as the strike had damaged its weak profitability irreparably. The gambling venue, which opened doors in the early 1990s, will be closed on October 10.
