Atlantic City casinos have mixed June; North Jersey expansion efforts stall

Atlantic City’s eight surviving casinos had a mixed June, with four posting year-on-year gains and four posting losses.

Total gaming revenue at AC’s elite eight casinos came to $204.9m last month, not counting the $11.7m contributed by the state’s regulated online gambling sites. Compared to the same eight casinos’ performance during June 2014, this year’s total is up 4.4%. However, add in revenue generated by the casinos that have closed since last June and the numbers are down 9.5%.

The Borgata continued its market-leading run, with brick-and-mortar gaming revenue rising 17.9% to $56.7m. That was nearly as much as the second and third ranked operators combined, as Harrah’s rose 7.3% to $31.2m while Caesars fell 2.4% to $28.2m.

The Tropicana slipped 4.8% to $24.7m, while Bally’s fell 3% to $17.4m. The Golden Nugget posted the month’s biggest gain, rising 19.6% to $17.1m. The Trump Taj Mahal’s recent rescue from bankruptcy wasn’t enough to remove the aroma of failure, as it posted the month’s biggest loss, falling 23.5% to $15.3m. Resorts Atlantic City rounded out the chart with $13.7m, up 19.2%.