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Atlantic City Casino Revenue Increases 2.3% in March

TheNewJerseyDivisionofGamingEnforcement(DGE)releasedonTuesdayamonthlyreportonthefinancialperformanceoftheeightcasinosoperatingontheterritoryofAtlanticCity。

Accordingtothelatestdata,theirgamingrevenueincreased2。

3%inMarchcomparedtothefigurespostedayearago。

Thegamingregulator,however,pointedoutthattherewereelevencasinosoperatinginthecitythistimelastyear。

Iftheirrevenuewasaddedtothecalculations,thatwouldmeanthatAtlanticCitysoverallgamingrevenuehasfallen12。

6%year-over-year。

Inotherwords,thetotalamountof$233。

3millionwaspostedlastMarch。

AccordingtoDGEsdata,Marchrevenuegeneratedbytheeightremainingcasinosamountedto$203。

8millioncomparedto$199。

2millionpostedbackinMarch2014。

MattLevinson,ChairmanoftheNJCasinoControlCommission,pointedoutthattheincreasecouldbemainlyattributedtorevenuefromonlinegambling,whichaccordingtothedatareleased,wasup17。

6%inMarch。

Healsosaidthatgamblingrevenueforthefirstquarterof2015grewby5。

9%andonlinegamblingrevenueincreased19%。

Mr。

LevinsoncommentedthattheeightremainingcasinosinAtlanticCitysawtheirrevenueriseforsevenofthepasteightmonths。

Furthermore,onlyaweekago,theyposteda12%riseintheirgrossoperatingprofitsforthepastfiscalyear。

Theofficialexpressedhopesthattheuptrendwillcontinue,asnewentertainmentoptionsaretobeintroducedinthecityinthemonthstocome。

Aspreviouslyreported,fourofAtlanticCitystwelvecasinoscloseddoorsin2014。

TheAtlanticClubwasshutteredinJanuary13。

RevelandShowboatstoppedoperatingonAugust31andSeptember2,respectively。

TrumpPlazawasclosedtwoweekslater。

ItcouldbesaidthattheGoldenNuggetperformedbestinMarch,asitsrevenuejumpedmorethan41%to$16。

2million。

RevenueatResortsandTropicanawasreportedtohaveremainedrelativelyflatforthepastmonth。

Thefirstgeneratedthetotalamountof$11millionandthelatterpostedrevenueof$21。

1million。

TheBorgatawaslastmonthstopperformergeneratingmorethan$60million,up7。

7%towhatwaspostedthistimelastyear。

Harrahsreportedanincreaseof11。

4%to$32。

3million。

TrumpTajMahalsMarchrevenuefellalmost23%to$14。

7million。

Ballysposteda11。

1%decreaseto$15。

8million。

RevenuegeneratedbyCaesarsfell4。

1%toreach$23。

2millioninMarch。

AdropwasalsoreportedforCaesarsInteractive,thecasinogiantsonlinedivision。

Revenuegeneratedfromthoseoperationswasdown24。

3%。

AtlanticCitysoverallonlinegamblingrevenueamountedto$13。

2millioncomparedto$11。

2millioninMarch2014。