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Industry
December 3, 2020
Atlantic City’s Rating by Moody’s Remains at Ba3, Outlook Shifts to Positive
Moody’s has put on hold the issuer’s rating of Atlantic City due to the unstable economic situation, increased governance and social risk, as well as income inequality. Despite the ongoing challenges, its outlook has been improved due to the city’s casino property taxes programme, the growth in online gambling and the city’s continued efforts for […]
Industry
November 24, 2020
Covid-19 Restrictions Drag Down Atlantic City Gaming Profit by 37%
Casinos across Atlantic City saw their revenues decrease by more than 37% between July and September 2020 compared to the same period last year due to the continuing restrictions to curb the spread of the virus. The Industry is Recovering Slowly Casinos in Atlantic City posted net revenue of $629.3 million or a 32.3% decrease […]
Casino
November 20, 2020
AC Casinos Not Linked to COVID-19 Outbreaks, Says Gov. Murphy
At a briefing with state officials on Wednesday this week, Governor Phil Murphy revealed that the casino operators have managed their casino floors responsibly. Furthermore, the Governor noted that there is no evidence relating the recent outbreaks of positive COVID-19 patients and casinos in the state. Casino Operators Responsibly Manage Their Casino Floors During a […]
Casino
November 15, 2020
The Borgata Reacts to New Restrictions with Staff Modifications
Atlantic City’s top casino, The Borgata, sent a letter to some of its members of staff Friday afternoon, to inform them that they are either laid off or would face a reduction in working hours. The cuts are undertaken by the casino in response to the latest restrictions on indoor dining imposed by Gov. Phil […]
Casino
November 10, 2020
Atlantic City Casinos Report 251 Positive Covid-19 Cases Since Reopening, Despite Spike in October
Gaming operators in Atlantic City reported 251 positive Covid-19 cases since the reopening of the city’s nine casinos in early July. With a strong increase in infection rates in October, restaurant and bar employees were the most affected. Safety Measures Seem To Be Working Atlantic City casino operators reported 251 new positive cases of Covid-19 […]
Business
November 5, 2020
Atlantic City: Twin River To Invest $90 Million Into Bally’s Atlantic City
Rhode Island-based casino operator Twin River Holdings, Inc. has committed to investing $90 million to upgrade Bally’s, Atlantic City’s worst-performing casino. Twin River Buys Iconic Bally’s Brand Bally’s Atlantic City was sold to Twin River last April at a discounted rate of $25 million. The opportunity arose as Caesars Entertainment and Eldorado Resorts were reducing […]
Casino
November 4, 2020
Atlantic City’s Ocean Casino Resort To Launch High-Limit Slot Experience
Ocean Casino Resort in Atlantic City just started building its High-Limit Slot Experience, coming soon. High-Limit Slot Experience Coming Soon Atlantic City’s Ocean Casino Resort started construction on a new slots area this week. It features 140 slot machines and private restrooms, as well as upgraded beverage services and a cage reserved for guests playing […]
Casino
November 2, 2020
COVID-19 Recovery Depends on AC Casinos Conventions
To begin their difficult recovery from the COVID-19 impact, casinos in Atlantic City need conventions and trade shows. The industry urges Governor Phil Murphy to increase the indoor capacity enabling conventions. To Begin Recovering from COVID-19 Impact, AC Casinos Need Conventions Casinos in Atlantic City, New Jersey are facing a difficult recovery from the […]
Sports
October 29, 2020
FanDuel to Debut Second New Jersey Sportsbook at Bally’s AC
Sports betting firm FanDuel is going to open a temporary sportsbook at Bally’s Casino, Atlantic City ahead of the launch of a permanent sports betting lounge in the spring of 2021. FanDuel to Open a Sportsbook at Bally’s Casino, Atlantic City Sports betting firm FanDuel has announced plans to open a retail sportsbook at Bally’s […]
Casino
October 27, 2020
AC Casino Employment Still Down From 2019 Numbers
Atlantic City’s nine casinos reported a 17.5% decrease in employment in September 2020, year-on-year. The number of casino employees has been decreasing every month since July compared to the 2019 numbers. 151 More Jobs From August to September The city’s nine casinos, Bally’s, Borgata, Caesars, Golden Nugget, Hard Rock, Harras, Ocean Resort, and Tropicana, reported […]