CASINO

Atlantic City’s seven surviving casinos eke out November gains

TAGs: Atlantic City, chris christie, New Jersey

atlantic-city-casinos-revenueAtlantic City casinos eked out a minor gaming revenue bump in November, provided you pretend that the Trump Taj Mahal never existed.

Figures released Wednesday by the New Jersey Division of Gaming Enforcement show brick-and-mortar gaming revenue at Atlantic City’s seven surviving casinos totaled $180.1m in November, down 5.8% from November 2015, although up 1% if you discount contributions from the Taj Mahal, which closed for good in October.

Counting the $17.2m brought in via the state’s licensed online gambling operators, November’s total gaming win was down 3.5% to $197.3m, but up 3% subtracting the Taj Mahal. For the year-to-date, total brick-and-mortar win is down 1% to $2.22b. Looking just at the seven surviving properties, the year-to-date figure is up 1.2% to $2.09b.

The market-leading Borgata was one of only two casinos to report negative growth in November. The Borgata was down 0.2% to $57m while Caesars dropped 12.4% to $21.3m. The month’s biggest gainer was the Tropicana, which shot up 12.1% to $25.3m. The rest of the pack finished as follows: Harrah’s ($30.8m, +2.4%), Golden Nugget ($16.7m, +2.7%), Bally’s ($16.3m, +6.6%) and Resorts ($12.6m, +0.4%).

CHRISTIE SLAMS NEW JERSEY’S ‘DUMB’ VOTE AGAINST CASINO EXPANSION
Meanwhile, New Jersey Gov. Chris Christie continued his patented charm offensive on Tuesday by calling his state’s voters “dumb” for rejecting North Jersey casino expansion on the November election ballot. Christie, who is constitutionally prevented from seeking re-election next year, clearly has little appetite left for sugarcoating his interactions with voters.

Appearing on WFAN’s Boomer and Carton sports radio show, Christie said the rejection of a proposal to allow two casinos in the northern part of the state was “a dumb move by the voters, but they did it.” Christie had supported the expansion plan, which would have included a casino at the Meadowlands racetrack on the border with New York state.

Christie noted that New York casino interests had financed a television ad campaign condemning the North Jersey plan, and Christie said voters had “listened to the New York money.” Christie warned that the end result would be “New York’s going to expand casino gaming into New York City, they’re going to make all the money, and New Jersey’s not.”

Christie also shot down the prospects of a new Assembly bill to allow internet café gambling at New Jersey racetracks, saying “the people have spoken” on gaming expansion. “They do not want casino style gaming spread in other parts of the state.”

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