Good August for Atlantic City – Casino Revenue Up for the 1st Time Since December
In the wake of more competition than ever for Atlantic City in the gambling world, the city received some encouraging news today that casino revenue was up 13% in the month of August.
This past month saw Atlantic City benefit from very good weather (unlike last year’s interruption from Tropical Storm Irene on Aug. 28th, 2011), 64 public events for the casinos last month (up 94% from August 2011) that included the Atlantic City Airshow and Nik Wallenda’s high-wire walk over the beach in A.C. drawing big numbers, and a big month for the newest casino Revel Resort.
Revel scored about $3 Million more than July in gaming business, taking in $20 Million. This is encouraging news for the casino in the wake of news recently that the casino asked to borrow $100 Million to stay afloat.
Atlantic Club Casino had the biggest increase of any of the 12 A.C. casinos this past month. Atlantic Club Casino was active in their advertising all summer, has SoJO 104.9 host their Friday happy hour to raving success, and scored nearly $15 Million in casino gaming business – a jump of 25% in business!.
The Borgata continues to be the leader of the gaming on the Jersey Shore with over $55 Million of gaming business for August.
The results of all the casinos in Atlantic City saw about $314 Million in gaming revenue for August. Knowing that Philadelphia has been successful with their area casinos, hopefully the August numbers will be a building point for the business of gambling in Atlantic City.