Atlantic City casinos reported a slim year-over-year increase in table games and slot revenue in August, according to the New Jersey Division of Gaming Enforcement.
The nine Atlantic City casinos reported $280.3 million in land-based gambling revenue last month, outperforming August 2022 by a narrow margin (+$6.3 million, +2.3%). Five of the nine Atlantic City casinos posted Y-o-Y increases last month, according to the NJDGE data.
Year-to-date, land-based gambling revenue by AC casinos is nearly $1.93 billion. That figure is 2.3% ahead of the $1.88 billion reported through the same period last year.
Total gaming revenue (sum of land-based, online casino and sports wagering) reported by the AC casino licensees topped $502.3 million for the month, up 16% compared to August 2022.
Borgata Hotel Casino & Spa, which celebrated its 20th anniversary this summer, remains the Atlantic City market leader. The Marina District casino kept $73 million from in-person gamblers, a 1.5% increase over August 2022. For the year, Borgata has reported $508.1 million, putting it 4.9% ahead of last year’s pace.
Hard Rock Hotel & Casino and Ocean Casino Resort both celebrated their five-year anniversaries in the summer of 2023.
Hard Rock generated $50.7 million last month, a 10.7% Y-o-Y increase. Through August, Hard Rock netted $338 million, ahead of 2022 by 0.4%.
Ocean’s success is no longer in question as the property once known as Revel has solidified itself in the top tier of the AC market. The Boardwalk casino generated $39.6 million in revenue last month, an 8.1% increase over August 2022. Year-to-date, Ocean’s $267.5 million is up 12.7% compared to 2022.
The three AC casinos operated by Caesars Entertainment each generated more than $20 million in monthly in-person gambling revenue again in August. Caesars AC posted $22 million in revenue, up 1.6% over 2022. Harrah’s Resort AC reported $24.5 million, a 1.8% Y-o-Y decline. Tropicana AC dipped 4.4% in August ’23 compared to a year prior, with revenue of $24.7 million.
The city’s first casino, Resorts Casino Hotel, sits atop the lower third of the market. The Boardwalk casino netted $17.6 million last month, a decrease of nearly 5% from 2022. Resorts is a few million shy (-3.2%) of last year’s total through August. Year-to-date, Resorts has generated almost $114 million.
Bally’s Atlantic City stumbled a bit to close out the summer but the casino has been trending upward for most of the year. Bally’s reported $15 million in revenue, dropping nearly 5% year-over-year. Through August, Bally’s AC is down 0.2% over last year with nearly $106 million in revenue.
Golden Nugget Atlantic City is the city’s smallest casino hotel. It generated roughly $13.2 million last month, a 1.6% increase from a year earlier. Golden Nugget has yet to hit the $100-million mark for in-person gambling revenue in 2023, reporting $99.2 million through August.