There are currently eighth casinos working in Atlantic City and their Revenue in the Month of August 2016 is down by 4.9 Percent compared with a year ago. If there would not have been internet gambling platforms in the state, the total gambling revenue would be doing even worse than this.
State Division of Gaming Enforcement, the gaming authority of the Atlantic City presented the revenue of the all 8 casinos working in the state, which shows that, the casinos won $245.8 million in August, while it was $258.5 million in August 2015, and by this means it is 4.9 percent down compared to 2015.
Meanwhile Internet gambling in the state of New Jersey is doing really well and has generated whooping revenue of amount more than $16 Million in the Month of August 2016, which is up by 31.6 percent compared to last year.
Only two casinos such as the Golden Nugget and the Tropicana have done well in previous month and they generated a good amount of money, while on the other hand the biggest loser in terms of casino revenue in the state was Trump Taj Mahal, which will be closed in October after Labor Day.
Tropicana did well by making $32.9 million in August, which is up by 6 percent, compared to 2015, whereas the Golden Nugget was up by 6.4 percent to $23.8 million, compared to same month than last year.
By the way the Trump Taj Mahal total Revenue was down by 27.2 percent and it was only $13.7 Million, Caesars was down by 11 percent and it generated $27.9 million in the Month of August 2016.
The chairman of the New Jersey Casino Control commission Matt Levinson, said that August this year had two less weakened, compared to August 2015, which had two more weakened and according to him, this may be the cause of dropping revenue.
The Revenue for Borgata was $69.3 million, which is down by 7.3 percent, Harrah’s generated $33.5 million, which is down by 5.5 percent, whereas Bally’s generated $20.9 million and it was down by 10.5 percent, compared to previous year.