5 in combined revenue, meaning on-premises and online, ($39.1 million) but that was also a 40% increase from April 2022. 2 Hard Rock, 38.8 million (and down 4.4%).Īmong Atlantic City’s nine casinos for April, Ocean was No. 3 in the Atlantic City market for on-premises gaming revenue in April behind perennial market leader Borgata at $58.1 million (but down 5.7% from April 2022) and No. However, Ocean Casino Resort bucked that trend in April. While many Atlantic city casinos were seeing drops in on-premises gambling year-over-year for the month, Ocean Casino Resort saw a 30% gain to $34.2 million. Also, the tilt toward online doesn’t bode well for aspects of the industry that are dependent on tourists.
One is that mobile gambling, the combination of online sports betting and iGaming, can more than make up for the shortfall in actual visitation gambling. But the downside of that for the casinos is they must share online revenues with their partners who help run the gambling apps. There are a couple of takeaways from those numbers. For April, a headline on Atlantic City’s revenue report was that while overall revenues for the month were $462.7 million, up 9.5% in same-month, year-over-year comparisons, revenue from on-premises gambling was down 1.6%, to $231.4 million, from April 2022.
