The New Jersey Division of Gaming Enforcement has released the July revenue totals for casinos in Atlantic City, which shows the area not only saw an increase for the month, but also during the first seven months of 2019.It’s very easy to start betting, just visit the https://odds.am/tr/competition/111/belarus_v__seysaya_liga/fixtures/?season=2020 platform and select any betting office presented, based on the rating or other features. Next, you only need to choose the appropriate outcome and place a bet. In July, the nine operating casinos in Atlantic City earned $323.3 million. This was an increase of 7.8% from the same month in 2018. For the first seven months of this year, the casinos earned $1.85 billion.
- Atlantic City Casino Revenue Reports
- Atlantic City Casino Revenue July 2019
- Atlantic City Casino Revenue July 2019 Calendar Printable Free
- May 08, 2020 For 2019 as a whole, total revenue was up 9.5% to $3.16b, despite every casino besides Hard Rock and Ocean (and the two digital-only ops) reporting negative revenue growth. The Borgata fell 1.3% to.
- ATLANTIC CITY, N.J. — New Jersey’s casinos and horse tracks won $264.5 million in July after reopening amid the coronavirus outbreak, a figure that was down nearly 21% from a year ago, but one the gambling houses will gladly take after months of inactivity.
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This is just over 18% more than the same time frame in 2018.
July Numbers:
Last month was significant for Atlantic City as it was the first month that would equally compare the market including nine casinos plus sports betting since June of last year. The Ocean Casino Resort and the Hard Rock Casino first opened in June of last year.https://doniaweb.com
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Atlantic City Casino Revenue Reports
While the month was a good one in terms of revenues earned, it was the first month in over a year that the percentage increase was not in the double digits. However, an increase is an increase, even if it is just under 8%.
Atlantic City casinos see drastic revenue drop amid coronavirus restrictions Updated Nov 23, 2020; Posted Nov 23, 2020 This Oct. 1, 2020 photo shows the exterior of the Borgata casino in Atlantic. The more revenue you generate, the more taxes you need to pay. In line with the massive amount of revenue generated in 2019, the Atlantic City casinos are expected to pay a tax amount of $152 million. This is a significant 660% increase from the amount that they paid in 2018.
Of the nine operating casinos in the region, five were able to see an increase in revenue when compared to July 2018. These venues were the Borgata, Golden Nugget, Ocean Casino, Hard Rock and the Resorts Casino Hotel.
The Borgata had a stellar month, earning $88 million in gaming revenues, which is a new record for the company. The monthly total was their very best to ever be recorded during their 16-year operating history. Table games helped push the number up, coming in at over $31.8 million, which was a record number as well.https://churchm.ag
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According to The Press of AtlanticCity…
Stockton University’s executive director of the Lloyd D. Levenson Institute of Gaming, Hospitality and Tourism, Rummy Pandit, stated that July continued to show a positive growth trend for the Atlantic City area. Pandit stated that the pie is continuing to grow and the slices are getting larger.
Revenue Drop:
It was Bally’s Atlantic City, Harrah’s, Caesars and the Tropicana that saw a drop in revenues for July. These properties are operated by Caesars Entertainment Corp. and Eldorado Resorts Inc., two companies that are currently working on a merger worth $17.3 billion.
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Bally’s was down 11.3% when compared to last year, with $18.25 million in earnings.https://metro.co.uk Harrah’s and Caesars were basically neck and neck with $29.8 million and $29.9 million in earnings respectively. Tropicana was able to bring in $32.9 million.
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Another Revenue Increase for Atlantic City, Best Ever Month for Borgata
The news from Atlantic City continues to be positive. The latest monthly revenue report issued this week by the New Jersey Division of Gaming Enforcement once again showed an increase, with July's total gaming revenue up 7.8 percent year-over-year.
Counting everything — i.e., revenue from games in the casinos, the internet gaming win, and sports wagering revenue — Atlantic City's nine casinos reported just over $323.3 million in revenue for the month, up from $299.8 million in July 2018.
Atlantic City Casino Revenue July 2019
Again, the upward move is mostly due to online gaming and revenue from sports betting. The collective casino win was up for the month, increasing 1.8 percent to $277.2M from $272.3M a year ago.
But the internet gaming win was up a whopping 51.8 percent, going from almost $25.9M last year to $39.3M this July. And sports wagering revenue was up big as well, going from just $1.61M in July 2018 (the second full month NJ had sports betting) to almost $6.82M in July 2019.
The two racetracks — Meadowlands and Monmouth Park — also enjoyed big increases in sports wagering reveune, together earning almost $17.9M compared to just over $3.8M last July.
