Atlanta City seems to be rousing from a deep sleep. Casinos have been cleared to reopen at 25% capacity.

Some positive news for gamblers was that the governor of The Garden State had announced that guests could smoke now on the gaming floors, but sadly he rescinded that order.

Getting into numbers, according to New Jersey gambling regulators, nine Atlantic City casinos have generated combined slots-and-table-games revenue of $199m for the month of August This is a 30.5% decline from 2019 at this time, but nearly $52m better than the month before.

Also part of the stats, in August, slots revenue dropped 30.8% year-on-year, arriving at $144.1m. As for table games, they took a dip of 29.8% to $54.9m. The good news is the figures show significant improvements over July’s slots (at $111.8m) and table (at $35.6m).

Overall, reports indicate that the first eight months of 2020 show revenue down 53.9% to $842.2m.

The Borgata was at first on top of the heat at $40.5m, down only 43.7% year-on-year. Then the Hard Rock Atlantic City took a smaller hit, declining a mere 14.5% to $32.9m The Ocean Casino Resort (OCR) posted the only annual improvement, rising 1.4% to $24.4m in August.

Since its takeover by a New York hedge fund and its subsequent rebranding from Ocean Resort Casino, OCR has showed some nice growth. Too bad a federal court recently issued an injunction preventing helpful employees from luring high-rolling customers away from rival, The Borgata. Legal action had been taken by MGM Resorts, The casino’s parent company
Who are these culprits? William Callahan and Kelly Ashman Burke, the Borg’s former VP of Casino Marketing and Executive Director, respectively, had started working this summer.

MGM claims that Callahan kept an MGM-issued phone containing contact information for several of the Borg’s VIP gamblers. It is of concern since they collectively generate $25m in annual revenue for the casino. Callahan had apparently contacted some of these VIPs since joining OCR.

An order was issued by US District Judge Gloria Navarro after concluding that there was merit in MGM’s claims. She ordered Callahan to return the phone and cease contact. A hearing has been set at which time Navarro will consider whether to make the injunction permanent.

Source: https://calvinayre.com/2020/09/14/casino/atlantic-city-casinos-august-2020-gaming-revenue/

Leave a Reply

Your email address will not be published. Required fields are marked *

The following GDPR rules must be read and accepted:
This form collects your name, email and content so that we can keep track of the comments placed on the website. For more info check our privacy policy where you will get more info on where, how and why we store your data.