July 2017 Casino Revenues in Atlantic City Drop Below Expectations as Temps Rise Percentages Take a Dip
Although New Jersey released its latest numbers for the state as a whole this week, and the results were on a positive level, Atlantic City revenues took a bit dip, dip in the wayside pool! We’re talking a 2.7% dip for the month of July. The New Jersey Division of Gaming Enforcement spokesman David Rebuck says the latest report is enough to make gaming officials in the state start to panic.
Reports say gambling revenue including online activities, and the Trump Taj Mahal, that is now shuttered, earned $267.8 million last month. This is way lower than what was generated in 2016. If you exclude the Trump Taj Mahal, figures would have been higher than last year with the seven casinos that remain in the city, and their $267.8 million in revenues.
David Rebuck, the Director and Spokesman for the state said,
“While there are fluctuations in monthly revenue, it is encouraging that Atlantic City’s current operators’ casino win figures are up nearly 10 percent for the year so far, illustrating that overall, there is continued stabilization in the industry.”
The Resorts, once again was the biggest winner out of all the operators. They seen a 14.4% increase in revenues just for the month of July.