Atlantic City Rebounds With 12.6 Percent Growth
Revel Casino Brings In $20 Million In August
The sluggish Atlantic City casino industry had a solid month of August, reporting gaming revenue of $313.9 million, a 12.6 percent increase over August of 2011, when the city’s 12 casinos brought in $278.7 million.
The numbers were helped by a surge from the new Revel Casino which cracked the $20 million in revenue mark for the first time since opening in April. The property has made it a point to market itself as a resort first and a casino second, with upscale restaurants, retail shops, a spa and a 47-story hotel tower, the tallest building in the city.
The beach-themed and completely smoke-free casino still ranked eighth in the city, despite the increase in revenue. The Borgata Hotel and Casino finished first yet again, bringing in $55.3 million. Harrahs Resort and Caesars Palace came in second and third place, respectively.
Analysts believe that the reason for Atlantic City’s August surge has more to do with what didn’t happen than any economic surge. In 2011, Hurricane Irene forced the closure of all of the city’s casinos, costing each property millions in revenue.
|1||Monte Carlo Casino Closes Poker Room|
|2||Las Vegas' Best Non-WSOP Summer Series In 2017|
|3||Man Tries To Rob Poker Game At Gunpoint|
|4||Hart Returns To High-Stakes Poker In Monte Carlo|
|5||Poker Game At Senior Center Forced To Shut Down|
|6||The Best Casino Games For Advantage Players|
|7||Busse Wins CPPT Ocean's 11 San Diego Classic|
|8||Win Your ACR Sunday Special Buy-In For Free|
|9||$1.6B Project For Wynn Las Vegas Greenlit|
|10||CPPT Ocean's 11: Recap of Flights 1E and 1F|
|1||Man Left Empty Handed After Slot Machine Fiasco|
|2||Bicycle Casino Shut Down After Police Raid|
|3||Poker High Roller Sues Roommate Over Unpaid Rent|
|4||Poker Pro Receives 8 Years For Debt Collection Scheme|
|5||Bicycle Casino Reopens Day After Government Raid|
|6||Man Attacked By Security On United Flight Is A Poker Player|
|7||Feds Indict Another Top Las Vegas Sports Bettor|
|8||Ryan Riess Wins 2017 WPT SHRP Finale|
|9||Bike Raid Could Hurt PokerStars Team In California|
|10||Podcast: Schulman After Losing 7-Figure Roll|