Last updated: February 07, 2024
Despite a minor September decline, Atlantic City’s casinos are celebrating a decade-high performance, showing close to 2% growth in gross gaming revenue from January to September compared to the previous year.
Gross gaming revenue (GGR) from retail slot machines and table games in Atlantic City is still up almost 2% from January to September compared to the same nine months in 2022, even though there was a drop in September. The nine gaming floors won about $2.17 billion, which is the best performance for the local industry in 10 years.
James Plousis, chair of the New Jersey Casino Control Commission, told Casino.org that last month’s land-based GGR would have been higher if MGM Resorts hadn’t been hacked. In early September, a group of criminal hackers went after MGM. They shut down the resort’s websites, which had a big effect on how it ran.
As Plousis said A widely reported cyberattack hurt Atlantic City’s casino win for the month of September. It was still the third-best September result since 2012, though.
The Borgata is the only casino in Atlantic City that MGM runs. During the cyberattack, a lot of the slot machines at the marina broke down or were turned off. Also, the slot machines didn’t print vouchers, so gamblers had to wait for a worker on the floor to cash them out. Credit card machines were also not working for a short time.
Bookings were also affected because the Borgata website couldn’t handle new reservations or changes to stays that were already booked. There were also no digital room keys, so guests had to wait in long lines at the front desk to check in and get a physical room key.
Atlantic City’s revenue from real-life gambling went down last month, but strong online play easily made up for it.
From September 2022 to September 2023, online casinos made about $163.8 million from table games and free slots. It’s 21% more than in September 2023. Fans of sports bet a record $111.1 million and lost. This was good for the people who set the odds. It made about $13.2 million more than it did a year ago, which is more than 13% more. Online poker fees brought in an extra $2.4 million, or 5.5% more.
In September 2023, the commercial gaming industry in New Jersey made $521.45 million. This includes all of its different types. That’s 7.5% more than the year before. As winter approaches, Plousis is still positive about the state’s gaming industry and Atlantic City.
Plousis came to the conclusion that Atlantic City’s wide range of in-person experiences and strong online offerings have proven to be a great mix that makes it resilient and should boost confidence in its long-term potential as a top gaming and leisure destination.
The Atlantic City government has given DEEM Enterprises, a group of New Jersey businesspeople and investors, permission to come up with a plan for how to redevelop Bader Field. Since 2006, the city’s old airport has been empty.
DEEM Enterprises has proposed a multibillion-dollar plan for a commercial and residential complex on the land that used to be an airport. The main attraction would be a 2.4-mile auto racetrack. In March, the Atlantic City Council and Mayor Marty Small Sr. chose DEEM to do the work on the city-owned land.
This week, DEEM asked the city to give it more time than the six months it was given to make a plan for the project. The final scope will need to be approved by lawmakers in New Jersey, who are still in charge of running Atlantic City.
The head of DEEM, Dan Gallagher, told the Press of Atlantic City this week that the request for an extension is for a number of reasons. Last month was the last day for DEEM to turn in its project outline.
Having come in the top five of the final for Poker Stars and the WSOP 3 years running, Thomas Orozco is a force to be reckoned with on the felt tables. While he’s yet to win himself a bracelet, he’s come out with the top hand on dozens of games in the past, which has only pushed him further up the ranks. Tom’s unrelenting passion for poker and other casino games bleeds through into his fantastic content writing skills, and we thank him every day for the expert insider tips and the contributions he makes to the site.
