Atlantic City Casinos Spin the Poker Ball With iGaming
Even though many casinos have taken a setback the world over in the light of the pandemic, Atlantic City casinos have tried hard to keep up the momentum. The illustrious casino Giant has compensated for its losses with phenomenal endeavors through its online and sports betting operations.
Nine of the total Atlantic City’s Casinos alone accounted for slots and table games, taking the revenue to more than $145 million in November, based on the New Jersey Gaming Enforcement Division statistics. Compared to last year’s November count, this was considered a 34.6% deficit; the Casino behemoth considerably garnered $114.3m by sportsbooks on betting and online casinos in the previous month, which only showed a marginal shortage of 9.6% year to year basis.
While the brick-and-mortar losses were to be observed, slots had crashed 35% to $101.8m, and on the other hand, tables sank to $44.7m. Going into the analysis of the Casino performance, it can be seen that the Hard Rock Atlantic City Casino was a role player in reporting a gain of $28m in the last month. Ocean Casino Resort though could not report significant improvements but reduced its losses to almost 1.3%.
Other casinos in the league who showed only marginal losses are Caesars AC that plummeted to 56% to a meagre of $112.4m, and its sister concern Harrah’s that went down to $12.6m. Golden Nugget, more popular for online casinos, crashed to 49% even though making marginal $8.7m. Borgata spread the news of falling with a similar 38% contributing to $36.6m.
Essentially two large playmates that emerge in this Casino World are Hard Rock and Ocean Casino Resort towards the end of November till now, who have reported gains of $34.65m and $23.8m, respectively.
Hurrah’s General Manager Ron Baumann stated,
This news comes as a surprise because other Poker showcasing casinos like Ocean Casino converted their poker room into a high-limit slots area. It seems Harrah is set to steal the show, following the footsteps of Borgata’s Thunder, thundering massive gains!!