Atlantic City Casinos Post Best May in Nearly a Decade, Land-Based Win Tops $233M
Atlantic City casinos experienced their best May inward almost a decade, as brick-and-mortar gross gaming revenue (GGR) exceeded $233 million.
May 2022 represented a to a greater extent than 9% year-over-year realise and 4.5% improvement on pre-pandemic May 2019. The land-based win pronounced the best May public presentation for Atlantic City since 2012.
The industry’s casino win was the strongest reported enter inward the month of May for the yesteryear nine years,” James Plousis, chair of the New Jersey Casino Control Commission, told Casino.org.
While May 2022 was boilersuit a strong month for retail casino gaming, Caesars, Golden Nugget, Harrah’s, and Resorts all reported reduced brick-and-mortar gambling casino win from May 2021. Those losses, however, were more than offset by important gains made past Borgata and Hard Rock, the two securities industry leaders inward Atlantic City.
MGM Resorts’ Borgata continued its market place ascendance with $63.4 meg — a 30% year-over-year spike. Hard John Rock was a removed second at $41.5 million, but that represented a nearly 19% surge for the Boardwalk property.
Land-Based Casino Win — May ’22
- Borgata — $63.4M
- Hard John Rock — $41.5M
- Ocean — $25.3M
- Tropicana — $21.7M
- Harrah’s — $21.2M
- Caesars — $20.3M
- Resorts — $14.1M
- Golden Nugget — $12.8M
- Bally’s — $12.7M
iGaming, Sports Fare Well
May was yet another strong month for iGaming and sports betting. GGR from online casinos climbed 26% from May 2021 to $136 million. Oddsmakers generated an additional $61.6 1000000 — 16% amend than a yr ago.
All combined, New Jersey’s gaming manufacture — the second-richest inward the nation slow Nevada — won o'er $430.6 gazillion from gamblers in May.
“Atlantic City’s gambling casino win and summate gaming revenue continued to outperform the same point shoemaker's last twelvemonth as fountainhead as pre-pandemic levels. Total gaming revenue was the highest for May inward over a decennary thanks to growing inwards gambling casino win, near-record internet gaming win, and an growth inward sports wagering revenue,” Plousis explained.
Dark Cloud Looms
Business is seemingly good for Atlantic City casinos, but a great threat lingers over the industry. The collective bargaining agreements that rule worker contracts at all Nina from Carolina properties expired June 1.
The local Unite Here trade union that represents 10,000 workers intermeshed inward a variety of resort hotel occupations, including housekeepers, bartenders, cocktail servers, cooks, bellmen, and doormen, authorised a hit yesterday. The walk out consent allows for a walkout at any dot after July 1. The conglutination is seeking an unspecified “significant” compensate increment for its members.
Even if the 2 sides come to an accord before the July 4 holiday, the unsuccessful person to contact an understanding before the contracts expired could halter bookings. Last month, the sum began warning summertime travelers that their vacations could follow interrupted by the ongoing moil talks. The trade union debuted a website providing a itemization of non-gaming join hotels that are non impacted.
“The Atlantic Ocean City casino manufacture is enjoying rising profits, but workers are struggling to piddle ends meet. They need wage increases and safe workloads,” the trades union said.