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For the month, the properties’ combined revenue was up 9.3% year-on-year, from $213m, while year-to-date revenue rose by nearly 21% to $1.08bn, according to ps released by New Jersey’s Division of Gaming Enforcement (DGE).
Of the nine resorts, Borgata commanded a strong lead, generating $63.4m in casino revenue for an over 30% year-on-year increase, while Hard Rock came second and Ocean third, recording $41.5m and $25.4m in casino revenue respectively.
Tropicana came fourth, Harrah’s fifth and Caesars sixth, while Resorts, Golden Nugget and Bally’s came seventh, eighth and ninth.
In fact, Caesars, Golden Nugget, Resorts and Harrah’s all posted year-on-year casino revenue declines, possibly attributable to redevelopment works and other efforts taking place to attract customers back after Covid-19.
But land-based gaming does not constitute the casinos’ sole revenue stream. The nine properties and their partners reported $136m in iGaming revenue, up by more than 25% when compared to last year.
Again, Borgata commanded a strong lead, producing $42.6m in online revenue for a 30% year-on-year rise. Meanwhile, Golden Nugget and its iGaming business, Golden Nugget Online Gaming (GNOG), generated $34.6m, while Resorts Digital produced nearly $30m.
Finally, New Jersey sports betting revenue amounted to $61.6m for May, reflecting a 16.4% year-on-year increase. All-in-all, total gaming revenue was $430.6m, up 15% when compared to last year’s $374.2m.
While this growth will be welcomed by Atlantic City’s casino operators, possible labour action looms. A local union earlier this week voted to authorise strikes next month if new contracts are not agreed.
