Atlantic City’s surviving casinos post small revenue gain; last word on Revel

Atlantic City’s eight surviving casinos bounced back from their weather-related woes to record a small gaming revenue increase in March.

The eight AC casinos that didn’t shut their doors last year generated gaming revenue of $190.7m in March, up 1.3% from the same month last year. The figure doesn’t include the $13.2m the state’s regulated online gambling sites brought in last month. Sticklers will note that the month’s total is down 12.6% if you count the four walking dead casinos that were still operating in zombie mode in March 2014. Regardless, the March total is a significant gain from February’s $168m, so cheer the fuck up.

In purely land-based terms, just three AC casinos posted revenue gains in March, led by the market-leading Borgata. In a case of the rich getting richer, the Borgata’s brick-and-mortar revenue was up 8.8% year-on-year to $56m. The month’s biggest gain came at the Golden Nugget, which rose a hefty 25.9% to $16.2m. Harrah’s was the month’s only other gainer, rising 11.4% to $32.3m.

The month’s decliners finished as follows: Caesars ($23.3m, -4.1%), Tropicana ($21.1m, -4.8%), Bally’s ($15.9m, -11.1%), Trump Taj Mahal ($14.8m, -22.8%) and Resorts Atlantic City ($11m, -1.5%).