The New Jersey Division of Gaming Enforcement published on Wednesday the traditional monthly report on the financial performance of Atlantic City’s eight operating casinos in March. Overall revenue amounted to $203 million, down 0.4% as compared to the $203.9 million reported for the same month of 2015.
Proceeds from land-based casino operations totaled $187.5 million compared to the amount of $190.7 million posted for March 2015, or down 1.7% year-on-year. Revenue from online gambling continued growing in March. It amounted to $15.5 million, up from the $13.2 million generated during the same month a year ago. The increase was contributed to a great extent to PokerStars launching operations in the state later in March.
Four of Atlantic City’s eight operating casinos reported a decrease in their monthly revenue in March. The Borgata generated a total of $58 million last month, down 3.7% year-on-year. Proceeds from land-based operations amounted to $53.8 million. Internet gambling brought in a total of $4.2 million.
Caesars was another venue to report a drop in March revenue. It totaled $22.2 million, down 4.6% year-on-year. However, the casino’s online gaming division – Caesars Interactive New Jersey, posted an increase in revenue. It amounted to $3.2 million in March compared to $2.8 million in the same month of 2015.
Revenue at Harrah’s dropped 11.8% last month to $28.5 million. Trump Taj Mahal posted a 10.3% drop in monthly turnover. The venue generated the amount of $13.2 million.
Bally’s posted revenue of $17.4 million in March, up 9.6% year-on-year. Revenue at Golden Nugget amounted to $19.9 million, up 3.6% from the figure posted for the same month a year ago. Land-based casino operations generated a total of $16.8 million. Online gambling revenue amounted to $3.1 million last month.
Resorts posted March turnover of $13 million, up from the $11 million reported for March 2015. Resorts Digital, the casino’s online gambling division, generated $1.9 million last month. Revenue at Tropicana was up 6% year-on-year to reach $25.6 million. Of those, $22.4 million came from brick-and-mortar operations and $3.2 million were contributed from Internet gambling.
Overall revenue at Atlantic City’s eight casinos amounted to $597.8 million for the first quarter of the year, up 3.1% as compared to the same period a year ago. Proceeds from casino operations were up from $544.7 million in 2015 to $552.9 million in 2016. Internet gambling generated a total of $44.9 million in the three months ended March 31, 2016, up 27.7%.
