Atlantic City Posts Positive November Casino Revenue

Atlantic-City-CasinosThe New Jersey Division of Gaming Enforcement posted casino revenue for November.  Gross revenue from casino floor operations came in at $224.7 million, up 27.9 percent from November 2012.  The net change can be attributed to the closure during Hurricane Sandy in 2012 and an additional Saturday in November 2013 compared to 2012.

Of the 12 Atlantic City casinos, 11 posted positive gaming revenue last month against its November 2012 figures.  The only loser was Trump Plaza, posting just $4.8 million in casino revenue in November, down 2.6% over 2012.  Trump Plaza has seen its revenue drop 27.5% over last year’s numbers during the first 11 months of this year.  The struggling casino places last in Atlantic City in terms of gaming revenue.  For the year-to-date, the casino has earned one-third the gaming revenue of Golden Nugget, which places 11th in the market.  Golden Nugget posted $10 in gaming revenue last month, more than double that of Trump Plaza.

Atlantic Club came in ninth place for the month.  It is expected to be sold through an auction on December 17th.  A $25 million bid has been set, according to the Associated Press.  Borgata continues its dominance in Atlantic City.  It took in $20 million more in November gaming revenue than its closest competitor.

Online poker and casino games debuted last month in New Jersey.  The earnings from this activity is not included in the November casino gaming report released by the New Jersey Division of Gaming Enforcement.  These figures are expected to be disclosed in the next release on January 10, 2014.

November Gaming Revenue by Property/Percent Change

  1. Borgata 50.8 million +18.9%
  2. Harrah’s $30.2 million +20.1%
  3. Caesars $24.4 million +29%
  4. Tropicana $18.5 million +44.5%
  5. Trump Taj Mahal $$18.3 million +8.6%
  6. Bally’s $18.2 million +20.1%
  7. Revel $14.6 million +133.9%
  8. Showboat $13.7 million +19.2%
  9. Atlantic Club $10.9 million +44.7%
  10. Resorts $10.3 million +43.8%
  11. Golden Nugget $10 million +10.4%
  12. Trump Plaza $4.8 million -2.6%

New Jersey Division of Gaming Enforcement Press Release

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