Atlantic City casinos post encouraging aggregated August gaming revenues

The nine casinos in Atlantic City reportedly saw their aggregated gross gaming revenues for August increase by 31% year-on-year to just over $427.6 million as they continued to recover from the turmoil of last year’s coronavirus pandemic.

According to a Thursday report from the Associated Press news service citing official information from the New Jersey Division of Gaming Enforcement regulator, this most recent tally was considerably higher than the $326.3 million recorded for August of 2020, which was the first full month of restored casino operations following a full coronavirus-related shutdown that had lasted 108 days.

Comprehensive climbs:

The new service reported that aggregated in-person gross gambl lodivip ing revenues for the casinos in Atlantic City rose by 32% year-on-year last month to top $262.4 million while such venues also experienced an analogous 29% spike in receipts from online gambling to $113.2 million. To add to the optimism and the New Jersey facilities moreover purportedly processed approximately $52 million in sports wagers, which represented a comparative boost of almost 32%.

Eye-catching exploits:

Jane Bokunewicz, Institute Coordinator for Stockton University’s Levenson Institute for Gaming, Hospitality and Tourism, reportedly told the Associated Press that every one of the casinos in Atlantic City had chalked up year-on-year rises in August gross gaming revenues. She purportedly divulged that this club had been led by the over 70% spike to $15.8 million recorded by the Golden Nugget Atlantic City property from operator Landry’s Incorporated while Caesars Entertainment Incorporated’s nearby Tropicana Atlantic City enterprise had notched up a corresponding 44% boost to $38 million.

Bokunewicz reportedly told the news service…

“Peak summer in the resort produced promising revenue returns for the city’s casinos. If pandemic mitigation efforts are successful in lowering transmission rates into the autumn and winter and live events continue to return to the resort, we can expect a strong off-peak season fueled by continuing demand for experiences.”

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Aboriginal achievements:

The Associated Press reported that the Resorts Casino Hotel facility from the Mohegan Gaming and Entertainment arm of the federally-recognized Mohegan Tribe saw its gross August gaming revenues increase by more than 35% year-on-year to $18.6 million. Next door and the Hard Rock Hotel and Casino Atlantic City property from the Seminole Tribe of Florida purportedly experienced an analogous 33% boost to $52.4 million as in-person receipts hit a city-wide best of approximately $13 million.

Considered caution:

Joe Lupo serves as the President for the 2,000-room Hard Rock Hotel and Casino Atlantic City and he reportedly disclosed that local casinos had been helped by the state’s recent revocation of coronavirus-related capacity limitations. However, the executive declared that the city’s aggregated August gross gaming revenues were still 8.4% down on the p for the same month in 2019 to show that there remains ‘the need to recognize opportunities to work together for growth and improvements to the city.’