A.C. casino revenue up 14.7 percent in February

Mar 14, 2016 7:14 PM

Atlantic City’s casinos won 14.7 percent more from gamblers in February than they did a year ago. Figures released Monday by the state Gaming Enforcement Division show the eight casinos took in $204.7 million in February.

Internet gambling did particularly well, bringing in $14.7 million for the month, an increase of nearly 42 percent compared with February 2015.

Six of the eight casinos posted monthly increases, led by the Borgata, which was up more than 29 percent from a year ago, to $62.8 million.

The Trump Taj Majal, which was recently taken over by billionaire Carl Icahn, had a slight decline of less than 1 percent, to just over $12 million. Caesars was down 8.3 percent to $22.6 million.

“It’s always positive to see casino revenues going up, and there were a lot of factors that combined to make February a good month,” said Matt Levinson, chairman of the New Jersey Casino Control Commission. “Compared to last year, the weather was great and with Leap Year, last month had one extra day.”

Slot winnings were up 8.9 percent to $130.2 million, while table games winnings were up 23.2 percent to $59.6 million. As usual, the Borgata won the most money in Atlantic City, by a large margin.

Among casinos with Internet gambling, the Borgata retained the top spot in the online market, with $4.2 million in Internet revenue, an increase of $13.4 percent from a year ago. Resorts had $1.3 million in Internet revenue, but next week its online partner PokerStars will begin operating in New Jersey, presumably providing a big boost to Resorts’ online numbers.

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