Worth noting as well is the fact that July 2019 was the first month in which the year-over-year comparisons could reflect full month totals from both the Hard Rock Hotel Casino Atlantic City and the Ocean Casino Resort, both of which first opened their doors during the last week of June 2018.
Casinos showing year-over-year increases in total gaming revenue included both the Hard Rock (up 24.6 percent) and Ocean Resort (up 18 percent), as well as the Golden Nugget Atlantic City (up 17.4 percent) the Borgata Hotel Casino & Spa (up 14.8 percent), and Resorts Casino Hotel (up 1.8 percent).
Meanwhile Harrah's Atlantic City (down 5 percent), Tropicana Atlantic City (down 11 percent), Bally's Atlantic City (down 11.3 percent), and Caesars Atlantic City (down 15.2 percent) all reported year-over-year decreases in total gaming revenue for July.
Resorts and Caesars both report internet gaming win separately. When taken together, Resorts' July increase was much larger (up more than 24 percent) while Caesars' decrease was somewhat less (down about 9 percent altogether).
The Borgata actually enjoyed its biggest month ever in terms of total gaming revenue with just under $89 million for July, up from $76.6M a year ago.
'Playing lucky in table games, complemented by healthy July volumes, led to Borgata enjoying an all-time record in total gaming revenue,' Borgata President and CEO Marcus Glovertold CBS Philly.
Total gaming revenue for the year to date is up 23.2 percent through July, having increased from almost $1.563 billion through the first seven months of 2018 to just over $1.925 billion through the first seven months of 2019.
Encore Boston Harbor Earns Nearly $48.6M in First Full Month
While we're on the subject of revenue, yesterday the Massachusetts Gaming Commission reported that Encore Boston Harbor enjoyed close to $48.6 million in gross gaming revenue from slots and table games in July, the first full month of the casino's operation following its opening on June 23.
The $2.6 billion luxury resort and casino located in Everett near Boston opened to great fanfare after eight years' worth of planning, construction delays, name changes, and legislative machinations.
According to CBS Boston, representatives of the casino have projected it will earn $800 million during its first 12 months in operation, 'but experts told the Associated Press that $600 million is more likely.'
Meanwhile MGM Springfieldwhich opened in August 2018 took in almost $20.4 million in gross gaming revenue in July after having earned just under $20 million in June. The smaller, slots-only Plainridge Park Casino realized $12.5 million in gross gaming revenue for the month, down from the $13.5M in June and down a little more than 17 percent year-over-year.
More threatened by Encore Boston Harbor is the Twin River Casino located about a 75-minute drive south across the border in Rhode Island. Officials there said 'this week it could be forced to lay off table game workers because the impact of the competition from Encore was greater than expected,' reports CBS Boston.
DOJ Appeals Ruling Against Its Wire Act Reinterpretation
Finally, as expected the U.S. Department of Justice has made clear its intention to appeal a district court decision negating its recent reinterpretation of the 1961 Interstate Wire Act. The short notice, sent by U.S. Attorney General William Barr and dated today, simply states the DOJ is appealing the district court's judgment to the First Circuit Court of Appeals.
Last November the DOJ issued a reinterpretation of the Wire Act that was made public in January of this year. Countering an earlier opinion from 2011, the memo from the DOJ's Office of Legal Counsel stated the Wire Act's prohibitions extended beyond just sports betting to cover other forms of online gambling.
However in early June a ruling by a U.S. District Court Judge vacated the DOJ's new opinion of the Wire Act, reaffirming that the law only applies to sports betting and not to other forms of online gambling, including the sales of lottery tickets and online poker.
Atlantic City Casino Revenue July 2019 Calendar Printable Free
A week after that ruling the DOJ extended the deadline for compliance with its new interpretation of the Wire Act to the end of 2019, already the second time an extension had been made.
As noted, the appeal was hardly a surprise. Indeed, the district judge who ruled against the DOJ's reinterpretation in early June, U.S. District Judge Paul Barbadoro, had stated he expected as much even before making his ruling.
'I have a strong feeling that however I resolve the case, or however the First Circuit resolves the case, it is likely going to be resolved by the US Supreme Court either way,' said Barbadoro at a hearing in April.
As Online Poker Report explains, after having made its intentions known the DOJ still needs to file a formal petition to the First Circuit Court of Appeals for it to hear the appeal, with that court not in session again for a couple of months.
Photo: 'Branding & Chips Stacks,' World Poker Tour, CC BY-ND 2.0.
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