Sep 15 2017
Atlantic City continues to attract large numbers of players from New Jersey throughout the year. The recent downsizing of Atlantic City has not dampened demand for hotels, or gambling activity in the Garden State. The best time to frequent Atlantic City casinos is between March - May, and June - August. Summer months are characterized by moderate temperatures in the low 80s, and relatively high levels of humidity. These visiting times dovetail with the cooler temperatures during the warmer months of the year. Atlantic City boasts some 27 million visitors every year, and it remains one of the most popular tourist destinations in the country.
Atlantic City hotels and casinos recommend that visitors arrange their bookings well in advance of Memorial Day weekend, and it is always advisable to pack suitable attire for the cooler temperatures between March and May. The summer months between June and August are best suited to the Atlantic City Boardwalk and beach activity, but prices tend to rise dramatically. Between September and November, Atlantic City vacations are characterized by lower airfares and better rates, but many of the attractions may be closed to visitors. In recent years, some $1.7 billion has been invested in rejuvenating Atlantic City as a prime destination for revelers.
Among the many attractions in Atlantic City are championship golf courses, world famous chefs, star-studded entertainment, unique seaside attractions, luxurious shopping facilities, and gambling galore. Among the many prestigious shopping venues are the Tanger Outlets, Louis Vuitton, Tiffany & Company, The Pier Shops at Caesar’s, and others. Dining attractions include Buddakan, Wolfgang Puck American Grille, Cuba Libra, Morton’s – The Steakhouse, et al. Visitors from out of state can fly in to the Atlantic City International Airport which is located just 12 miles west of Atlantic City, New Jersey.
In its prime, Atlantic City New Jersey was home to 12 mega casinos. Since 2014, 5 major casinos have shuttered, owing to a rise in casino activity in neighboring states like Maryland, Pennsylvania, New York, and others. New Jersey authorities have worked tirelessly to reinvigorate the casino industry, with initiatives aimed at promoting Atlantic City to locals andvisitors alike. Today, there are 7 casinos operating in New Jersey, and they continue to attract throngs of players from within the state, and elsewhere.
The most successful casino in 2016 was the Borgata. Year-on-year revenues increased 3.8% to $769 million. In second place for 2016 was Harrah’s with revenues of $358 million, 4.3% lower year-on-year. Atlantic City’s third best performing casino is the Tropicana with a 9% year-on-year increase for a 2016 revenue stream of $341 million. In fourth position is Caesar’s with a 2.7% year-on-year decrease in revenues at $302 million for 2016.
The Golden Nugget casino was the fifth most successful casino in Atlantic City in 2016. It enjoyed a 9% spike in gaming revenues year-on-year, with a $251 million gross in 2016. Bally’s weighs in at position #6 in Atlantic City, with 2016 revenues of $210 million, up slightly year-on-year. The last casino on the list is also one of the best performers year-on-year, Resorts – a boardwalk property – which generated $173 million in revenues in 2016. The good news for the Trump Taj Mahal is that it was purchased by billionaire investor Carl Icahn who plans to sell the property to investors from the Hard Rock International Group. They will be spending $300 million to renovate the property and reopen it as the Hard Rock Atlantic City casino and hotel in 2018.
Currently, Bally’s Atlantic City features 121,624 ft.² of gaming space, inclusive of the Wild Wild West Casino. This prestigious venue features 42 tables for the World Series of Poker (WSOP), some 129 table games, and 1,841 slot machine games. The Borgata Hotel Casino & Spa is an impressive establishment situated on 160,000 ft.² of gaming space. Players can enjoy 75+ tables in the poker room, 3,026 slot machines, and 184 table games. Caesars Atlantic City features 115,225 ft.² of gaming space, with 138 table games, and 1,854 slot machines.
Golden Nugget Atlantic City casino is smaller with 79,957 ft.² of gaming space. It features 84 table games, 10 poker tables, and some 1,445 slot machine games. Harrah’s Atlantic City is an impressive resort located on 135,195 ft.² of gaming space, with 40 poker tables, 2,192 slot machine games, and 135 table games. Resorts Atlantic City is one of the smaller casinos in the area, with 80,000 ft.² of gaming space, 74 table games, and 1,555 slot machine games. The Tropicana Casino and resort is a medium-sized casino in Atlantic City. It features 124,791 ft.² of gaming space, 22 poker tables, 2,275 slot machine games, and 114 table games.
The New Jersey DGE released July figures for online gambling revenue streams from Atlantic City’s casinos. The following information is now available:
The growth in popularity of online gaming in New Jersey with operators like www.888casino.com, HarrahsCasino.com and several more continues to blossom. The casinos with the top revenue streams since launching include the following:
New Jersey online gambling revenues have consistently exceeded $15 million per month between January and May 2017. Since inception in 2013 December, New Jersey online gambling revenues have consistently appreciated from around $6 million to well over $20 million (June 2017). The growing interest in New Jersey online gaming dovetails with increased interest in land-based casino entertainment. The restrictive costs of frequenting Las Vegas casinos have kept many New Jersey players at home, and Atlantic City casinos have benefited accordingly.
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