Atlantic City casinos’ November gains; Revel’s would-be buyer applies for casino license

Atlantic City casinos posted modest revenue gains in November, and for once the numbers are asterisk-free.

On Wednesday, the New Jersey Division of Gaming Enforcement (DGE) posted its casino figures for the month of November, during which AC’s casinos generated land-based gaming revenue of $185.8m, up 3.2% from the same month last year. Slots revenue improved 1.5% to $131.8m while table games jumped 7.6% to $54m.

This is the first time this year that the year-on-year monthly figures are directly comparable, and don’t require one to factor out contributions from the Trump Taj Mahal, which closed its doors in October 2017.

The numbers look even better when you add the $20.6m generated by the casinos’ online gambling sites, which brings November’s total gaming win to $206.4m, up 4.6% year-on-year. For the year-to-date, brick-and-mortar gaming revenue at the market’s seven surviving casinos is up 6.5% to $2.23b, while total gaming win is up 8.1% to $2.45b.