Atlantic Metropolis Casinos Put up Finest Might in Practically a Decade
Atlantic Metropolis casinos skilled their greatest Might in nearly a decade, as brick-and-mortar gross gaming income (GGR) exceeded $233 million.
The Atlantic Metropolis Boardwalk is bustling as soon as once more, and casinos are reporting a surge in gaming income. Land-based on line casino win topped $233 million in Might 2022, the trade’s greatest quantity for the month of Might since 2012. (Picture: New Jersey On line casino Reinvestment Improvement Authority)
Might 2022 represented a greater than 9% year-over-year acquire and 4.5% enchancment on pre-pandemic Might 2019. The land-based win marked the very best Might efficiency for Atlantic Metropolis since 2012.
The trade’s on line casino win was the strongest reported determine within the month of Might for the previous 9 years,” James Plousis, chair of the New Jersey On line casino Management Fee, advised On line casino.org.
Whereas Might 2022 was a robust month for retail on line casino gaming, Caesars, Golden Nugget, Harrah’s, and Resorts all reported decreased brick-and-mortar on line casino win from Might 2021. Nonetheless, these losses have been greater than offset by important good points made by Borgata and Exhausting Rock, the 2 market leaders in Atlantic Metropolis.
MGM Resorts Borgata continued its market dominance with $63.4 million — a 30% year-over-year spike. Exhausting Rock was a distant second at $41.5 million, representing an almost 19% surge for the Boardwalk property.
Land-Based mostly On line casino Win — Might ’22
iGaming, Sports activities Fare Properly
Might was one more stable month for iGaming and sports activities betting. GGR from on-line casinos climbed 26% from Might 2021 to $136 million. Oddsmakers generated a further $61.6 million — 16% higher than a 12 months in the past.
All mixed, New Jersey’s gaming trade — the second-richest within the nation behind Nevada — received over $430.6 million from gamblers in Might.
“Atlantic Metropolis’s on line casino win and complete gaming income continued to outperform the identical interval final 12 months in addition to pre-pandemic ranges. Complete gaming income was the best for Might in over a decade due to development in on line casino win, near-record web gaming win, and a rise in sports activities wagering income,” Plousis defined.
Darkish Cloud Looms
Enterprise is seemingly good for Atlantic Metropolis casinos, however a terrific risk lingers over the trade. The collective bargaining agreements that govern employee contracts in any respect 9 properties expired June 1.
The native Unite Right here union, which represents 10,000 staff engaged in varied resort occupations, together with housekeepers, bartenders, cocktail servers, cooks, bellmen, and doormen, licensed a strike yesterday. The strike consent permits for a walkout at any level after July 1. The union is searching for its members’ unspecified “important” pay improve.
Even when the 2 sides come to an settlement earlier than the July 4 vacation, the failure to succeed in an settlement earlier than the contracts expire may hamper bookings. Final month, the union started warning summer season vacationers that their holidays might be interrupted by the continued labor talks. The union debuted an internet site itemizing non-gaming union inns that aren’t impacted.
“The Atlantic Metropolis on line casino trade is having fun with rising income, however staff are struggling to make ends meet. They want wage will increase and protected workloads,” the union mentioned.
