Atlantic City’s casino revenue declines by 5.1 percent in May

Atlantic City’s casino revenue declines by 5.1 percent in May

June 14, 2018 9:28 AM
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New Jersey’s Division of Gaming Enforcement reports Atlantic City’s casino revenue declined by 5.1 percent in May compared with a year ago. Data released Wednesday show the seven casinos won $217.6 million in May.

Revenue figures did, however, show internet gambling was up more than 15 percent. Online, the casinos won $24.3 million in May.

James Plousis, chairman of the New Jersey Casino Control Commission, attributed the decline to lucky players and unlucky casinos in May 2018 compared to the same month in 2017.

The casinos have won just over $1 billion so far in 2018, which is 4.3 percent behind the same period last year.

Two of the five casinos that shut down since 2014 expect to reopen later this month. The former Trump Taj Mahal is reopening as Hard Rock, and the former Revel is reopening as Ocean Resort, both on June 28.