Atlantic City Hit by Snow Instead of Gamers

Is it worse to have multiple jackpots won by players or to have no players at all? Atlantic City may be able to answer this question given their January troubles. Not even a month into the New Year, and Atlantic City is wondering if their gambling revenues will be worthwhile in the first quarter.

Atlantic City casinos are battling the cold and snow instead of too many gamers at their tables. No one seems willing to go outside for anything but food, work, and warmth. The casinos are showing low revenues due to the snow.

New Jersey Division of Gaming Enforcement announced, Wednesday, February 14, 2018, that numbers are down 12.6 percent, which means a revenue totaling $162 million versus the higher figures from January 2017. A part of the income comes from online gambling sites from the same brick and mortar operators in Atlantic City.

The numbers show about $22 million in revenue was made online instead of in their land-based casinos, which helps nudge the numbers up.

Slots revenue also fell, so it was not just the tables or lack of whales coming to spend their money. The numbers show that slots were down 11.5 percent and tables had a loss of 15.1 percent on a year on year examination. Seven of the Atlantic City operators said the declines are not just happening in one area but across the board.

Double-Digit Declines in AC

Four of the operators showed double-digit declines in their revenue streams for their land-based casinos. Borgata was down 11.4 percent, while Harrah fell 16.3 percent. The Tropicana had a minimal fall of 5.7 percent. Caesar suffered the most losing 23 percent.

Players are not going to other casinos or just going online. They only did not show up to play.
Commission chairman for the New Jersey Casino Control said it was the blizzard that hit on January 4th and mucked up the rest of the month. When people see snow and are told not to leave home to avoid getting stuck or causing accidents, it means they are not going to Atlantic City.

The Tropicana did agree that it is possible to snow may have affected. They also suffered a fire on Wednesday, which affected only the 44th floor. It may be a hot casino for gambling, but with a need for remodeling, it could see a decline in revenue for the rest of the year.

Leave a Reply

Your email address will not be published. Required fields are marked *