Atlantic City casinos rebound as municipal gov’t stares bankruptcy in the face

Atlantic City casinos rebounded in April thanks to a more respectable showing at their gaming tables.

On Thursday, the New Jersey Division of Gaming Enforcement (DGE) published its figures for April 2016, which showed total brick-and-mortar gaming revenue at the city’s eight casinos rising 6.3% year-on-year to just over $198m. Add in the $17m that the state’s licensed online gambling sites earned last month and April’s total was up 8.1%.

April’s slots revenue rose nearly 5% to $142.6m while table games bounced back from their poor showing in March, rising 10% year-on-year to $55.5m. For the year-to-date, brick-and-mortar gaming revenue is up 2.7%, which rises to 4.4% if you include the online contributions.

This April benefited from having two more weekend days than April 2015, but New Jersey Casino Control Commission chairman Matt Levinson wasn’t about to quibble, calling the results “very heartening” and praising the city’s surviving gaming venues for doing “a better job attracting new customers in a challenging business environment.”