CASINO

Atlantic City casinos dip, Pennsylvania nudges up, Maryland sets near-record

TAGs: Atlantic City, Maryland, Pennsylvania

atlantic-city-maryland-pennsylvania-casino-revenueAtlantic City casino gaming revenue dipped slightly in March thanks to a poor showing by the properties’ table games.

Total brick-and-mortar gaming revenue at AC’s eight casinos came to just under $187.5m in March, a 1.7% decline from the same month last year. Slot machine revenue was basically flat at $132.8m while table game revenue slipped 5.9% to $54.6m. Counting the month’s online gambling revenue, the overall figure was down 0.4% to $203m.

The eight casinos were evenly split between net gainers and losers, with the latter category including the Borgata, which saw revenue fall 4% year-on-year to $53.4m, which was still almost twice the $28.5m earned by runner-up Harrah’s, which declined 11.8%.

Third-place went to the Tropicana, which gained 6.3% to $22.4m, just enough to push traditional third-place finisher Caesars into fourth with $22.2m (-4.6%). The bottom half of the chart finished as follows: Bally’s ($17.4m, +9.6%), Golden Nugget ($16.8m, +3.6%), Trump Taj Mahal ($13.2m, -10.3%) and Resorts ($13m, +17.8%).

While AC slipped a little in March, the slots at the dozen casinos across the border in Pennsylvnia reported revenue up 1.7% to $211.2m. The Parx casino continued to be the state’s top slots earner, rising 6% in March to $34.6m, well ahead of runner-up Sands Bethlehem’s $27.2m (+4%).

Meanwhile, Maryland’s five casinos came close to setting a new revenue record in March. The monthly tally rose 7.5% year-on-year to just under $98m, only one million shy of the record set in July 2015. As usual, Maryland Live! earned the bulk ($54.6m) of the statewide total, while Horseshoe Casino Baltimore was a distant second at $27.6m.

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